Phantom Digital Effects Ltd Set to Acquire Award-Winning VFX Studios Milk and Lola Post
The Acquisition Will Bolster the Group’s Existing Brand Portfolio Which Already Includes PhantomFX, Spectre Post and Tippett Studio.
Phantom Digital Effects Limited, the parent company of VFX studios PhantomFX, Spectre Post and Tippett Studio, announced today that it has entered into an agreement in principle to acquire Milk and Lola Post, award-winning European visual effects studios specialising in high-end episodic and feature film content.
With offices across Europe - in London, Barcelona, Bordeaux and Dublin - Milk (founded in 2013 by award-winning VFX Supervisors Sara Bennett, Neil Roche and Jean-Claude Deguara) specialises in crafting innovative visual effects for high-end episodic television and feature films, while Lola Post (founded in 2000 by award-winning VFX Supervisor Rob Harvey) focuses on documentary, specialist factual, and original drama. Both studios have received multiple accolades for their work, including an Academy Award for Best Visual Effects for Ex Machina, four BAFTA TV Craft Awards for Troy: Fall of a City and the BBC dramas Jonathan Strange & Mr Norrell and Doctor Who, and a Creative Arts Emmy Award for Sherlock.
Following the acquisition, the studios will continue to operate under the Milk and Lola Post names. Chris Burn will remain Group Managing Director, Sara Bennett, Neil Roche and Jean-Claude Deguara will maintain their positions as Chief Creative Officer, Deputy Chief Creative Officer and Production VFX Supervisor respectively at Milk, and Rob Harvey as Creative Director of Lola.
The addition of Milk and Lola Post will bolster Phantom Digital Effects Ltd’s existing brand portfolio and award-winning offering, and continues to cement the Group’s position as a global creative partner of choice for the entertainment industry across key markets, including APAC, Europe and North America. It follows several key milestones in the Group’s journey, including the addition of Tippett Studio and the launch of Spectre Post in 2024, and the recent establishment of Phantom China earlier this year.
“We are excited to join forces with the talented teams at Phantom group,” said Chris Burn, Group Managing Director of Milk and Lola Post. “For over a decade, Milk has delivered award-winning VFX, earning a reputation for both creative vision and technical excellence. This year, Lola celebrates its 25th anniversary, a significant milestone that reflects its enduring contribution to the industry and its deep commitment to partnering with filmmakers and showrunners who value collaboration and creative support. This next chapter will allow us to scale our creative ambition, extend our global reach, and continue delivering outstanding VFX to our clients.”
“Milk and Lola Post's strong pedigree of award-winning work, strategic locations across Europe and innovative spirit, further ensures Phantom’s global reach in producing the very best work and excellence in customer experience,” said Ian Unterreiner, Executive Vice President of Phantom Digital Effects Ltd. ”The advantages this group brings to bear in terms of superior creative, competitive value and overall sustainability are powerful assets in the marketplace.”
“I’m thrilled to welcome Milk and Lola into the Phantom group. Their proven creative excellence and distinctive storytelling further strengthen our position as a leading force in the industry,” said Bejoy Arputharaj, CEO and Founder of Phantom Digital Effects Ltd. “This strategic move deepens the integration of our studio ecosystem and reinforces our commitment to supporting filmmakers, content creators and production companies around the world as a trusted partner in delivering high-quality visual storytelling.”
Current and upcoming projects across the Phantom group include The Mandalorian and Grogu (Tippett Studio - Disney), The Toxic Avenger (Tippett Studio - Legendary, Cineverse), The Revolutionaries (PhantomFX - Prime), The Witcher Season 4 (Milk - Netflix), Surviving Earth (Milk - NBC) and Good Omens Season 3 (Milk - Prime). Most recently, the Group’s work was featured in high-profile ventures including Ironheart (Tippett Studio - Disney+), Heads of State (Milk - Prime), Walking with Dinosaurs (Lola Post - BBC/PBS), Creation of the Gods II: Demon Force (Tippett Studio & PhantomFX - Alibaba Pictures Group), Star Wars: Skeleton Crew (Tippett Studio - Disney+), Citadel: Honey Bunny (PhantomFX - Prime), Alien: Romulus (Tippett Studio - Disney), IC814 (PhantomFX - Netflix), Scoop (Milk - Netflix), The Rig (Lola Post - Prime), Meg 2: The Trench (Milk - Warner Bros.).
About Phantom Digital Effects Limited
Phantom Digital Effects Limited (NSE: PHANTOMFX) is a publicly listed global VFX services provider, operating across India, the United States, Canada and China. Its current portfolio includes PhantomFX, Spectre Post and Tippett Studio. The company offers end‑to‑end production services for feature films, episodic series, immersive media and advertising, powered by AI tools, real-time pipelines and unmatched creative leadership.
About Milk
Milk is an Oscar, BAFTA, and Emmy Award-winning visual effects studio founded by artists and driven by a passion for visual storytelling. Since 2013, Milk has earned a global reputation for delivering high-end VFX across film and episodic projects - combining creative ambition with technical expertise. With credits including Good Omens, Fantastic Beasts, The Martian, and The Witcher, Milk specializes in visually ambitious work, from expansive environments to photoreal characters and creatures. The studio’s work has earned multiple BAFTA Television Craft Awards, an Emmy for Sherlock, and an Oscar for Ex Machina, awarded to co-founder Sara Bennett, the first woman in 20 years to win in the VFX category. Milk is powered by exceptional talent and driven by innovation, collaborating closely with filmmakers to bring their creative visions to life.
About Lola Post
Lola is a London-based VFX studio with 25 years of experience in high-end television, documentary, specialist factual, and original drama. Founded by Academy Award–winning VFX Supervisor Rob Harvey (Gladiator, The Planets, Britannia), we’re a creative studio known for our creative agility, hands-on approach, and deep understanding of story. We create visual effects that support and elevate the narrative, from invisible enhancements to photoreal environments and naturalistic FX. Every project is shaped through close collaboration, built on trust, and tailored to serve the filmmaker’s vision. Renowned for inventive thinking, adaptability, and precision, we bring together artistry and craft to deliver compelling VFX, from the first spark to the final frame.