Broadcast News

Bookmark and Share

VTR Acquires Machine Effects For £2m

VTR has acquired Machine Effects Limited, the visual effects company founded by John Lockwood and Steve Street, for £2m.
The acquisition strengthens VTR’s offer in the UK visual effects market and underpins the continued international expansion of the Prime Focus Group of companies.
Machine Effects Limited is a leading visual effects business offering a full range of services to film and broadcast. Its impressive list of credits includes 'Fred Claus', 'Elizabeth: The Golden Age' and 'Harry Potter and the Prisoner of Azkaban'. Both John Lockwood and Steve Street will remain with the business and continue to work with VTR plc.
Namit Malhotra, Chairman of VTR plc and Prime Focus Group (PFG), said: "This acquisition adds to the group’s global breadth, strengthening our visual effects capabilities and helping to grow our offer. Machine Effects is a strong brand with an impressive track record in the industry and I am pleased that it will be joining VTR plc and in turn part of the growing group of companies in the Prime Focus Group."
Neil Lane, Managing Director, VTR plc said: "Steve and John are experts in the visual effects market and will compliment Prime Focus London’s existing capabilities in that area. We are excited to have them joining our team and look forward to working together."
John Lockwood said of the acquisition: "Machine Effects integration into the group will allow us to concentrate on what we do best whilst participating in the future success of VTR plc."
Steve Street added: "We are thrilled to be joining the Prime Focus Group of companies and to have access to its global resources in London, India, Canada and the United States."
The acquisition has been funded by an inter-group loan from Prime Focus Limited (PFL), which is a majority shareholder in VTR.
VTR and PFL entered into a loan agreement on 21st January 2008 which made available a £1,000,000 credit facility to VTR.
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

The Vitec Group At IBC2017
The Vitec Group has announced that it will showcase its extensive range of premium-branded products and services for broadcast, film, and photographic
Sterling Event Group Signs Panasonic Deal
Sterling Event Group has announced a six-figure deal with Panasonic to allow it to offer the latest in projector technology in the UK. Sterling will b
Systems Group Expands At Shure Distribution UK
The Systems Group at Shure Distribution UK is expanding with the addition of Andrew Francis as Senior Applications Engineer and Richard Knott as Proje
Axis Group Launches Axis Studios
Axis Group has announced the launch of Axis Studios. The rebranding unites the groups three branches – Axis Animation, Flaunt Productions and axisVFX
Voddler Group Drives Dawri Plus Digisports Platform Expansion
Voddler Group has provided leading MENA OTT and IP video product provider Intigral with its VoddlerNet hybrid peer-assisted video streaming solution t
Cartesian Becomes First Consultancy To Join Digital TV Group
Telecommunications consultancy Cartesian has become the first member from the consultancy sector to join the Digital TV Group (DTG). The company will
Vizrt Group Remains Committed To NAB 2020
As companies continue to pull out of NAB, the Vizrt Group has announced it remains committed to the show through its launch of VizrTV and NewTekTV. St
NEP Group's Lisa Heidel Promoted To SVP, Global Media Solutions
NEP Group has announced that Lise Heidal, Managing Director of NEP Norway AS, has been promoted to SVP, Global Media Solutions. In her new role, she w
AIMS ProAV Working Group To Introduce IPMX
At ISE 2020 in Amsterdam, the Alliance for IP Media Solutions (AIMS) ProAV Working Group will introduce Internet Protocol Media Experience (IPMX), a s
Production News : ITV Appoints New Group Chief Data And AI Officer
ITV has appointed Sanjeevan Bala as its new Group Chief Data & AI Officer. Reporting to Rufus Radcliffe, Chief Marketing Officer and Director of Direc
Object Matrix And Ortana Media Group Announce Technical Collaboration
Object Matrix and Ortana Media Group have announced a technical collaboration to provide integrated content management and archive workflows. The inte
Isaac Hersly To Lead Fonn Group Americas
Fonn Group has announced the launch of Fonn Group Americas, a regional operation that will bring its Mjoll and 7Mountains brands to the North and Sout
Production News : SPT Invests In The Whisper Group
Whisper has confirmed that Sony Pictures Television (SPT) has invested in The Whisper Group, which comprises of award-winning live sports and non-scri
Sinclair Broadcast Group Deploys Analysis Parking Software
Sinclair Broadcast Group is deploying Marquis Broadcast's Analysis Parking software with a new enterprise monitoring dashboard for its many facilities
Triveni Digital Shifts Focus To ATSC 3.0
Triveni Digital is focusing its efforts on ATSC 1.0 and ATSC 3.0 for the NAB Show. As broadcasters migrate to NextGen TV, simulcasting will soon be a