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Talent agencies evaluate potential investments

Oct 31, 2022
Illustration of a glimmering Hollywood star caught on a fishing hook.

Illustration: Gabriella Turrisi/Axios

Two Hollywood management firms have hired lawyers to explore selling a part or all of their businesses, Bloomberg reports.

Why it matters: Private equity firms have flooded Hollywood with investments into production studios like A24 and the creation of Candle Media. Now they're eyeing another crucial part of the business.

Details: Per Bloomberg, Entertainment 360 and Brillstein Entertainment Partners ⁠have hired Raine and Moelis & Co., respectively.

  • Bloomberg suggests that both firms have received inbound interest from potential investors and are evaluating their options.

Context: This comes as the Big 3 talent agencies have made big moves.

  • Creative Artists Agency acquired ICM Partners.
  • United Talent Agency secured an investment from EQT. It also formed a strategic partnership with Investcorp, its previous stakeholder.
  • Endeavor has been highly acquisitive. Last month, its acquisition of sports betting company OpenBet closed. In August, it bought a majority stake in Barrett-Jackson, a collector car auction company.
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