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MediaMonks announces merger deal with content house WhiteBalance
S4Capital plc (SFOR.L), the new age, new era digital advertising and marketing services company, announces that its global content practice MediaMonks today conditionally agreed a merger with Delhi-based content creation and production company, WhiteBalance. After opening an office in Bangalore in February this year and appointing Poran Malani as S4Capital's Director for India, the company further strengthens its position in the region.
WhiteBalance, recently voted as one of the 'the world's 10 most beautiful offices of 2019' by inc.com, was founded in 2010 by Robert Godinho with the intent of creating a one-stop shop for high quality visual productions. With a state of the art content studio and in-house film, 3D and post-production talent, WhiteBalance is fully equipped to produce content from feature films, commercials and documentaries to high-end digital content. To support its credibility within the Indian production market, WhiteBalance has also recently won Gold at the ICMA 2019 in Digital Branded Content, Marketed Content & Digital Non-Branded Content categories.
With the merger, MediaMonks adds 50 experts to the team, with the intent of doubling the India business in the coming six months. MediaMonks will also continue to invest in growing the content studio in Bangalore into a creative hub for APAC, and aims to size up the teams and studio facility in Delhi.
Sir Martin Sorrell, Executive Chairman S4Capital: "India is a country very close to my heart – one built on a heritage of creativity, and characterised by a vibrant culture. As you can imagine, I'm delighted to continue to expand into this fast growing market, offering a wealth of talent and significant growth opportunities, and the merger with WhiteBalance is the next step for us to build a leading creative content business here. At the same time we're strengthening our position in the APAC region – ever more important – as India continues its trajectory to become the most populous country on earth."
Robert Godinho, Founder & CEO WhiteBalance: "WhiteBalance is a close-knit family of artists, designers and visual storytellers. Our dream is to put a ding in the universe by creating internationally recognised work from our home, India. Having worked with the world's leading media organisations, we're incredibly excited that our journey has led us to join forces with MediaMonks. We're looking forward to bringing the same professionalism to customising creative solutions for our clients in the APAC region."
Victor Knaap, Global CEO MediaMonks: "We are happy to welcome a company this talented to the MediaMonks family. It's unbelievable how well our cultures match in terms of passion for creativity and quality. What MediaMonks can bring to the Indian market is merging the disciplines of film and tech, by inviting directors and developers to come together and produce world-class digital storytelling."
Poran Malani, Director for India, S4Capital: "The opportunity for the S4Capital model in India is huge. India is globally recognised for its creativity and its leading-edge technology, making it the perfect place for integrating the two into a new service model. With operations in our current production hub in Bangalore, combined with the strength of WhiteBalance, bundling our forces in the pursuit of excellent fit-for-format content is an exciting prospect as we introduce our global network to this dynamic market and open it up to world-class digital work."
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