Phantom Digital Effects Ltd has announced its intention to acquire Milk VFX and Lola Post.
The parent company of PhantomFX, Spectre Post and Tippertt Studios, has entered an agreement in principle with the sister studios, aiming to increase its global footprint to include Europe and bolster its brand portfolio. Established across the APAC and North America regions, the move follows the creation of Phantom China earlier this year.
With the acquisition expected to take place in the coming weeks, Phantom has confirmed the Academy Award, BAFTA TV Craft and Creative Arts Emmy Award-winning studios will continue to operate under their respective names with both leadership teams remaining in position.
Commenting on the annoucnement, Bejoy Arputharaj, CEO and founder, Phantom Digital Effects LTD, said, “I’m thrilled to welcome Milk and Lola Post into the Phantom Group. Their proven creative excellence and distinctive storytelling further strengthen our position as a leading force in the industry.
“This strategic move deepens the integration of our studio ecosystem and reinforces our commitment to supporting filmmakers, content creators and production companies around the world as a trusted partner in delivering high-quality visual storytelling.”
