Wednesday, February 3, 2016
Final Draft Acquired By Cast & Crew Entertainment
Calabasas-based software developer Final Draft, which develops screenwriting software, has been acquired by Burbank-based Cast & Crew Entertainment Services. Financial terms of the acquisition were not announced. Cast & Crew said the buy will help expand its suite of technology solutions. The acquisition was supported by private equity investor Silver Lake Partners, which is the majority owner of Cast & Crew. Final Draft was founded by Marc Madnick and Ben Cahan in 1986, after Madnick--at the time, an aspiring screenwriter--found the process cumbersome and difficult. Cast & Crew was advised by Kirkland & Ellis LLP in the deal; Final Draft was represented by MediaBridge Capital Advisors.