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☆ 28-year-old took out $200,000 in student loans for grad school—and paid everything off in 2 years: 'It was worth it'
▼ + stars: | 2023-11-16 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

But when it came time to apply for medical school, she realized both the time and financial commitments were bigger than she wanted to make. Turning a $200,000 loan to a $200,000 annual incomeTaking out $200,000 in student loans wouldn't make sense for a lot of people. Often, student loans are the only option for people to pay for their education. She continued to save and let the money grow until student loan interest was about to resume accruing in September 2023. In August, she made her final payment and eliminated her student debt.

Persons: Chabely Rodriguez, wasn't, Rodriguez, Rodriguez didn't, anesthesiology, she'd Organizations: CNBC, Research, CAA Locations: New York

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ Talent Agency CAA and Michael Klein Launch Sports and Media Investment Bank
▼ + stars: | 2023-11-13 | by ( Cara Lombardo | Joe Flint | ) www.wsj.com time to read: 1 min

Michael Klein is an omnipresent deal maker who launched M. Klein & Co. in 2012. Photo: Andrew Harrer/BLOOMBERG NEWSHollywood talent agency Creative Artists Agency and longtime deal maker Michael Klein are launching a new investment bank focused on sports, media and entertainment deals. CAA’s merchant bank, known as Evolution Media Capital, and advisory firm M. Klein & Co. are joining to form CAA Evolution, the companies told The Wall Street Journal. The combined firm aims to work on large media companies’ deals, sell sports teams and advise on capital raises including initial public offerings, little of which Evolution does currently.

Persons: Michael Klein, Andrew Harrer Organizations: Klein, Co, BLOOMBERG NEWS Hollywood, Creative Artists Agency, Evolution Media Capital, CAA, Wall Street

☆ 28-year-old health-care worker earning $210,000 a year shares her biggest money mistake
▼ + stars: | 2023-11-10 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

When it comes to money, Chabely Rodriguez can say she's made it in many ways. The 28-year-old certified anesthesiologist assistant earned more than $210,000 last year and is on track to bring in even more this year. She's able to live comfortably and debt-free in Tampa, Florida, while traveling in her free time, investing for her future and saving for emergencies. Once she started working, Rodriguez learned some of her coworkers were successful in negotiating larger salaries or bigger signing bonuses. "Don't rush into the decision, salaries are competitive, and you're worth the money," Rodriguez says she tells her viewers.

Persons: Chabely Rodriguez, She's, Rodriguez, spender, didn't Organizations: CAA Locations: Tampa , Florida, anesthesiology

Rodriguez and her four siblings grew up working on the farm and selling its products at farmers markets back in the city. Farm to operating tableThough she's close with her family, it was difficult breaking the news to her parents that she didn't want to continue working on the farm beyond high school, Rodriguez says. Her parents helped some, and she applied for scholarships, allowing Rodriguez to earn her bachelor's without taking on student debt. In fact, working with patients is one of the highlights of her work. How she spends her moneyEven after paying off her debt, Rodriguez has continued to save around 50% of her income.

Persons: Rodriguez, Chabely Rodriguez, Liam Mays, hasn't, CAAs, Andrea Desky, they're, undergrad, hustled, Donald Trump, I've, Gene Kim, HBO Max, she's Organizations: CNBC, CAA, Brooklyn College, District of Columbia, Nova Southeastern University, Housing, HBO, Toyota Corolla, YouTube Locations: Tampa , Florida, New York, Mexico, Brooklyn, Florida, Fort Lauderdale , Florida, anesthesiology, Costa Rica

☆ ‘Sorry’ for Being So Blunt
▼ + stars: | 2023-10-30 | by ( Brenda Cronin | ) www.wsj.com time to read: +1 min

Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyWhat a luxury anonymity is. Yes, the fervent hordes clattering around TikTok and reality TV attest that many still prize celebrity, influence and their attendant financial promise. Consider Emily Blunt , a movie star who recently prostrated herself after being savaged online for fat-shaming. Describing a woman who served her at Chili’s as “enormous.” Ms. Blunt unleashed the epithet more than a decade ago on “The Jonathan Ross Show,” a U.K. television program where she was appearing to flog her latest film. Mr. Ross, who like Ms. Blunt is British, was whooping it up with his guest about lavish food portions in the New World, joking that “you can see why so many of our American friends are enormous.” Ms. Blunt joined in with her account of the meal at Chili’s—“the girl that was serving me was enormous”—without specifying which outpost in the nationwide chain she patronized.

