×

Cannes: BondIt Invests in ABS Entertainment Payroll and Production Accounting (EXCLUSIVE)

Entertainment finance firm BondIt Media Capital has finalized a strategic investment into ABS Entertainment Payroll & Production Accounting Services, Variety has learned exclusively.

The deal was announced Saturday at the Cannes Film Festival, where BondIt’s projects include Rob Reiner’s “Shock and Awe,” being sold by Voltage; “Finding Steve McQueen,” starring Travis Fimmel and Forest Whitaker, being sold by Ambi; and “All The Devil’s Men,” starring Milo Gibson and Sylvia Hoeks being sold by GFM.

The alliance will allow for expansion of the firms’ joint services. ABS Payroll services up to 700 entertainment productions annually within the independent film community. BondIt and ABS will join forces to offer entertainment productions a one-stop-solution from payroll through senior financing. Kris King will take over as president of the ABS Payroll division running the daily operations.

“BondIt is thrilled to join forces with ABS given the incredible track record the team has established,” said BondIt CEO and co-founder Matthew Helderman. “As producers, our team knows the value of offering a single solution for production needs and with our newly combined efforts focused on the clients needs we look forward to the next chapter for our newly joint firm.”

ABS founder and CEO Kevin King said, “We are very pleased to join forces with BondIt Media Capital. This alliance will allow our companies to deliver a true one-stop solution for filmmakers. At ABS, we have been serving the independent filmmaking community for over 30 year. With our joint efforts, we will continue to provide the quality customer service that we are known for. We are extremely proud to be associated with such a fine firm.”

Popular on Variety

More Film

  • Samuel-W.-Gelfman

    Samuel Gelfman, Roger Corman Film Producer, Dies at 88

    Samuel Gelfman, a New York producer known for his work on Roger Corman’s “Caged Heat,” “Cockfighter” and “Cannonball!,” died Thursday morning at UCLA Hospital in Westwood following complications from heart and respiratory disease, his son Peter Gelfman confirmed. He was 88. Gelfman was born in Brooklyn, New York and was raised in Caldwell New Jersey [...]

  • Margot Robbie stars in ONCE UPON

    Box Office: 'Once Upon a Time in Hollywood' Pulls Ahead of 'Hobbs & Shaw' Overseas

    Sony’s “Once Upon a Time in Hollywood” might not have hit No. 1 in North America, but Quentin Tarantino’s latest film is leading the way at the international box office, where it collected $53.7 million from 46 markets. That marks the best foreign opening of Tarantino’s career, coming in ahead of 2012’s “Django Unchained.” “Once [...]

  • Good Boys Movie

    Box Office: 'Good Boys' Leads Crowded Weekend With $21 Million

    The Bean Bag Boys, the self-appointed nickname for the trio of best friends in Universal’s “Good Boys,” are conquering much more than sixth grade. They are also leading the domestic box office, exceeding expectations and collecting $21 million on opening weekend. “Good Boys,” which screened at 3,204 North American theaters, is a much-needed win for [...]

  • Amanda Awards

    ‘Out Stealing Horses’ Tops Norway’s 2019 Amanda Awards

    HAUGESUND, Norway —  Hans Petter Moland’s sweeping literary adaptation “Out Stealing Horses” put in a dominant showing at Norway’s Amanda Awards on Saturday night, placing first with a collected five awards, including best Norwegian film. Celebrating its 35th edition this year, the Norwegian industry’s top film prize helped kick off the Haugesund Film Festival and [...]

  • Editorial use onlyMandatory Credit: Photo by

    Richard Williams, 'Who Framed Roger Rabbit' Animator, Dies at 86

    Renowned animator Richard Williams, best known for his work on “Who Framed Roger Rabbit,” died Friday at his home in Bristol, England, Variety has confirmed. He was 86. Williams was a distinguished animator, director, producer, author and teacher whose work has garnered three Oscars and three BAFTA Awards. In addition to his groundbreaking work as [...]

  • Instinct

    Locarno Film Review: 'Instinct'

    Now that “Game of Thrones” has finally reached its conclusion, releasing its gifted international ensemble into the casting wilds, will Hollywood remember just what it has in Carice van Houten? It’s not that the statuesque Dutch thesp hasn’t been consistently employed since her startling 2006 breakout in Paul Verhoeven’s “Black Book,” or even that she’s [...]

  • Good Boys Movie

    Box Office: 'Good Boys' Eyes Best Original Comedy Opening of 2019

    Universal’s “Good Boys” is surpassing expectations as it heads toward an estimated $20.8 million opening weekend at the domestic box office following $8.3 million in Friday ticket sales. That’s well above earlier estimates which placed the film in the $12 million to $15 million range, marking the first R-rated comedy to open at No. 1 [...]

More From Our Brands

Access exclusive content