From Rafat Ali, paidContent:
Creative Arts Agency, the biggest talent agency in Hollywood, is raising a $150 million-$200 million venture capital fund to invest in startups in the digital/entertainment sector, paidContent.org has learned.Link
Meanwhile, we have also learned of an effort by Jeff Berg, CEO of the rival agency ICM, who has been talking to an unlikely source for a fund: Paul Jacobs, CEO of Qualcomm.
Other agencies like UTA and William Morris have been investing in startups, and this points to the changing dynamics of the traditional agency business.
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