Persons: Mark Kelly, Emily Blunt, prostrated, Ms, Blunt, Jonathan Ross, Ross Organizations: Disney, Bloomberg, CAA Locations: TikTok, Chili’s

☆ Britain's aviation regulator increases air traffic control charges
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

General view of planes on the tarmac at Farnborough Airport, in Farnborough, Britain March 9, 2022. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Britain's aviation regulator said on Thursday it would increase the amount airlines can be charged for air traffic control services to help national provider NATS recoup costs incurred during the COVID-19 pandemic. Airline executives last week called for new rules on passenger compensation in the event of such disruption. The average cost of UK air traffic services per passenger per flight would go up by 43 pence on average, to approximately 2.08 pounds, the CAA said. The process of raising price controls began before the NATS outage and is unrelated to the review and investigation into the glitch, it added.

Persons: Henry Nicholls, NATS, Joanna Plucinska, Kylie MacLellan Organizations: Farnborough Airport, REUTERS, Civil Aviation Authority, CAA, Thomson Locations: Farnborough, Britain, Europe

☆ Ari Emanuel’s Endeavor is considering the sale of some of its assets
▼ + stars: | 2023-10-25 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

New York CNN —Endeavor Group Holdings, led by the high-power agent to the stars, Ari Emanuel, said that it is considering a sale of some of its assets. Earlier this year, Endeavor, which owns mixed martial arts company UFC, merged with World Wrestling Entertainment to create TKO Holdings. Shares of TKO Holdings, which is a separate publicly traded company apart from Endeavor, climbed nearly 2% in after-hours trading Wednesday. Correction: A previous version of this story incorrectly identified the assets Endeavor is considering selling as well as IMG's function. Endeavor is considering strategic options for its companies but did not identify any particular asset for sale.

Persons: Ari Emanuel, ” “, ”, Ariel Emanuel, Endeavor’s, Dwayne “, ” Johnson, Matt Damon, Emanuel, Francois, Henri Pinault Organizations: New, New York CNN — Endeavor Group Holdings, Wednesday, Endeavor, Company, IMG, Holdings, UFC, World Wrestling Entertainment, CAA Locations: New York

☆ Hollywood’s A-List Bribe for Peace
▼ + stars: | 2023-10-24 | by ( Holman W. Jenkins | ) www.wsj.com time to read: +1 min

With streaming disrupting the economics of the TV and film industries, it doesn’t help to alienate your audience with political posturing like Disney has with its refashioning of classic fairy tales including the upcoming 'Snow White.' Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyAmong the big names on a Zoom call last week of Hollywood actors questioning their union over lack of progress in the actor’s strike was Meryl Streep . Her name jumps out because 112 days earlier she signed a letter with other major stars urging a strike at a moment when a planarian might have noticed the union’s leverage was at low ebb thanks to the collapse of cable subscribership, streaming losses and the decline of movie-going. Nanny Defarge, aka Fran Drescher , the union boss, saw the light, however, and began out-mau-mauing the letter signers. Until that moment, she had insisted talks with the studios were making “exceptional progress.” Even the New York Times now says her sudden adoption of blood-curdling rhetoric has been an obstacle to a deal.

Persons: Mark Kelly, Meryl Streep, Nanny Defarge, Fran Drescher Organizations: Disney, Bloomberg, CAA, New York Times

☆ Why Carlyle is making big private credit investments in Hollywood companies like New Regency and 'South Park' creators' Park County
▼ + stars: | 2023-10-19 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The investment speaks to Carlyle's underlying thesis in this space, said the managing director, Ben Fund, who sits on the Carlyle Credit Opportunities team. "It is amazing how much people love some of this high-quality content," Fund told Insider, speaking about famous sitcoms or films from recent decades. Streamers also need unique original titles to lure subscribers, but "it's a lot more expensive and risky to create new content than it is to license content," Fund said. Finding strategies to support Hollywood through volatile timesCarlyle's big moves come as private asset managers step up their lending game in Hollywood. For Carlyle, Fund said, this creates opportunity — and he added that such companies often have "real pride" and a "real legacy" to uphold.

