CAA’s New Billionaire Owner and the (Over)Value of Talent Agencies

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 11 September 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Bloomberg’s Lucas Shaw to discuss the world of talent representation’s transformation over the past few years and particularly during the strikes. They discuss majority owner TPG selling its stake in CAA to French billionaire François-Henri Pinault for $7 billion, why he made this deal, what it means for CAA, and the talent representation industry at large. Matt finishes the show with a prediction about Charter’s new deal with ESPN. For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! [email protected] Host: Matt Belloni Guest: Lucas Shaw Producer: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:13.8	This episode is brought to you by LinkedIn.
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0:59.0	It is Monday, September 11th.
1:01.7	Like everything else in Hollywood, the world of talent representation is in a moment of transformation.
1:07.4	One of the big four agencies, CIA, home of everyone from Merrill Streep to Jenna Ortega to
1:12.7	Ryan Murphy, bought another agency last year, ICM partners, which had Shonda Rhymes, Chris Rock,
1:18.5	Bill Lawrence, Ted Lassau producer.
1:21.1	UTA, which has stars like Chris Pratt and Mike Schur, the producer.
1:24.7	They're now the third largest and they got a big private equity investment last year.
1:28.8	An Ari Emanuel's agency, William Morris Endeavor, is now a unit within Endeavor, which is publicly traded.
1:34.4	It's worth about $10 or $11 billion.
	...

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