ROK Entertainment has bought a controlling stake in Fun Little Movies.
UK-based mobile TV specialist ROK has made good on its promise to ramp M&A activity by acquiring a 51 per cent stake in LA-based mobile video producer Fun Little Movies.ROK, which last week completed a share exchange with Cyberfund, said the acquisition was completed for a combination of cash and shares.
Under the terms of the agreement, ROK and FLM will jointly offer operators made-for-mobile content, such as comedy short films.
Frank Chindamo, FLM’s president and chief creative officer, said: "ROK’s management team gets it. They see the same potential for the mobile space that we do. We are excited about the new synergies created by joining with a company that understands ‘synergy’ the way we do."
Chindamo founded FLM in 2004 and is an Adjunct Professor at the University of Southern California (USC), teaching 'Mobile and Internet Viral Screenwriting and Producing'.
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ROK CEO Laurence Alexander said: "We love what Frank Chindamo and his team at FLM have been doing in the mobile entertainment space. We look forward to expanding the footprint of FLM content worldwide and going forward to develop a whole new portfolio."
