Advertisement
YOU ARE HERE: LAT HomeCollectionsRizvi Traverse Management
IN THE NEWS

Rizvi Traverse Management

FEATURED ARTICLES
BUSINESS
January 10, 2011 | By Robert Channick
More than 57 years after launching Playboy from his Chicago apartment, Hugh Hefner is buying back the bunny. After six months of deliberation, an improved offer to take Playboy Enterprises private at $6.15 a share passed muster with the board, which voted Sunday to return the magazine empire to its 84-year-old founder. The bid represents an 18 percent premium over Friday's closing price and values the company at about $207 million. In July, Hefner offered $5.50 a share to take the money-losing company private.
ARTICLES BY DATE
ENTERTAINMENT
September 10, 2012 | By Joe Flint
Top television agent Bob Broder is going to work with his biggest client. Broder, a partner at ICM Partners, is going is joining producer Chuck Lorre's production company. Lorre is the creative force behind the CBS hits "Two and a Half Men," "The Big Bang Theory" and "Mike & Molly. " The move comes just a week after Lorre signed a new contract with Warner Bros. to continue developing TV shows and enter the movie business. Lorre has been associated with Warner Bros. for many years and his shows have generated hundreds of millions in rerun money for the studio.
Advertisement
ENTERTAINMENT
September 10, 2012 | By Joe Flint
Top television agent Bob Broder is going to work with his biggest client. Broder, a partner at ICM Partners, is going is joining producer Chuck Lorre's production company. Lorre is the creative force behind the CBS hits "Two and a Half Men," "The Big Bang Theory" and "Mike & Molly. " The move comes just a week after Lorre signed a new contract with Warner Bros. to continue developing TV shows and enter the movie business. Lorre has been associated with Warner Bros. for many years and his shows have generated hundreds of millions in rerun money for the studio.
BUSINESS
May 24, 2012 | By Meg James, Los Angeles Times
Top agents at International Creative Management on Wednesday completed the buyout of the agency from longtime Chairman and Chief Executive Jeff Berg and private equity firm Rizvi Traverse Management - ending a long-running management drama at one of Hollywood's leading agencies. Staff members of the 400-person firm celebrated with a champagne breakfast. Twenty-nine agents are now partners who will own and control the Century City-based firm, which has been renamed ICM Partners.
BUSINESS
May 24, 2012 | By Meg James, Los Angeles Times
Top agents at International Creative Management on Wednesday completed the buyout of the agency from longtime Chairman and Chief Executive Jeff Berg and private equity firm Rizvi Traverse Management - ending a long-running management drama at one of Hollywood's leading agencies. Staff members of the 400-person firm celebrated with a champagne breakfast. Twenty-nine agents are now partners who will own and control the Century City-based firm, which has been renamed ICM Partners.
BUSINESS
October 1, 2010 | By Dawn C. Chmielewski, Los Angeles Times
Hollywood's premier talent agency has brought in an outside investor to help finance future growth, the latest evidence of the harsh economics of the entertainment industry. TPG Group, a firm best known for its investments in Burger King, Neiman Marcus and Metro-Goldwyn-Mayer, said Friday it had bought a 35% stake in Creative Artists Agency, becoming the single largest owner of the firm that represents some of the biggest names in Hollywood, including Steven Spielberg, James Cameron, George Clooney, Will Smith, Julia Roberts and Oprah Winfrey.
ENTERTAINMENT
May 23, 2012 | By Meg James
Top agents at International Creative Management on Wednesday completed the buyout of the agency from longtime chairman and chief executive Jeff Berg and the private investment firm Rizvi Traverse Management -- ending the long-running management drama at one of Hollywood's leading talent agencies. Twenty-nine agents are now partners who will own and control the Century City-based talent agency, which has been renamed ICM Partners. Financial details were not disclosed.
BUSINESS
December 10, 2011 | By Meg James, Los Angeles Times
International Creative Management's leaders announced Friday a management buyout of the talent agency from private equity firm Rizvi Traverse Management, which acquired controlling interest six years ago. The high-stakes move is designed to give top agents at ICM, which represents such stars as Al Pacino, Jodie Foster and Ellen DeGeneres, a financial interest in the business and empower a younger generation, led by ICM's 43-year-old president, Chris...
BUSINESS
January 11, 2011 | By Dawn C. Chmielewski and Robert Channick, Los Angeles Times
More than a half-century after launching Playboy from his South Side Chicago apartment, Hugh Hefner is buying back the bunny. Hefner, 84, reached a deal to acquire the shares of Playboy Enterprises Inc. that he doesn't already own for $6.15 each ? an 18% premium over Friday's closing price. That brings the value of the company to about $207 million. "The brand resonates today as clearly as at any time in its 57-year history," Hefner said. "I believe this agreement will give us the resources and flexibility to return Playboy to its unique position and to further expand our business around the world.
BUSINESS
July 13, 2010 | By Michael Oneal
Hugh Hefner is 84, but he isn't about to go quietly into the night. Faced with a tepid stock price and growing pressure from Wall Street, Hefner startled the media world Monday by announcing a bid to reassert control over Playboy Enterprises Inc., the struggling adult publishing empire he founded in Chicago more than five decades ago. The proposed deal to buy all outstanding shares Hefner does not own would be financed by a Michigan-based private...
BUSINESS
January 10, 2011 | By Robert Channick
More than 57 years after launching Playboy from his Chicago apartment, Hugh Hefner is buying back the bunny. After six months of deliberation, an improved offer to take Playboy Enterprises private at $6.15 a share passed muster with the board, which voted Sunday to return the magazine empire to its 84-year-old founder. The bid represents an 18 percent premium over Friday's closing price and values the company at about $207 million. In July, Hefner offered $5.50 a share to take the money-losing company private.
BUSINESS
October 1, 2010 | By Dawn C. Chmielewski, Los Angeles Times
Hollywood's premier talent agency has brought in an outside investor to help finance future growth, the latest evidence of the harsh economics of the entertainment industry. TPG Group, a firm best known for its investments in Burger King, Neiman Marcus and Metro-Goldwyn-Mayer, said Friday it had bought a 35% stake in Creative Artists Agency, becoming the single largest owner of the firm that represents some of the biggest names in Hollywood, including Steven Spielberg, James Cameron, George Clooney, Will Smith, Julia Roberts and Oprah Winfrey.
ENTERTAINMENT
January 13, 2012 | By Ben Fritz, Los Angeles Times Staff Writer
Bringing Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock. The two Santa Monica-based companies have engaged in on-and-off merger talks since late 2008 as Lions Gate has sought to bolster its library of film and TV properties and Summit's investors have tried to find a way to cash in on the lightning-in-a-bottle success of its "Twilight" movie series, which has grossed $2.5 billion worldwide over four films.
BUSINESS
November 2, 2005 | Claire Hoffman, Times Staff Writer
Like any top Hollywood agent, Jeff Berg is always looking to close a deal. On Tuesday, he sealed one of the biggest of his career by enticing a little-known Connecticut financier to invest about $100 million in Berg's International Creative Management. Home to such stars as Mel Gibson, Denzel Washington and Jodie Foster, ICM is now armed with the kind of war chest needed for Hollywood's escalating agency battles.
Los Angeles Times Articles
|