TheBadPlaceBusiness | After Epstein scandal, Hollywood bidders race for Wasserman's $3-billion agency by Meg James
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Casey Wasserman, despite a controversy sparked by decade‑old emails with Ghislaine Maxwell that led several artists and athletes to quit his agency, remains chairman of the LA28 Olympic organizing committee, as the board’s executive committee voted to keep him for his “strong leadership.” At the same time, his newly renamed firm, The Team—a $3 billion music and sports‑marketing company that represents stars such as Kendrick Lamar, Coldplay and Ed Sheeran—has entered an auction, with majority‑owner Providence Equity Partners considering a full sale, a carve‑out of Wasserman’s minority stake, or a breakup of its business units. Private‑equity groups (including Providence and Permira) and Hollywood players like United Talent Agency, former Endeavor executive Patrick Whitesell, and other investors have submitted proposals, though the process is expected to extend into the summer and may be complicated by existing partnership agreements; Wasserman retains a veto over any sale of the company he built over 25 years.
#CaseyWasserman #UTA #ProvidenceEquity #GhislaineMaxwell #JeffreyEpstein #PatrickWhitesell #ChappellRoan #AbbyWambach
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