Silk Sound, the 30-year-old Soho audio post-production house, has been acquired by Bubble TV owner Chris Phinikas for an undisclosed sum.
Phinikas has purchased all shares and assets, estimated to be worth £2m, of Silk from previous managing director Robbie Weston, who is leaving the company. All 10 staff will retain their positions.
“Bubble TV started out with two Pro Tools sound suites and has since grown to four, but I was looking for an opportunity for further expansion,” said Phinikas. “The industry has gone through a very rough time, but this shows there is some positive activity around. We are taking over some very exciting work and will push Silk forward.”
The deal includes the lease on Silk Sound’s 4,500 sq ft building, including five Fairlight suites, and that of an adjacent, vacant, 3,000 sq ft building on Berwick Street.
“We have plans for possible future expansion which might be into video or it might be a 5.1 theatrical dubbing suite,” added Phinikas.
Bubble TV is on the second year of a rolling contract to audio-post all promos for Turner Broadcasting. Other clients include Hit Entertainment, Disney and Discovery.
Silk’s client base includes Ogilvy, National Geographic and Publicis.
Phinikas, a sound engineer, began his career at Silk Sound twenty years ago and has since worked for M2 Television and Video London among others. He founded Bubble TV in 2003.
Picture: Bob The Builder - the show’s voice-recording facilities are provided by Bubble TV.