Karen Cunningham, founder of Pink Films and John Golley, former BBC/Red Bee Producer, have teamed up to create a new London-based production company officially called the Spank Corporation. ... Zoic Studios executive producer Elexis Stearn is splitting from production partner Steven Schofield, both of whom comprised the duo of Lex & Schof, to start her own independent rep firm back east, though she will take on Zoic as her inaugural client. ... Craig Ferrence, formerly of Ground Zero, Los Angeles, joined Olson, Minneapolis as an art director. ... Kelliher Samets Volk welcomed Peter Valle as senior copywriter. ... Peter Kingsford joined Northeast branding agency Forge Worldwide as creative director. ... Charlotte-based full-service firm Walker Marketing hired Jason Ferster as a copywriter. ... New York-based NOMADpost and editorial firm earth2mars announced the expansion of its joint facility with the addition of mixer/sound designer James Twomey and sound designer/composer Mike Levesque. ... New York creative services agency Blue Room added senior designer Chieh Yen to its roster. Yen arrives after a senior designer stint at post facility mad.house, NYC. ... VFX boutique Red Magnet launched in Venice, CA and will be headed by Shira Boardman, former executive producer at Sway Studio. ... Independent agency Barkley acquired Pennsylvania-based interactive firm Ripple Effects, and will now operate under the name BarkleyREI.