West London post house sale
Rapid Pictures has completed a takeover of Crow TV and has re-brand the fellow West London post house as Radiant Post Production.
The asset deal includes the lease on Crow’s Shepherd’s Bush facility and around 20 staff who were transferred via TUPE (Transfer of Undertakings Protection of Employment).
No financial details were disclosed.
Crow TV, previously owned by Westside Post Production, has 30 offline suites, four online suites, four dubbing theatres and grading facilities.
Rapid Pictures’ joint managing directors Ben Plumb and Elouise Carden will assume responsibility for both companies aided by former Sequence head of post and Envy business development manager Kabir Jutla, who joined in August.
Carden said of the deal: ‘We have admired Crow for a number of years and share a number of high profile clients. Rapid has been fully booked for the last two years [so] we needed to find additional space to move into.”
Crow TV’s credits include Chalkboard TV’s Life Behind Bars: Visiting Hour and Little Gem’s How to Lose Weight Well for Channel 4 and Flame Television’s The Nightmare Neighbours Next Door (Channel 5).
Crow TV’s Birmingham facility is included in the deal but no decision has been made yet about its future.
Westside Post Production, trading as Crow TV, was put up for sale in August and appointed the accounting and consultancy firm RSM to find a buyer. RSM was appointed as administrators of Westside Post Production on 27 September. Westside Post Production bought the assets of the original Crow TV, also via administrators, in April 2015.