Goldman Sachs: The New Agency in Town?
It’s unlikely that many had an investment bank giant move into representation on their cards, but here we are. With a new majority stake in Excel Sports Management, the entertainment landscape has a new talent backer in play- and notably, that growth is once again in the sports market. Brandon Blake, our entertainment lawyer Los Angeles at Blake & Wang P.A., looks at the news and what it could mean for the talent agency business. Brandon Blake Goldman Sachs Acquires Major Talent Agency Share The deal for the majority share has not been fully released, but is set to cost the investment bank almost $1B. The deal itself was with Private Equity at Goldman Sachs Alternatives, their private equity arm. We’ve seen private equity’s interest in the entertain...