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Streamland Media Holdings LLC (“Streamland Media” or the “Company”) a portfolio company of Dallas-based private equity group Trive Capital (“Trive”) and Newport Beach-based Five Crowns Capital (“Five Crowns”), recently completed the acquisition of Seattle-based Clatter & Din (“Clatter”). Clatter provides sound and art post-production services to the fast-growing interactive industry. The facility will serve as the Company’s hub in the Pacific Northwest, which is home to some of the world’s largest gaming producers and publishers. Post transaction, Clatter & Din will be integrated and branded under Streamland’s interactive business unit, Formosa Interactive.
“The acquisition of Clatter & Din enables Streamland Media to substantially grow its interactive offerings, with regional presence, leading talent and end-to-end post-production services. As content creation within the gaming sector continues to expand at a rapid rate, Formosa Interactive is well positioned to support the increased capacity and creative needs of game developers and publishers,” says David Stinnett, Partner at Trive Capital.
“Streamland’s strategy is to provide best-in-class talent, full-service capabilities, and localized facilities to our customers in episodic, feature and interactive sectors globally. The combination of Formosa Interactive with Clatter & Din brings an exceptional team, reputation and relationships within the gaming customer community that will help expand our footprint and presence in this critical market,” says Bill Romeo, Chief Executive Officer of Streamland Media.
Five Crowns Managing Partner Jeffrey Schaffer added, “The acquisition of Clatter represents another step towards building a comprehensive, industry-leading post-production platform. We believe that Clatter’s recent business momentum will be further accelerated by integrating under the broader Formosa Interactive umbrella, which has a demonstrated track record of providing industry leading creative and co-development services to gaming clients around the world.”
Streamland is actively seeking add-on opportunities in the outsourced gaming services market, with a focus on art and sound, including concept art, VFX, motion capture, trailers, marketing, localization, audio and voice over production, scoring and sound design.
ABOUT STREAMLAND MEDIA
Headquartered in Los Angeles, Streamland Media is a facility-based, tech-enabled business services firm that provides critical post-production services for leading feature film, episodic TV, interactive and gaming, and other media studios. The platform operates through four divisions with multiple locations around the world focused on complementary areas of the post-production services supply chain. The Company services a diverse set of studio relationships and related content by leveraging the unique capabilities of each division including finishing, sound design and editing, color editing, dailies and visual effect services.
ABOUT FIVE CROWNS CAPITAL
Five Crowns Capital is a private investment firm that sponsors buyouts and refinancings of lower middle market companies. Based in Newport Beach, CA, the firm looks to partner with management teams and owners in order to create catalysts for unlocking value. Our investments take the form of acquisitions of private companies, corporate divestitures, structured loans, leveraged minority recapitalizations, and special situations.