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Thursday, Feb 22, 2024

Cast & Crew Acquires Payroll Firm

Entertainment accounting firm Cast & Crew announced Friday an agreement to acquire Media Services, a production payroll and management company for the entertainment industry. Financial terms of the deal between Cast & Crew, in Burbank, and Media Services, in Los Angeles, were not disclosed. Media Services, which offers similar services to Cast & Crew, will continue to operate as a separate company. It is the second acquisition by Cast & Crew since its purchase by an equity investment fund of EQT Group AB, in Stockholm, in December 2018. Cast & Crew Chief Executive Eric Belcher said that Media Services was a great fit for the company. As a combined company, existing clients will benefit from the experience, products, and services that each company has honed over the past several decades, he added. “We are well-aligned in our shared values, complementary strategies, compatible technology portfolios and consistent corporate cultures,” Belcher said in a statement. EQT Partner Kasper Knokgaard said the firm was pleased to see the expansion and diversification of the Cast & Crew portfolio. “The addition of a strong brand like Media Services will add to Cast & Crew’s solid platform and help to enhance and expand the scope of the products and services that we collectively offer to our clients,” Knokgaard said in a statement.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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