I’ve followed every beat of Casey Wasserman’s move to sell his agency, analyzed the Cannes market, and written about the tax incentive showdowns both globally and between U.S. states.
Today I’m introducing Deal Notes, my quick rundown of tips (corroborated, of course), analysis of buzzy deal news and select conversations with top execs, agents, managers, lawyers and creatives. (H/T to my colleague Lesley Goldberg and her TV in 3 for the format!)
This week, I’ll take you through the latest on the sale of Casey Wasserman’s media empire, The Team, spotlight two Cannes buys that bode well for the film and festival ecosystem, and dive into the serious business of making theatrical comedies with Breadwinner director Eric Appel. Plus, I’ve got the numbers on why the runaway success of Curry Barker’s Obsession and Kane Parsons’ Backrooms is a sign of long-term stability, not market disruption.
Team Bids: Pencils Down
Wasserman watch is winding down! I’m told that binding offers for The Team (or its parts) are due June 8.
UTA and London-based private equity firm Permira have both been whispered as frontrunners, but each comes with a major open question, while perhaps the best option on paper is one that’s been flying largely under the radar: Goldman Sachs-backed Excel Sports Management.
Don’t stop here
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