Persons: Carlyle, Smith, Ben Fund, Trey Parker, Matt Stone, Arnon Milchan, Yariv, Austin Butler, Jodie Comer, Michael Shannon, it's, we're, hasn't Organizations: Washington DC, New Regency, New, Carlyle Credit, Bloomberg, Hollywood, Fund, Netflix, Content Partners, ICM Partners, CAA Locations: New, Carlyle, Park County, California, Hollywood

☆ Opinion: Julia Ormond is speaking for a generation of women who won’t be silenced
▼ + stars: | 2023-10-11 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +8 min

Ormond’s claim alleges that Weinstein sexually assaulted her in 1995 after a business dinner and that Ormond told her agents about it, and that they advised her against speaking out about it. “Harvey Weinstein categorically denies the allegations made against him by Julia Ormond and he is prepared to vehemently defend himself,” a representative for Weinstein told CNN in a statement. It includes awful, if unsurprising, details from the lawsuit about what happened when she told her agents at the time. In addition, after the incident and her disclosure of it to her agents, Ormond says CAA lost interest in representing her and her career was damaged dramatically anyway. I once wrote an awards-season story about an actor/director accused of sexual harassment by multiple women on his team.

Persons: Sara Stewart, CNN —, Sara Stewart Todd Thompson, Julia Ormond, Harvey Weinstein, Weinstein, Ormond, Bryan Lourd, Kevin Huvane, “ Harvey Weinstein, ”, Ormond’s, Brad Pitt, Anthony Hopkins, Sean Connery, Sabrina ”, Harrison Ford, Greg Kinnear, wouldn’t, Annabella Sciorra, Darryl Hannah, Ashley Judd, Mira Sorvino, Rosanna Arquette, Heather Graham, Claire Forlani, Rae Dawn Chong, Salma Hayek, Uma Thurman, I’ve, I’m, Amber Heard, Russell Brand, who’ve Organizations: CNN, Variety, Creative Rights Agency, CAA, Walt Disney Company, Miramax, Mr, ” CNN, Women, Brennan Center, Justice Locations: Pennsylvania, “, Rolling, Hollywood

☆ How Texas Monthly is cashing in on Hollywood's true crime obsession
▼ + stars: | 2023-10-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Streamers increasingly are leaning into true crime and stories about the heartland, and Texas Monthly can check those boxes. Of the publication's 50 film and TV projects, half fall into the true crime genre. "They're trying to reach the middle of the country, and we've got things that do that," Scott Brown, Texas Monthly's president, told Insider. Texas Monthly also has a first-look deal with Warner Bros. Sarah Aubrey, head of original content at Max (and an Austin native), told Insider Texas Monthly has an "uncanny ability" to identify not only gripping true crime but also cultural stories with unforgettable characters.

Persons: Richard Linklater, Oscar, we've, Scott Brown, Brown, Taylor Sheridan, Deborah Esquenazi, Sarah Aubrey, It's, Elizabeth Olsen, Max's, Jake Giles Netter, HBO Max, —, greenlit, James Reyos Organizations: Texas, Netflix, Hollywood, Warner Bros, HBO, HBO Max Texas, Entertainment, CAA Locations: Venice, Toronto, Houston, Scott Brown , Texas, Texas, Austin, Hollywood

☆ Down syndrome families' fight for access to Alzheimer’s trials, treatments
▼ + stars: | 2023-10-10 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +9 min

In an extended portion of Eisai’s main Leqembi trial, CAA was associated with one death. 'THE DIGNITY OF RISK'Hillerstrom said the groups are "very strongly" lobbying Eisai and Lilly to conduct the safety trials in Down syndrome, and said he has been meeting with the companies to push them to design such trials. Lilly declined to comment on whether it is considering either a safety trial or taking part in that study. An Eisai spokeswoman said the company "has no immediate plans" to conduct clinical trials of Leqembi in people with Down syndrome. The company is collaborating with LuMind in a study gathering data on how Alzheimer's manifests in people with Down syndrome.

