Website Closers® presents a Video Production Studio with cutting-edge technology tailored for live and hybrid video content. The company’s reputation has been built within the sports, entertainment, and events industries, among clients eagerly taking advantage of their live remote integration (REMI) productions, which account for 65-70% of their business.
Operating profitably in the Sports News & Entertainment vertical, the company has been particularly popular with major sports leagues, gaming, and esports entities signing up for long-term contracts giving them access to the company’s services, including their Remote Integration Productions that cover live events. What the company provides is truly state-of-the-art, a key to the rapid growth of their client base.
This acquisition includes the company’s extensively trained and professional personnel and the studio that includes two sound stages (including one with LED immersive floors and walks), a podcast soundstage, and control rooms and editing suites. The studio maintains a well-earned reputation for providing turnkey solutions that have brought them steady demand as a live entertainment provider.
Their contracts range from $5K for a single-day event to as high as $50,000-$75,000 for larger REMI productions. Most clients stay long-term, and their revenue business model is ideal for future growth since the contracts are one-time agreements that can easily be expanded by offering additional services or entering into strategic long-term partnerships.
The current owner has an experienced team in place that includes six full-time and one part-time employee who have helped give this company its reputation for excellence. While it would be helpful for the new owner to have a background in studio productions, this team is ready to make this transition a smooth and profitable one.
Marketing remains a significant opportunity for the new owner to scale this operation. The company has relied on both social media marketing that generates organic traffic to their website and word-of-mouth referrals from satisfied clients. A strategic investor could use well-established digital marketing tools such as PPC ads, email marketing, and partnerships with influencers to expand the company’s digital footprint and generate higher growth levels.
Business Broker Takeaway
Our analysis of this business shows that the value propositions present are strong for a first-time buyer looking to get into the online space. We are excited about this business for 3 important reasons:
1. Ready To Use Operations. With their state-of-the-art production studio meeting the needs of a rapidly expanding live remote production market, no special setup is needed to maintain this 16,000-square-foot production facility, which includes high-tech features such as 4K-capable control rooms. Ready-made and revenue-generating, a buyer takes on a cost-effective location offering plenty of advantages over more expensive East and West Coast production hubs. With their advanced technological productions and reputation for reliable service, this has become a recession-resistant business for a buyer at a time when demand for video production services are growing rapidly.
2. Growth Potential. This is a unique opportunity to invest in a leading production studio and its considerable growth potential. The new owner could scale this studio by providing original programming, marketing online seminars on corporate training, and doing video podcast productions. The current owner is prepared to ensure a smooth transition, providing the necessary training and support to help the studio become even more profitable. Since the company has relied on referrals from existing clients, new targeted marketing strategies are likely to provide a significant boost in sales as well.
3. Client Acquisition. The business continues to attract a diverse group of new clients which include organizers of corporate events, sports leagues, esports agencies, gaming facilities, and entertainment companies. It’s notable that word-of-mouth referrals remain a key part of their marketing strategy, while it also speaks to their proven track record with existing clients and enhanced reputation for the high-quality production capabilities. Their high-value contracts also demonstrate that clients are eager to return for additional services and video productions being provided at competitive pricing.
Conclusion
Launched in 2021, the studios were created as a brick-and-mortar business to help facilitate the company’s Networks that provide live internet protocol transmissions and productions. Their Live Remote Integration productions for sports and live events quickly became this company’s top revenue generator. The company now has 50 clients for its networks, compared to 20 a year ago.
The studio is expertly managed by a team that includes a senior engineer, broadcast engineer, coordinator of studio marketing, LED wall operator, and two lead salespeople. A part-time employee handles client services.
With a growing need for hybrid event solutions and the company’s track record at expert remote production, this is the ideal well-established platform for a buyer looking for a cutting-edge business that is both profitable and ready to be scaled.
This Company is Represented by:
Website Closers
Technology Business Brokers
WC 3582