FFI Holdings, the parent vehicle of well known film and TV completion guarantee specialist Film Finances Inc., has bought UK distributor Signature Entertainment in a deal worth $5M in cash followed by four smaller annual payments.
Expanding LA outfit FFI provides completion contracts, risk insurance and more recently, post-production services. It also collaborated on IMAX and Warner Bros movie Pandas. Among the hundreds of movies it has issued contracts for are The Hunger Games, 12 Years a Slave and La La Land.
Signature is a well known player in the UK market and has a strong reputation in the home entertainment space. It aggregates for Netflix, Amazon Prime and Sky. As we revealed earlier this month, recent pickups include Jon Hamm and Rosamund Pike thriller Beirut (pictured) and Steve Coogan and Paul Rudd comedy Ideal Home. Recent releases for the company include Beyond Skyline starring Frank Grillo and Iko Uwais, Jungle starring Daniel Radcliffe and The Titan starring Sam Worthington, Taylor Schilling and Tom Wilkinson.
In 2017, the firm made its first major foray into production on Scott Mann action pic Final Score, which is released in the UK later this year by Sky and Altitude. After setting up Signature in 2011, CEO Marc Goldberg recently relocated to LA to drive the company’s production push.
Steven Ransohoff, CEO of FFI Holdings PLC, said, “We are delighted to bring Signature Entertainment under the FFI banner. We look forward to working with Marc Goldberg and his team as they expand their distribution business which is especially well poised in the streaming arena. Signature will afford us excellent opportunities to expand the reach of the rest of FFI’s platform into a new captive distribution channel.”
Signature’s CEO Goldberg said, “I and the whole Signature team are excited about joining the FFI family and the abundance of opportunities now open to Signature to further accelerate the growth of the company. We will continue to bring the best independent content to our partners whilst continuing to look at original opportunities and new ways of working in the ever-changing global marketplace.”
FFI, which has been around since the 1950s, has been expanding its portfolio in recent times. In February 2017 the firm bought post production company Pivotal Post and followed that up with the purchase of EPS-Cineworks Digital Studios in November 2017.