Squirrel Media acquires BF Distribution, a distributor with a large presence in Latin America

BF Distribution, an important distributor with a relevant role in Latin America, has sold 51% of its shares to the Spanish group Squirrel Media.

Founded in Chile In 2005, the company positioned itself at the heart of the region's industry, growing with its own offices in other countries such as Peru, Argentina and Bolivia, and consolidating a network in the rest of Latin American countries with partners and/or subdistributors that have made it the main film distribution group in Latam, with more than 1,200 titles released and nearly 40 million viewers.

Renowned franchises such as The Hunger Games (Hunger Games), John Wick o Twilight (Twilight) are articulated with works of independent cinema such as Train to Busan, Wonder, The King’s Speech, Tengo Ganas de Ti, The Little Prince, Midnight in Paris, Mechanic: Resurrection, Goodnight Mommy, The Bride and more recently titles como The Father, Belle o King, among many others.

From a financial point of view, it should be noted that the company has a provisional closure for the year 2021 (with a very important COVID impact) of some 3.98 million euros of turnover (including all monetary corrections) and 1.02 million euros of net profit (25% of turnover). The BF group is acquired with the permanence of the entire organizational chart and management team.

An international leap

Addressing the issues from the industrial prism and always from the vision of the Spanish media group, the acquisition of BF Distribution converts to Squirrel Media in the “first film distribution group in Latin America” and with a presence in the United States. In this way, the company continues with its international expansion process undertaken in its content area, with the aim of increasing and strengthening its presence with its own structures in the rest of the countries of the American continent. On the other hand, the firm begins the second phase of scalability of its business by anglo-saxon market, to become a content generator and distributor with a full international presence.

Squirrel Media has also reported that he is currently in negotiations with third parties for the integration of other companies with similar characteristics. Consequently and to avoid interference in these negotiations, the company has decided not to provide the amount of the reported transaction.

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