Brompton Technology’s specialist technology is used to generate seamless, high-quality images across multiple large LED panels that are used as the stage backdrop for live music acts or at sporting events and are increasingly taking the place of green screens as a virtual backdrop on TV and film sets.
The investment will enable Brompton Technology to capitalise on significant growth opportunities ahead. Demand for its products is extremely high with growing markets globally.
When live events ceased during COVID-19 lockdowns, Brompton Technology rapidly pivoted its model to also focus on TV and film production and it is now the market leader in virtual production technology globally. Using LED screens to display a backdrop allows for a more immersive acting environment than a traditional green screen, delivers cost savings compared to shooting on location, reduces post-production work and allows production companies to shoot in a COVID-19-safe and environmentally conscious manner without disruption or need to travel.
A good example of this pioneering ‘virtual’ approach is the Disney+ Star Wars series ‘The Mandalorian’ and more recent spin-offs, which were filmed entirely in a studio despite featuring sweeping desert and other landscapes. Growth in this market is being fuelled by high demand for content from streaming services such as Netflix, Apple, Amazon and Disney+ as they compete for subscribers.
"BDO were instrumental in our successful growth capital fundraising for Brompton Technology. They worked with us from deal origination, through the marketing process with a number of investment houses hand-picked by the BDO team and stayed close to us throughout the due diligence and execution phases. We benefited greatly from the team's focus on growth capital deals and deep understanding of the market."
Tom Harvey, In-house General Counsel, Brompton Technology