reach4entertainment enterprises plc (AIM:R4E) signed an agreement to acquire 50% stake in Buzz 16 Productions Limited from Gary Neville and Scott Melvin on January 30, 2019. The total consideration for the shareholding will be satisfied through reach4entertainment’s existing cash resources. Gary, Scott and the Buzz 16 team will continue to develop cross-platform original content but will further expand Buzz 16's offering by partnering with reach4entertainment and its management team to diversify into new marketing-focused verticals. Chief Executive Officer of reach4entertainment, Marc Boyan will join Gary & Scott as Directors of the Buzz 16 and will take an active role in building out combined capabilities. The Board expects the acquisition to be earnings accretive in 2019. Philip Secrett, Jen Clarke and Seamus Fricker of Grant Thornton Corporate Finance acted as nominated financial advisors for reach4entertainment. James Serjeant and David Poutney of Dowgate Capital acted as brokers for reach4entertainment. The board of reach4entertainment now expects full year profit for 2019 to be ahead of expectations.