Cast & Crew, which provides payroll and human resources, accounting and financial, and workflow and productivity software and services to the entertainment industry, has signed a definitive agreement to purchase Media Services, a payroll and production management solutions company servicing film, television, digital streaming and commercials.
Terms of the transaction were not disclosed.
Media Services has been providing payroll and production management solutions to the entertainment industry for more than 40 years. Its software offerings include digital payroll tools, accounting solutions, and its flagship Showbiz suite of products.
The company is based in Los Angeles, and maintains a regional office in New York.
Media Services will continue to operate as a distinct brand under the leadership of CEO Barry Oberman, who will report directly to Cast & Crew CEO Eric Belcher. “We are thrilled to join Cast & Crew and its family of well-recognized brands, to continue building on those solutions for a growing variety of markets together,” Oberman said. “Cast & Crew is committed to top technologies with client-forward service, making this an ideal alignment for us. We look forward to integrating with their team.”
Cast & Crew was supported in this transaction by EQT, its parent company.
Cast & Crew was represented by the law firm of Latham & Watkins, LLP and Media Services was represented by the law firm of Sheppard Mullin LLP.
Moelis & Company LLC acted as exclusive financial adviser to Media Services.