WPP buys movie research firm
Ever-growing advertising behemoth, WPP, said it has bought the film research firm First Movies for an undisclosed sum.
Ever-growing advertising behemoth, WPP, said it has bought the film research firm First Movies for an undisclosed sum.
The purchase was made by WPP's communications subsidiary Penn Schoen Berland.
First Movies undertakes research for many of the world's major film studios, independent distributors, production companies and industry affiliates, WPP said.
Subscribe to 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
It undertakes events like test screenings to gauge audience reactions to new films and clients include Disney, Paramount, Sony Pictures and 20th Century Fox.
"First Movies' capabilities will complement Penn Schoen Berland's existing media and entertainment practice by giving it a bigger footprint and an increased capability to service its clients' global research needs," WPP said in a statement.
"This acquisition continues WPP's strategy of investing in important and fast-growing markets and sectors."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published