OV Entertainment Group, a newly formed UK-based global multimedia
entertainment company, encompassing games, film/TV, and advertising
industries, has finalized two strategic acquisitions in Latin
America and Europe. The company has emerged as a significant player
in the global cross-media market with its recent purchase of Brazil
and Portugal-based Kokku, a leading AAA co-development studio, and
3OGS, a highly experienced tech and tools studio based in
Argentina.
Expanding Our Horizons: Strategic
Acquisitions in Latin America and Europe
Kokku, boasting a workforce of over 170 highly
talented individuals and offices in Brazil and Portugal, has become
a flagship addition to OV Entertainment’s portfolio. In a notable
move, Thiago de Freitas, the CEO and founder of Kokku, has assumed
the role of OV Entertainment Group CEO following the acquisition.
This strategic decision leverages de Freitas' extensive experience
and expertise in the entertainment industry and IP creation,
positioning OV Entertainment for significant global growth.
The second acquisition, 3OGS, located in Cordoba,
is an Argentinian premier tools and tech company known for its
high-end engineering and programming services for the video games
and broader entertainment industries. 3OGS serves a global
clientele with top-tier gaming solutions for consoles, PCs, and
mobile, providing porting, engine optimization, bug fixing,
proprietary engine updates, continued development, R&D, tools,
and much more. The acquisition of 3OGS underscores OV
Entertainment’s commitment to pushing the boundaries of technology
and diversifying its offerings while expanding its presence in the
Latin American landscape.
A Unified Vision: Leadership and Strategic
Direction
OV Entertainment has expressed a broader strategic
vision beyond the gaming sector. De Freitas stated, "This movement
marks the inaugural step in our bold strategy to unify the
entertainment industry with cutting-edge technology, AAA talent,
and cross-media expertise. Together, we are building a cross-media
company focused on strong brands, organic growth, and
profitability. By leveraging the combined expertise of our teams,
we are pushing the boundaries of the entertainment industry further
than ever before. This encompasses games, films/TV, advertising,
and tech and tools, all under one roof, thereby mitigating the
risks associated with working in a single industry.
Thiago de Freitas, OV Entertainment Group CEO
We are positioning ourselves to be at the
forefront of an entertainment industry that continues to blur the
lines between games, film, and television, providing deeper
experiences and attracting more diverse audiences worldwide. Our
enhanced capabilities will allow us to develop and monetize strong
IPs across multiple platforms and entertainment mediums. We are
thrilled about the vast opportunities and we are eager to set new
benchmarks in the entertainment industry. Together, we are not just
adapting to the future of entertainment—we are actively shaping
it.”
Voices from Our New Family
Members
“By joining OV Entertainment Group, we believe
that Kokku’s opportunities in the long term to work on more
innovative and larger cross-media projects will increase
exponentially,” said Kokku’s studio head, Ricardo Flores. “We have
seen the convergence of games, film/TV, and advertising for quite
some time and now we will be able to fully immerse ourselves
through this partnership.”
Mauricio Navajas, Co-founder and CEO of 3OGS
continued, “Through OV Entertainment, we feel our opportunities to
grow, evolve, and innovate will expand greatly. We are already
working on new and exciting projects and getting ready to create
technology not only for the video games industry but also for film,
TV, and more.”
Future Prospects and Leadership
Expansion
Both Kokku Games and 3OGS are poised for
substantial growth, with plans to double their output in 2024. OV
Entertainment, known for celebrating founders and its commitment to
fostering a supportive environment, is enthusiastic about providing
the necessary expertise to facilitate the success of these
acquisitions in the dynamic and challenging entertainment
industry.
In line with its expansion strategy, OV
Entertainment has bolstered its leadership team with industry
veterans with significant operational expertise. Christopher
Bergstresser, a former executive at Sega, MTG, EG7, and Miniclip,
assumes the role of Chief Strategy Officer (CSO), and Oliver Kern,
a former executive at Jagex and Lockwood, steps in as Chief
Operating Officer (COO). These seasoned professionals are expected
to play a crucial role in guiding OV Entertainment through its
growth plans.
Looking Ahead: Strategic Expansion
Plans
Looking ahead, OV Entertainment has ambitious
plans for 2024, aiming to make two other strategic acquisitions.
The company's commitment to strategic expansion positions it as a
key player in the global entertainment industry, ready to explore
new opportunities and provide comprehensive support to production
companies across various sectors.
For more information about OV Entertainment Group
and its new acquisitions, please visit
www.oventertainment.group.
A press kit for OV Entertainment Group can be
found here:
https://uberstrategist.link/OV-Entertainment-Press-Kit
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/73b7f0d2-bb02-479d-921c-89ee63165797
About OV Entertainment Group: OV
Entertainment Group employs a bold strategy to unify the
entertainment industry through strong entrepreneurs and founders,
cutting-edge technology, AAA talent, and cross-media expertise. The
company is building a cross-media enterprise focused on strong
brands, organic growth, and profitability. By leveraging the
combined expertise of their teams, OV Entertainment is pushing the
boundaries of the Entertainment Industry further than ever before.
Their strategy encompasses Games, Films/TV, Advertising, and Tech
& Tools, all under one roof.
About Kokku Kokku stands as a
premier provider of end-to-end creative development and
Co-Development for AAA/AA projects, boasting a strong presence with
offices in Europe and LatAm. Renowned for its collaborative
approach, the company specializes in delivering a diverse array of
AAA/AA titles across platforms like Consoles, PC, and Mobile. Their
esteemed partners include industry giants such as Activision,
Guerrilla Games, Codemasters, Electronic Arts, Paradox Interactive,
Samsung, Netflix, and many more.
About 3OGS 3OGS is an Argentinian
premier Tools & Tech Company, known for its high-end
engineering and programming services for the Video Games Industry.
Operating with high EBITDA margins, 3OGS serves a global clientele
with top-tier gaming solutions for Consoles, PC, and Mobile,
providing Porting, Engine Optimization, Bug Fixing, Proprietary
Engine Updates and Continued Development, R&D, Tools, and much
more.
PRESS CONTACT Brett Buren and CJ
Melendez ÜberStrategist Inc. pr@uberstrategist.com
1-646-844-8388