WPP to acquire Filmworks China via GroupM subsidiary
British multinational advertising and public relations company WPP has agreed to acquire Filmworks China, an entertainment marketing agency in China, through its global media investment management arm GroupM.
British multinational advertising and public relations company WPP has agreed to acquire Filmworks China, an entertainment marketing agency in China, through its global media investment management arm GroupM.
This investment continues WPP's strategy of developing its services in fast-growing and important markets and sectors.
Filmworks' unaudited revenues for the year ended December 31st 2011 were approximately RMB 12m, with gross assets at the same date of approximately RMB11m. It has a blue-chip client list that includes Electronics Arts, DreamWorks, TCL Television, Li Ning and Yili Group.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Greater China remains one of the fastest growth markets for WPP and is currently WPP's third largest market with revenues of $1.3bn and 14,500 people including associates.
The deal is subject to regulatory approval. WPP's share price was up 0.29% to 876.50 at 09:31.
MF
-
UK dividends rose in final quarter of 2025, but share buybacks ate into investor payoutsLast year saw dividend growth continue to fall below pre-pandemic averages, against a backdrop of increasing share buybacks.
-
Lifetime ISA reform: Retirement option could be scrapped in overhaulA consultation on a product replacing the Lifetime ISA is set to be launched this year, and the option to use it to save for retirement is expected to be axed in the shake-up
