Talent Systems, LLC
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Talent Systems, LLC - overview
Established
2017
Location
Los Angeles, CA, US
Primary Industry
Software
About
Talent Systems, LLC specializes in innovative technology solutions for the casting, auditioning, and crew hiring processes within the entertainment industry, enhancing talent management for various mediums. Founded in 2017 and headquartered in Los Angeles, US, Talent Systems, LLC operates in the entertainment technology sector. The company was established by Shujah Hassan, who also serves as the CEO. Since its inception, Talent Systems has completed 3 deals, with a notable recent deal occurring on July 19, 2022.
In this transaction, RedBird Capital Partners and StepStone Group acquired a majority stake in Talent Systems from Caltius Capital Management, solidifying the company’s position in the industry. Talent Systems, LLC offers a suite of technology solutions tailored for the casting, auditioning, and crew hiring needs of the entertainment industry. Their core product, Casting Networks, is a widely-used platform by casting directors, agents, and production companies for talent management across film, television, commercials, and digital projects. The platform facilitates the entire casting process, including role postings, submissions management, audition scheduling, and video sharing.
Complementary products like Spotlight, Cast It Reach, and Casting Frontier further connect performers with casting opportunities in theatre and reality television. Talent Systems serves clients across key markets such as the US, Canada, the UK, Australia, and India, catering to thousands of casting professionals and over 2 million talent agents and performers. Talent Systems generates revenue through subscription and service fees linked to its casting software solutions. Clients, including casting directors and production companies, subscribe to platforms like Casting Networks and Cast It, enabling them to streamline their casting processes.
These B2B subscriptions involve annual or monthly fees, granting access to features such as audition management and communication tools. The extensive user base of Casting Networks creates a vibrant ecosystem for talent transactions in the entertainment industry, allowing Talent Systems to benefit from both subscription and transaction-based revenues. In August 2022, following its acquisition, Talent Systems, LLC aims to leverage new resources to enhance its technology capabilities across the casting and talent management sectors. The acquisition is a strategic move to support the company’s goal of delivering best-in-class technology solutions to casting directors, studios, and agency segments.
While specific new products are not detailed, the investment strategy suggests a focus on refining existing offerings and potentially introducing innovative solutions to the market as they continue to expand.
Current Investors
StepStone Group, RedBird Capital Partners
Primary Industry
Software
Sub Industries
Recruitment/Executive Search, HR & Workforce Software
Website
www.talentsystems.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Talent Systems, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Talent Systems, LLC | - | ||||||||
| Add-on | Completed | Staff Me Up, Inc. | - | ||||||||
| Add-on | Completed | eTribez Casting Platform | - | ||||||||
| Private Debt | Completed | Talent Systems, LLC | - | ||||||||
| Add-on | Completed | Spotlight | - |
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