Persons: Oskar Hillerstrom, Lianor, Hampus, Brian Snyder, Lianor da Cunha, Oskar, de Oeiras, Teresa, Oskar’s, Hampus Hillerstrom, Eli Lilly's, LuMind, Hillerstrom, Lilly, Emily Largent, Beau Ances, Louis, I've, Ances, I'm, Michael Rafii, William Mobley, Mobley, Dawn Brooks, donanemab, Margot Rhondeau, Hannah, Julie Steenhuysen, Caroline Humer, Bill Berkrot Organizations: REUTERS, Rights, Reuters, CAA, University of Pennsylvania Perelman School of Medicine, Medicare, U.S . Food, Drug Administration, Washington University, National Institute, Aging, University of Southern, UC San Diego School of Medicine, LuMind, Syndrome, Thomson Locations: Lexington , Massachusetts, U.S, Santo, Portugal, United States, St, University of Southern California

In her suit, Ormond says she was a star on the rise when she met Weinstein in 1994. She accuses CAA, Disney and Miramax, saying that they knew Weinstein presented a danger to women but did nothing to stop him or to help her. Political Cartoons View All 1199 ImagesThe lawsuit marks the first time Ormond has publicly accused Weinstein of sexual assault. The Associated Press generally doesn't name the alleged victims of sexual assault, but is in this case because Ormond has spoken publicly about it, including in an interview with Variety. Weinstein, 71, was convicted of rape and sexual assault in New York in 2020 and is in prison in the state.

Persons: — Julia Ormond, Brad Pitt, Harrison Ford, Harvey Weinstein, Ormond, Weinstein, Imran Ansari, Julia Ormond, “ Sabrina ”, ”, Sean Connery, Richard Gere, ___ Dalton Organizations: Walt Disney Co, Miramax, Creative Artists Agency, CAA, Disney, Associated Press, Variety, Pitt, Ford Locations: Manhattan, British, New York, Los Angeles

☆ Julia Ormond sues Harvey Weinstein for battery along with Disney, CAA and Miramax as enablers
▼ + stars: | 2023-10-04 | by ( Dan Heching | ) edition.cnn.com time to read: +4 min

CNN —Actress Julia Ormond is suing disgraced former film producer Harvey Weinstein for battery and sexual assault she says occurred in 1995, according to a copy of the complaint obtained by CNN. Ormond is also suing the once Weinstein-owned Miramax as well the Walt Disney Company, which purchased Miramax in 1993, for negligence and Hollywood talent agency CAA (Creative Artists Agency), who represented the actress, for negligence and breach of fiduciary trust. (A majority stake of CAA was recently purchased by the Artémis investment firm.) In the complaint, first reported by Variety, Ormond alleges that in December 1995, she and Weinstein were supposed to have a business dinner to discuss a project. Weinstein, 71, was at the center of allegations that fueled the global #MeToo movement in 2017.

Persons: Julia Ormond, Harvey Weinstein, Ormond, Weinstein, Weinstein “, ” “ Harvey Weinstein, ”, Ormond’s, ” Ormond, Bryan Lourd, Kevin Huvane, “, Sabrina ”, Grandin, Ormond Douglas H, Wigdor, Effie Blassberger, Rosenberg Kirshner, Linder, he’d Organizations: CNN, Miramax, Walt Disney Company, Hollywood, CAA, Creative Artists Agency, Variety, Mr, Disney, ” CNN, Warner Brothers Discovery, AMC, Wigdor LLP, Linder LLP Locations: “, Clayman, Los Angeles, New York

☆ Ukraine counteroffensive: Winter is coming to Ukraine, but Kyiv is adapting its tactics
▼ + stars: | 2023-10-01 | by ( Tim Lister | ) edition.cnn.com time to read: +12 min

And Kyiv has dramatically increased long-range missile and drone attacks against Russian military hubs: command centers, fuel and ammunition supplies, transport hubs. There is anecdotal evidence of this from other sources, but not to the degree that the Russian military machine would be damaged. Alexander Ermochenko/ReutersBut just as they seek to degrade Russian air defenses, the Ukrainians have made strides in improving their own. “Our air defense system has become even more comprehensive and experienced … By the winter, it will become even stronger.”Energy production has increased too. Ryan, the former Australian general, says Ukraine’s western partners must recognize and plan for this.

