Pictured Left To Right: Spencer Pollard, John Gore, Adam Sergeant
John Gore Media Ltd, based by Media Entrepreneur John Gore, at present introduced that it has acquired OkFilm Ltd, the parent company of UK distribution companies Kaleidoscope Home Entertainment, Platform Entertainment and Icon Film Distribution, plus International Sales enterprise, Kaleidoscope Film Distribution.
The deal was negotiated by John Gore’s staff, with OkFilm CEO, Spencer Pollard, and OkFilm COO, Adam Sergeant. It sees John Gore Media Ltd purchase 100% of the share capital of the Group, together with the shareholding of OkFilm’s earlier buyers, Schneider Investment Associates, who acquired a minority stake in the Group in 2014.
John Gore and Jonathan Lack will be a part of Pollard and Sergeant on the board of OkFilm, and the present senior administration staff will stay in place to handle the day-to-day operations of the enterprise.
John Gore Media Ltd was represented throughout the buying course of by Dr Saverio Salandra of HCR Law, and OkFilm by James Greenslade, Peter Weiss and Robert Hepburn of Simons Muirhead and Burton.
CEO and Founder of OkFilm, Spencer Pollard mentioned, “It is with great pride and happiness that nearly sixteen years to the day since I started Kaleidoscope Home Entertainment, that we head to this year’s AFM full of renewed vigour and excitement, as we plan for including KFilm’s group of companies within the John Gore stable of audiovisual businesses.”
“John Gore has a career that is almost unrivalled within media – both as a successful businessman and creative entrepreneur. We cannot wait to start working with yet more established IP in the film and music space, as Kaleidoscope has a long history of success in both areas, domestically and internationally.”
“There have been too many wonderful staff members past and present to thank individually but my biggest thanks goes to our COO, Adam Sergeant who joined me when the business was just a few months old. Then there is Schneider Investment Associates, who, almost eleven years ago, sought me out and fundamentally changed the business through investment, to help us grow both organically, and via the corporate acquisitions of Platform Entertainment in 2016 and Icon Film Distribution in 2018.”
“We are a 360-degree distribution and sales business with our own FAST channels, own SVOD service, a keen eye on library acquisitions, and a financier of independent animation features, documentaries and commercial genre films. Now is the right time to take everything we have built and make it part of something bigger and even more exciting. This is the perfect environment for me, the board and the KFilm team to thrive and grow. We cannot wait to get started.”
John Gore commented, “With the acquisition of OkFilm, we’re preserving the legacy of British movie and tv, whereas getting the probability to champion new tales. OkFilm’s success, repute and world attain give us a singular basis to bridge previous and future – honouring classics that form British tradition and advancing new tales to captivate audiences worldwide. It’s a dedication to each heritage and development, guaranteeing these narratives endure.“
