×
You will be redirected back to your article in seconds

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.”

More Film

  • Noah CentineoNickelodeon Kids' Choice Awards, Show,

    Kids’ Choice Awards 2019: JoJo Siwa, Noah Centineo Take on Bullying

    This year’s Nickelodeon Kids’ Choice Awards was full of positivity and encouragement to be yourself. DJ Khaled, known for his upbeat mantras, hosted the 32nd annual awards ceremony alongside JoJo Siwa at USC’s Galen center. Siwa accepted the award for favorite social music star. Siwa said in her acceptance speech, “I get hated on every [...]

  • Us Scriptwriter and Film-maker Larry Cohen

    Larry Cohen, Cult Horror Writer-Director of 'It's Alive,' Dies at 77

    Larry Cohen, best known for his work as a B-movie producer and director in the ’70s and his later work in screenwriting, has died. He was 77. Cohen’s friend, actor and publicist Shade Rupe, confirmed the news, which was announced in a post to Cohen’s official Facebook page. Rupe said Cohen died in Los Angeles [...]

  • Captain Marvel

    Box Office: 'Captain Marvel' Shatters $900 Million Milestone

    Brie Larson’s “Captain Marvel” continues to do heroic business. In its latest box office milestone, the female-fronted superhero tentpole zoomed past $900 million in ticket sales worldwide. “Captain Marvel” brought in a mighty $87 million globally this weekend, including $52 million from international territories. It has now generated $589 million overseas for a global haul [...]

  • Us - Lupita Nyong’o - cr:

    Box Office: Jordan Peele's 'Us' Stuns With $70 Million Opening Weekend

    Talk about scary good. Universal’s “Us,” the second directorial effort from Jordan Peele, pulled off a stunning debut, generating $70 million from 3,741 North American locations. That haul is enough to land it the second-best opening weekend of the year behind Disney’s “Captain Marvel” ($153 million). The psychological thriller about a family confronted by a [...]

  • SHAZAM

    Film Review: 'Shazam!'

    In “Shazam!,” Zachary Levi brings off something so winning it’s irresistible. He plays a square-jawed, rippling-muscled man of might, with a cheesy Day-Glo lighting bolt affixed to his chest, who projects an insanely wholesome and old-fashioned idea of what a superhero can be. But he’s also playing a breathless teenage kid on the inside, and [...]

More From Our Brands

Access exclusive content