Creative Artists Agency : Accelerates Growth, Welcomes Premier Investment Company Temasek as Strategic Partner
Partnership Follows Investment in CAA by China’s Leading Media and
Entertainment Fund, CMC
Creative Artists Agency (CAA), the world’s leading entertainment and
sports agency, announced today that Temasek, the Singapore-headquartered
investment company with a net portfolio value of close to US$200 billion
and significant experience in the media and technology sector, has made
an investment in CAA. The strategic investment will be used as capital
to further CAA’s tremendous growth, including through acquisitions, and
follows this year’s investment by China’s leading media and
entertainment fund, CMC, alongside Fubon Group, including Taiwan Mobile.
TPG Capital retains its majority position in CAA.
“As one the most successful and sophisticated investors in the world,
Temasek provides an extraordinary level of insight and resources as we
continue to provide the best opportunities for the company and our
clients,” said CAA President Richard Lovett. “Today’s announcement
speaks to the incredible growth and relentless innovation across all
areas of the agency. We have a combination of partners that provide
global firepower for our continued success.”
Temasek has considerable experience in the telecommunications, media and
technology sector, with portfolio companies including Alibaba Group and
Airbnb, among others.
The market leader across film, television, music, sports, and other
areas of representation, CAA was the first agency to build a sports
business, create an investment bank, launch a venture fund, found
technology start-up companies, and establish a business in China, among
other industry innovations.
CAA Sports is the preeminent athlete representation firm in the world,
with more than 1,000 individual athlete, broadcaster and coaching
clients and double the on-field contract value of the next closest
agency. The firm’s sports business also advising on more than $2.7
billion in sponsorship rights deals for premier consumer brands,
negotiating more than $3.7 billion in precedent-setting property sales
deals, and managing more than $37 billion in media rights transactions.
CAA’s merchant bank, Evolution Media, represents the buyers or sellers
of numerous professional sports franchises; raises capital or structured
debt financing for entertainment entities; and manages investment
vehicle Evolution Media, alongside TPG Growth and Participant Media.
Through its strategic marketing and consulting practices, CAA advises
blue-chip consumer brands, including JP Morgan Chase, Intel, Bose, KPMG
and IMAX, among others.
Building off of 12 years of success in the Chinese market, CAA recently
formed CAA China in partnership with CMC to expand opportunities for the
agency and clients in the fast-growing region. In addition to CAA’s
longtime representation of top Chinese talent and leadership in film
finance, the combined expertise and resources will create new businesses
ranging from talent representation, endorsements, and sports, to digital
media, music, and original content production.
About Creative Artists Agency
Leading entertainment and sports agency Creative Artists Agency (CAA)
represents many of the most successful professionals working in film,
television, music, theatre, video games, sports, and digital content,
and provides a range of strategic marketing and consulting services to
corporate clients. CAA is also a leader in sports, representing more
than 1,000 of the world’s top athletes in football, baseball,
basketball, hockey, soccer, tennis, Olympics and action sports, and
golf, and works in the areas of broadcast rights, corporate marketing
initiatives, licensing, and sports properties for sales and sponsorship
Incorporated in 1974, Temasek is an investment company headquartered in
Singapore. Supported by 10 offices globally; including New York and San
Francisco in the U.S., London in Europe, Beijing in China, and Mumbai in
India, Temasek owns a S$275 billion (US$197b) portfolio as at 31 March
2017, mainly in Singapore and the rest of Asia. Temasek’s portfolio
covers a broad spectrum of industries: financial services;
telecommunications, media & technology; transportation & industrials;
consumer & real estate; life sciences & agriculture; as well as energy &
resources. Its investment activities are guided by four investment
themes and the long term trends they represent: Transforming Economies;
Growing Middle Income Populations; Deepening Comparative Advantages; and
Emerging Champions. Temasek’s current and prior investments in the U.S.
include Airbnb, Ancestry.com, Classpass, Dell Technologies, Intapp,
Internet Brands, Jasper, Soundcloud, Sprinklr, Univar, Verily Life
Sciences, Virtu Financial and Wish. For more information, visit www.temasek.com.sg.