Talks between Prime Focus and Evolutions about an acquisition that would have resulted in the creation of a £25m London postproduction giant have ended.
Broadcast understands that the two companies had been discussing a deal over the summer that would have seen Evolutions’ expertise in factual, light entertainment and comedy programming become part of the Indian-owned global visual entertainment services group.
It is not clear what the stumbling block was and sources said they were unsure whether the deal could be resurrected.
Prime Focus UK managing director Simon Briggs told Broadcast he was unable to comment on whether there had been talks but said: “Prime Focus will not be making any acquisitions this year.”
Evolutions owner and managing director Simon Kanjee said: “I cannot comment on industry speculation or gossip. The fact is simply that there are no deals currently on the table.
“As is the case with any ambitious and fast-moving company, conversations with prospective tners happen all the time. But my only focus right now is looking after Evolutions’ clients and its staff as we gear up for one of our
busiest ever quarters.”
Evolutions provides post services for Top Gear (pictured).