Barcroft Studios, the British producer behind Netflix series Amazing Interiors, has been 100% acquired by publisher Future in a deal worth £23.5M ($30.3M) in cash and shares.
Future, a listed company in the UK, announced the acquisition in its full-year earnings on Friday and will complete the deal by the end of November. It publishes media brands including Four Four Two and TechRadar.
Barcroft makes factual content for streamers and broadcasters, as well as operating its own social video channels on YouTube, Facebook and Snapchat, where it has amassed 63M followers through self-funding content like Born Different and Beastly.
Barcroft was founded in 2003 by CEO Sam Barcroft and in 2014, took minority investment from Channel 4 as part of the British broadcaster’s Growth Fund initiative to boost small independent producers. The Future deal will mean that Barcroft is no longer part of the Growth Fund.
Sam Barcroft will remain in charge...
Future, a listed company in the UK, announced the acquisition in its full-year earnings on Friday and will complete the deal by the end of November. It publishes media brands including Four Four Two and TechRadar.
Barcroft makes factual content for streamers and broadcasters, as well as operating its own social video channels on YouTube, Facebook and Snapchat, where it has amassed 63M followers through self-funding content like Born Different and Beastly.
Barcroft was founded in 2003 by CEO Sam Barcroft and in 2014, took minority investment from Channel 4 as part of the British broadcaster’s Growth Fund initiative to boost small independent producers. The Future deal will mean that Barcroft is no longer part of the Growth Fund.
Sam Barcroft will remain in charge...
- 11/15/2019
- by Jake Kanter
- Deadline Film + TV
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