Bison Entertainment Takes a $17 Million Stake in Ease Entertainment
Ease will introduce its next generation of production management services on Nov. 5
Ease Entertainment, which provides payroll and software services for the entertainment industry, has secured a $17 million investment from Santa Monica-based Bison Capital Partners IV.
Ease, which provides an all-in-one production management platform for the industry, will debut its next generation of services at a viewing party and launch event at the SLS Hotel in Beverly Hills on Nov. 5. The new tools and technologies include the Digital Start Packets system, Automated Time Cards and its Closed-Loop Security suite of tools, which provide control over the distribution of sensitive production information, including scripts.
Bison Capital, which has taken a minority stake in Ease, is a Los Angeles- and New York- based firm that makes growth capital investments in middle-market companies, public or private, for expansion, acquisitions and balance-sheet recapitalizations.
"While the medium for film and television has gone digital, the process for making film and television projects remains manually intensive and paper-based, and doesn't leverage technology," Ease founder and CEO Mike Rose said. "Our strategy is rooted in leveraging tomorrow's technology to create solutions that automate many of the administrative tasks that bog down producers. This allows them to spend more time on the creative process."
"With its compelling technology and high-quality services, we believe Ease is uniquely positioned to modernize the production process for its entertainment customers. We are very excited to partner with Mike Rose and his management team as Ease pursues its growth objectives," Doug Trussler, a partner at Bison Capital, said.