Company looks for Pepper Post buyer
Blighty’s Future Film Group announced Friday that it’s withdrawing from post-production and looking for a buyer for its Pepper Post, also known as Future Post Prods.
Following a full review of its operations and as part of restructuring, the Future Film Group board decided to focus on its main biz of media financing, production and digital distribution.
Pepper Post is in liquidation and has ceased trading.
In a statement, Future revealed that it intends to find a buyer for the business, which it bought last August, as a going concern. “Future Films is a leading provider of finance to the media industry, and we will continue to focus our efforts in providing finance for film and television productions where we see excellent growth prospects,” said Future Films CEO Stephen Margolis. “The board and I would like to thank all those staff that has made Pepper what it was over the years and regret that the state of the market has brought us to this decision.”
Pepper Post worked on a slew of recent titles including Mike Leigh’s “Another Year,” Stephen Frears’ “Tamara Drewe,” Paul Greengrass’ “Green Zone,” Louis Leterrier’s “Clash of the Titans” and Guy Ritchie’s “Sherlock Holmes.”