Entertainment Partners, a payroll and software company for the entertainment industry, plans to permanently lay off 82 employees by the end of September, the company said in a filing last month with the California Employment Development Department.
Burbank-based Entertainment Partners has more than 200 employees. The layoffs include three executives, and numerous payroll managers and analysts.
The move comes after TPG Capital, a Texas-based private equity firm, bought Entertainment Partners in March.
Ron Cogan, a vice president in charge of communications with Entertainment Partners, declined to comment.
Entertainment Partners, which contracts with studios and production companies, competes in a small field of players in a payment processing industry undergoing consolidation.
On Aug. 6, Los Angeles-based City National Bank purchased FilmTrack Inc., a Studio City-based company that handles payments, contracts and a range of other financial transactions for the entertainment and media industries. FilmTrack’s software platform calculates, tracks and analyzes distribution revenue and participation payments from media properties such as films and television shows.
Last year City National purchased Exactuals, a Westwood-based provider of software that helps with complex royalty payments.