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City National Bank acquires FilmTrack

Los Angeles-based City National Bank acquired FilmTrack Inc., an intellectual property rights solutions provider founded in 1996.

Terms of the deal were not disclosed.

Jason Kassin, co-founder and CEO of FilmTrack, and the firm's other executives are being retained with multiyear contracts.

The acquisition will allow FilmTrack to expand and accelerate the development of its platform, creating additional functionality around film and television finance.

Wachtell Lipton Rosen & Katz acted as legal counsel for City National Bank, and MediaBridge Capital Advisors and Paul Hastings LLP represented FilmTrack.