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Talent Agencies

BUSINESS
June 16, 2010 | By Dawn C. Chmielewski, Los Angeles Times
A partner at Creative Artists Agency publicly acknowledged Tuesday that the entertainment and sports powerhouse has been in discussions with private equity funds about an investment in the firm. In remarks made during the Financial Times' Business of Luxury Summit in Beverly Hills, one of CAA's managing partners, Bryan Lourd, confirmed published reports that the agency was meeting with outside firms, which he declined to identify. According to the New York Times, the agency is in discussions with private-equity and buyout giant Kohlberg Kravis Roberts & Co. and investment firm TPG Capital.
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CALIFORNIA | LOCAL
April 14, 2010 | By Molly Hennessy-Fiske
An advocacy group that has been demanding greater government protections for adult film performers plans to file a complaint Thursday with state regulators against nine Los Angeles-area porn talent agencies.
CALIFORNIA | LOCAL
March 30, 2010 | By Valerie J. Nelson
Michael S. Rosenfeld, a talent agent and producer who was one of the founding partners of Creative Artists Agency, has died. He was 75. Rosenfeld died Thursday of respiratory failure at Santa Monica UCLA Medical Center after a long illness, the agency announced. "He enjoyed an exemplary career as a talent agent," the agency said in a statement. "He played an important role in the growth and success of CAA, and prided himself on starting the agency's literary department." In 1975, Rosenfeld and four other successful middle-management executives with the William Morris Agency left to form Creative Artists Agency, which would become a talent agency powerhouse.
BUSINESS
February 6, 2010 | By Adam Tschorn
Fashion's symbiotic relationship with the entertainment industry came into a little clearer focus this week with the announcement that Star Avenue Capital had acquired a majority interest in Los Angeles jeans maker J Brand. Star, based in Century City, is part of a partnership that includes New York private equity firm Irving Place Capital and Century City talent agency powerhouse Creative Artists Agency. This is the first deal for Star, which was founded last year. Star will be able to provide resources to help the 5-year-old denim company grow.
BUSINESS
January 23, 2010 | By Richard Verrier
A long and winding legal battle that raised uncomfortable questions about Hollywood's treatment of middle-aged and older TV writers was settled Friday, a decade after a class-action lawsuit alleged they were the victims of widespread age discrimination. Under the settlement, 17 major networks and production studios, along with seven talent agencies, agreed to pay $70 million to thousands of writers to resolve 19 claims. A group of 165 writers alleged that the networks, studios and talent agencies unfairly squeezed out writers older than 40 in their efforts to capture younger audiences, denying them employment on dramas and situation comedies.
BUSINESS
June 1, 2009 | Dawn C. Chmielewski and Meg James
Over a May 15 lunch at the Beverly Wilshire hotel, William Morris Agency Chairman Jim Wiatt received sobering advice from his close friends, entertainment attorney Skip Brittenham and former Viacom Inc. executive Tom Freston. The more than century-old talent agency was on the cusp of merging with hotshot rival Endeavor, and it was becoming clear that there would be no place at the table for Wiatt.
BUSINESS
May 23, 2009 | Dawn C. Chmielewski
Just three weeks after shepherding the merger of two top Hollywood talent agencies, William Morris Agency Chairman Jim Wiatt is leaving -- a sign that Endeavor is firmly in control of the combined entity. Speculation focused Friday on whether Wiatt was pushed out by members of the new William Morris Endeavor Entertainment board.
BUSINESS
May 19, 2009 | Ben Fritz
There's a lot less William Morris Agency left to merge with Endeavor. The 111-year-old talent agency Monday laid off more than 120 people, or about 15% of its staff, in preparation for its pending merger with competitor Endeavor. About 40 of the affected employees were agents, and the rest were support staff. The layoffs, which have been expected since the two companies agreed to join forces late last month, hit the motion picture and television talent and literary departments the hardest.
BUSINESS
April 27, 2009 | Dawn C. Chmielewski and Meg James
Talent agencies William Morris and Endeavor are expected to vote today on a merger creating a new giant in Hollywood at a time when the longtime role and power of the firms that represent actors, directors and writers are coming under severe strain.
BUSINESS
April 23, 2009 | Yvonne Villarreal
Hollywood talent agency Paradigm, continuing its expansion into music, said Wednesday that it had bought Nashville-based Christian music booking firm Third Coast Artists Agency. The deal is the latest move by Beverly Hills-based Paradigm to increase its presence in the music sector through a series of low-key acquisitions. In the last five years, Paradigm has acquired Monterey Peninsula Artists and Little Big Man Booking, specialty talent boutiques with a niche in music.
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