Report: CAA’s $7 Billion Sale to François-Henri Pinault Causing Internal Crisis over Equity Payouts
Creative Artists Agency’s sale to François-Henri Pinault for $7 billion is shaping up to be the true Hollywood blockbuster of the year, with the potential to redefine deal-making in a town where talent agencies are quickly consolidating their power over the rest of the industry. But the acquisition is reportedly turning into a troubled production, with talk of disgruntled rank-and-file CAA agents who are unhappy that top brass is making out like bandits while they are left holding comparatively little.
