Monday, August 22, 2016
Cast & Crew Completes Caps Payroll Buy
Burbank-based Cast & Crew Entertainment Services, the provider of technology and payroll, and production management services for the entertainment industry, said on Monday that it has completed its acquisition of Culver City-based CAPS Payroll. Financial details of the acquisition--which had originally been announced in June--have not been announced. The acquisition was funded by Cast & Crew's controlling shareholder, technology investing and private equity firm Silver Lake. Both Cast & Crew and CAPS Payroll are focused on applying technology to the payroll market, specifically for commercial production, venues, music tours, live events, unscripted television and independent film.