After deal closes, the studios will continue to operate under their respective names; moves follow recent addition of Tippett Studio and launch of Spectre Post and Phantom China.
Phantom Digital Effects Limited, the parent company of VFX studios PhantomFX, Spectre Post and Tippett Studio, announced today that it has entered into an agreement in principle to acquire Milk and Lola Post, award-winning European visual effects studios specializing in high-end episodic and feature film content.Terms of the transaction and expected close date were not revealed.
With offices across Europe - in London, Barcelona, Bordeaux and Dublin - Milk (founded in 2013 by award-winning VFX Supervisors Sara Bennett, Neil Roche and Jean-Claude Deguara) specializes in visual effects for high-end episodic television and feature films, while Lola Post (founded in 2000 by award-winning VFX Supervisor Rob Harvey) focuses on documentary, specialist factual, and original drama.Both studios have received multiple awards for their work, including an Academy Award for Best Visual Effects for four BAFTA TV Craft Awards for and the BBC dramas and , and a Creative Arts Emmy Award for .Following the acquisition, the studios will continue to operate under the Milk and Lola Post names.
Chris Burn will remain Group Managing Director, Sara Bennett, Neil Roche and Jean-Claude Deguara will maintain their positions as Chief Creative Officer, Deputy Chief Creative Officer and Production VFX Supervisor respectively at Milk, and Rob Harvey as Creative Director of Lola.The addition of Milk and Lola Post will bolster Phantom Digital Effects Ltd’s existing brand portfolio and service offerings and continues to build on the Group’s position as a leading global creative partner for the entertainment industry across key markets, including APAC, Europe and North America.It follows several the recent addition of Tippett Studio and the launch of Spectre Post in 2024, and the recent establishment of Phantom China earlier this year.
“We are excited to join forces with the talented teams at Phantom group,” said Burn.“For over a decade, Milk has delivered award-winning VFX, earning a reputation for both creative vision and technical excellence.This year, Lola celebrates its 25th anniversary, a significant milestone that reflects its enduring contribution to the industry and its deep commitment to partnering with filmmakers and showrunners who value collaboration and creative support.
This next chapter will allow us to scale our creative ambition, extend our global reach, and continue delivering outstanding VFX to our clients.” “Milk and Lola Post's strong pedigree of award-winning work, strategic locations across Europe and innovative spirit, further ensures Phantom’s global reach in producing the very best work and excellence in customer experience,” said Ian Unterreiner, Executive Vice President of Phantom Digital Effects Ltd.”The advantages this group brings to bear in terms of superior creative, competitive value and overall sustainability are powerful assets in the marketplace.” “I’m thrilled to welcome Milk and Lola into the Phantom group,” said Bejoy Arputharaj, CEO and Founder of Phantom Digital Effects Ltd.“Their proven creative excellence and distinctive storytelling further strengthen our position as a leading force in the industry.
This strategic move deepens the integration of our studio ecosystem and reinforces our commitment to supporting filmmakers, content creators and production companies around the world as a trusted partner in delivering high-quality visual storytelling.”
Current and upcoming projects across the Phantom group include (Tippett Studio - Disney), (Tippett Studio - Legendary, Cineverse), (PhantomFX - Prime), (Milk - Netflix)(Milk - NBC) and (Milk - Prime)
Most recently, the Group’s work was featured in shows including (Tippett Studio - Disney+), (Milk - Prime), (Lola Post - BBC/PBS), (Tippett Studio & PhantomFX - Alibaba Pictures Group), (Tippett Studio - Disney+), (PhantomFX - Prime)(Tippett Studio - Disney), (PhantomFX - Netflix)(Milk - Netflix), (Lola Post - Prime), (Milk - Warner Bros.).Phantom Digital Effects Limited (NSE: PHANTOMFX) is a publicly listed global VFX services provider, operating across India, the United States, Canada and China.Dan Sarto is Publisher and Editor-in-Chief of Animation World Network.
Tippett Studio Shares New VFX Showreel
Milk Delivers Mushy Red Chaos for ‘Heads of State’
Milk VFX, Lola Post Expand Leadership Team
Milk Launches Barcelona VFX Studio
Milk VFX Launching Bordeaux Studio in 2023
Milk Names Steve MacPherson Chief Technology Officer
Milk VFX Adds Lola Post Production
Milk VFX and Loud Minds Teaming-Up on ‘Surviving Earth’