Persons: Franz, Stefan Gady, Michael Kofman, they’ve, It’s, Oleksandr Tarnavsky, ” Tarnavsky, Fred Pleitgen, Tarnavsky, Tony Radakin, Ukraine’s, it’s, WarZone, Gen, Kyrylo Budanov, “, ” Tarnovsky, Oleksandr Ratushniak, ”, Mick Ryan, Futura, Timchenko, Alexander Ermochenko, Denys Shmyhal, Jens Stoltenberg, Antony Blinken, Ryan, outlast, Robert Rose, Sergei Supinsky, Max Boot, ” Boot, Vladimir Putin Organizations: CNN, ”, Russian, Black, Sea Navy, Planet Labs, US Army Tactical Missile, Defense Intelligence, Aviation, Reuters, UK Defense Ministry, Arms Army, CAA, IRIS, Energy, US, Firefighters, Getty, Council for Foreign Relations Locations: Ukraine, Kharkiv, Kherson, Ukrainian, ” Ukraine, Crimea, Sevastopol, Russian, Crimean, Moscow, Russia’s, Australian, Mariupol, Donbas, Europe, United States, AFP, Russia

☆ Beyoncé's Renaissance World Tour in talks with AMC for a concert film
▼ + stars: | 2023-09-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Beyoncé's Renaissance World Tour may be coming to a theater near you. Makers of a concert film based on the smash-hit concert are reportedly in advanced talks to directly distribute the movie through AMC Theaters , according to a Variety report. The news comes as Taylor Swift's own concert film nears its release date of Oct. 13. The movie, based on her Eras Tour, will be globally distributed through AMC and is set to be a blockbuster. First-day ticket sales for Swift's movie got to $26 million and some estimate the film will top $100 million the weekend it opens.

Persons: Taylor Swift's, Swift Organizations: AMC Theaters, CAA, AMC, Variety Locations: Hollywood

Putting a price on celebrityIn buying a majority stake in the powerhouse Hollywood talent agency Creative Artists Agency, François-Henri Pinault showed that high-ticket M.&A. is a game that more than one French luxury billionaire can play. Acquiring CAA — which represents stars including Tom Hanks, Margot Robbie and Pinault’s wife, Salma Hayek Pinault — underscores Pinault’s ambitions, and reinforces the growing importance of celebrity in the luxury sector. Like his archrival, Bernard Arnault of LVMH, Pinault used a series of acquisitions to assemble the luxury empire now known as Kering, starting with Gucci and later adding Saint Laurent, Bottega Veneta, Alexander McQueen and more. The agency will be run separately from Kering; Bryan Lourd, the superagent who represents Scarlett Johansson and Brad Pitt, will become C.E.O.

Persons: Henri Pinault, Tom Hanks, Margot Robbie, Pinault’s, Salma Hayek Pinault, Bernard Arnault, Pinault, Saint, Bottega, Alexander McQueen, —, Bryan Lourd, Scarlett Johansson, Brad Pitt Organizations: Hollywood, Creative Artists Agency, CAA, Gucci, Puma Locations: Bottega Veneta, Kering

☆ Pinault’s Hollywood foray is untimely distraction
▼ + stars: | 2023-09-08 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

REUTERS/Charles Platiau Acquire Licensing RightsLONDON, Sept 8 (Reuters Breakingviews) - The story of European business trying to mingle with Hollywood has often led to unhappy endings. The Pinault family, which controls $61 billion luxury group Kering (PRTP.PA), thinks it can buck the trend. Pinault may have overpaid for CAA, especially in the middle of a major strike of Hollywood writers and actors. The transaction, through holding company Artemis, adds Hollywood's premiere talent agency to Pinault’s family empire which spans fashion, wine and contemporary art. CAA was valued at $1.1 billion when TPG acquired a majority stake in 2014, four years after having originally invested in the talent agency.

Persons: Francois, Henri Pinault, Kering, Charles Platiau, Tom Hanks, Steven Spielberg, François, Ari Emanuel’s, Artemis ’, Gucci, Alessandro Michele, Pinault, Jean, Kering’s, Valentino, Brad Pitt, Salma Hayek, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Hollywood, Universal Studios, Creative Artists Agency, CAA, Gucci, TPG, Endeavor, Thomson Locations: Paris, France, bask

☆ How Parrot Analytics shook up Hollywood by picking streaming hits
▼ + stars: | 2023-09-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

The Hollywood strikes thrust Parrot Analytics, which measures film and TV demand, into the spotlight. Parrot Analytics, a decade-old research firm, has in recent years built a complicated reputation in Hollywood with its proprietary system for measuring audience interest in films and TV shows. As streaming consumption skyrocketed and companies like Netflix kept audience data under wraps, Parrot offered one of the few apples-to-apples measurements across different series and films. Some producers and agents say Parrot has brought much-needed transparency to content measurement. "Parrot Analytics would reward quite a few shows that weren't the most viewed shows in America," he wrote.

