Tagged: investors

“The high-flying, go-go culture of the agencies has given way to a more restrained, fiscally disciplined one in recent years, however. That evolution has only accelerated as private equity firms have swooped into the business. These Wall Street investors — who have poured more than $1 billion into the two largest talent agencies, William Morris Endeavor and Creative Artists Agency, over the last five years — are helping to bankroll those agencies’ expansion into new arenas outside Hollywood including sports, technology, fashion and food. But they’ve also put a fresh focus on driving profits, insiders say — essentially flipping the script on the famous talent-rep mantra from the film ‘Jerry Maguire’ and saying, ‘Show us the money.'” 

Source: Josh Rottenberg. “Wall Street investors to Hollywood Talent Agencies: ‘Show Us The Money.'” L. A. Times. July 10, 2015. http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-talent-agencies-private-equity-20150710-story.html.