Together with
The Future. French billionaire Francois-Henri Pinault (who’s married to CAA-repped actress Salma Hayek) and CAA have agreed to terms for a majority buyout of the Hollywood talent agency. While Endeavor-backed WME has pushed for scale on the public markets, CAA has opted to stay private and double down on an aura of exclusivity. While CAA already has a strong international presence, expect the agency to expand even more in billing itself as the purveyor of global artists.
Star luxury
CAA is getting a luxury look.
- Artémis, the Pinault family’s investment company, has confirmed its plan to purchase 50 to 60% of CAA from TPG, which is reportedly valued around $7 billion.
- When the transaction is completed later this year, CAA will stay private, with agency leaders Bryan Lourd, Kevin Huvane, and Richard Lovett re-upping as Co-Chairmen.
- Additionally, Lourd is expected to be crowned CEO, while Jim Burston will remain President.
With the acquisition, Artémis expands from the luxury goods and art industries into premium talent representation… who are exactly the type of people that Pinault would love to see repping brands like Gucci, Saint Laurent, and Bottega Veneta on the daily. Synergy is in the air.
Meanwhile, the deal aligns CAA with the high culture of French luxury fashion, which has immense global reach. And with Saint Laurent opening a full-fledged production company, we may soon see more rich partnerships between film and fashion.
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