Persons: Wared Seger, Seger, Parrot, he's, Seger's, Nielsen, Discovery's Max, Julia Alexander —, —, It's, HBO's Casey Bloys, Avalon, Jon Thoday, Matthew Ball, shouldn't, Guy, aren't, it's Organizations: Hollywood, Netflix, SAG, Alliance, Producers, ABC, Nielsen, Disney, CAA, Amazon's, Writers Guild of America, Warner Bros, Amazon Studios Locations: Hollywood, LA, Seger, New Zealand, Boston, America

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Persons: Dow Jones Organizations: caa

In a deal that shows the ever-growing convergence of fashion and fame, François-Henri Pinault, the French billionaire and chief executive of the luxury goods company Kering, said on Thursday that his family office had bought a majority stake in one of Hollywood’s biggest talent agencies, Creative Artists Agency. Mr. Pinault’s family office, Artémis, already has investments that include the auction house Christie’s and a stake in Puma, and like them, CAA will be managed separately from Kering, which owns such brands as Gucci, Saint Laurent and Balenciaga. The announcement comes as talent — actors, singers, filmmakers — has become a uniquely powerful tool in selling products. There is now a growing race among fashion brands to lock in relationships with the next big name. “There’s no separation between fashion and entertainment any more,” said Robert Burke, the eponymous founder of a luxury consultancy, calling the deal a “natural, if unprecedented, evolution.”

Persons: Henri Pinault, Pinault’s, Saint Laurent, Balenciaga, —, “, ”, Robert Burke Organizations: Creative Artists Agency, Mr, Puma, CAA, Gucci Locations: Kering

[1/2] Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan Alcorn Acquire Licensing RightsPARIS, Sept 7 (Reuters) - French luxury goods billionaire Francois-Henri Pinault has reached an agreement for a majority stake in Creative Artists Agency (CAA), adding Hollywood's premiere talent agency to his family empire which spans fashion, wine and contemporary art, parties involved said on Tuesday. The presence of stars like Beyonce, Zendaya and Rihanna have become key to drawing the spotlight to fashion shows, and Kering's larger rival LVMH(LVMH.PA) recruited Pharrell Williams to head menswear designs for Louis Vuitton. TPG first invested in CAA in 2010 and, in 2014, increased its stake to 53% in a deal valuing the agency at $1.1 billion. Global investment firm Temasek will remain a minority investor in the agency while CMC Capital will remain a "strategic partner", according to a statement.

Persons: Jonathan Alcorn, Francois, Henri Pinault, Pinault, Gucci, Beyonce, Zendaya, Rihanna, Pharrell Williams, Louis Vuitton, Pinault's, Salma Hayek, Valentino, perfumer, Bryan Lourd, Kevin Huvane, Richard Lovett, Lourd, Sudip Kar, Mimosa Spencer, Dawn Chmielewski, Jonathan Oatis, Tomasz Janowski, Timothy Gardner Organizations: Creative Artists Agency, REUTERS, Rights, CAA, Artemis, TPG, Global, CMC Capital, Thomson Locations: Los Angeles , California, Los Angeles, Hollywood, Temasek, Paris

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ UK aviation regulator to review air traffic control failure
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Raphael Satter/File Photo Acquire Licensing RightsLONDON, Sept 6 (Reuters) - Britain's civil aviation regulator said on Wednesday it would undertake an independent review of the circumstances surrounding an air traffic control failure last week that caused widespread disruption to flights and left thousands of passengers stranded. The Civil Aviation Authority (CAA) said the review would also consider the response of NATS, the country's air traffic control provider, which has apologised for the failure. Air traffic controllers then closed the system to maintain safety and switched to manual operation to continue service. The CAA, Britain's independent aviation and aerospace regulator, said it had shared analysis this with the government on Monday and outlined its next steps. The regulator said the event was now understood and, if it happened again, should be fixed quickly with no effect to the aviation system.

Persons: Raphael Satter, Rob Bishton, NATS, Mark Harper, Muvija, Farouq Suleiman, William James Our Organizations: REUTERS, Civil Aviation Authority, Interim, CAA, Air, Thomson Locations: London, Stansted, Britain

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