SPARKK//SPACE, Singapore’s first co-sharing creative offices and studios, has announced the upcoming acquisition by MVR, a Chinese media company.
Online PR News – 10-July-2017 – Singapore – SPARKK//SPACE (www.sparkk-space.com), Singapore’s first co-sharing creative offices and studios, has announced the upcoming acquisition by MVR, a Chinese company specialized in media properties in Asia.
Both companies enter into a binding agreement for the sale of Sparkk//Space studio operations, to enhance its production and media value in Singapore.
The acquisition of Sparkk//Space’s facilities and infrastructure further increases MVR’s share in the Asian media market. “The combination of Sparkk//Space with MVR’s group of companies will provide clients with a larger product value and seamless product offerings,” said Kevin Ou, co-founder of Sparkk//Space ( a subsidiary of KEVINOU, INC).
MVR will leverage Sparkk//Space for immediate product diversification to its customers. “The acquisition is also expected to result in greater efficiencies while providing Sparkk//Space a renewed capital to expand,” added Elwin Goh, co-founder (Sparkk//Space).
Sparkk//Space, will continue to operate under MVR Studios, a wholly owned subsidiary of MVR (Cinematics) Pte Ltd.
"Our clients will continue to receive the same high quality productions & services, which they have come to expect,” stated Lee Shao Hao (Managing Director, MVR).
Under the terms of the agreement, the founding partners of Sparkk//Space will be replaced by the directorial teams of MVR. Mr. Elwin Goh and Mr. Kevin Ou, will no longer be driving the managerial or operation teams from the 9th July 2017 onwards.
For more information about MVR Studios, visit its website at http://mvrstudio.sg