French billionaire Francois-Henri Pinault has completed his acquisition of a majority stake in Creative Artists Agency. Through his family investment company Artemis, Pinault replaces private equit…
French billionaire Francois-Henri Pinault has completed his acquisition of a majority stake in Creative Artists Agency. Through his family investment company Artemis, Pinault replaces private equity player TPG as the primary holder of one of Hollywood’s superpower talent agencies.
The agency’s ruling triumvirate of Bryan Lourd, Kevin Huvane and Richard Lovett have all committed to remaining in leadership, though terms were not immediately disclosed, a formal announcement on Thursday said. Lourd will be named CEO after the Artemis transaction closes, a timeline for which was not specified. Jim Burtson, who led the CAA deal team, will remain President of CAA.
“Artémis is a strategic investor of the highest order, with global reach and resources across countless areas of our clients’ interests, a deeply sophisticated understanding of global brands and how to support their growth, and a passion for creativity and innovation that matches ours and that of our clients,” Lourd, Lovett, Huvane and Burtson said in a joint statement that praised Pinault and his team leads Héloïse Temple-Boyer and Alban Greget.
Rumors of the stake sale sparked earlier this year with talks formally heating up in mid-July. Singapore-based investment firm Temasek will remain a minority investor in CAA. CMC Capital remains a CAA strategic partner.“a privilege to partner with CAA during one of the most exciting periods of innovation and transformation across the media and entertainment industry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia launching moon rover on NASA Artemis mission as soon as 2026And you can take a crack at naming the spacecraft — if you're an Australian resident.
Read more »
ECB’s Villeroy: Interest rates are near peak, options open for next meetingsEuropean Central Bank's (ECB) Governing Council member Francois Villeroy de Galhau reiterated on Wednesday, “our options are open at the next and the
Read more »
MSNBC host praises trans sorority member accused of 'peeping,' 'threatening' behavior a 'very brave woman'MSNBC's Yasmin Vossoughian praised a transgender student, Artemis Langford, who is accused of making girls uncomfortable in a sorority, for being a 'brave woman.'
Read more »
The Wheel Of Time Season 2 Changes A Major Book Romance With Elayne's IntroductionHow Elayne was finally brought on board in Wheel of Time season 2 is sure to have a massive impact on one of the most important romances in the books.
Read more »
2024 Tesla Model 3 First Drive Review: Minor Updates, Major ImprovementsThe 2024 Tesla Model 3 gets a relatively minor makeover that makes all the difference.
Read more »
2024 Tesla Model 3 First Drive Review: Minor Updates, Major ImprovementsThe 2024 Tesla Model 3 gets a relatively minor makeover that makes all the difference.
Read more »