Exclusive: Endeavor Content is gearing up to go to market later this summer to raise capital and take WME parent Endeavor’s ownership stake in the affiliated studio down to 20% to comply with the conditions of WME’s February deal with the WGA.
We hear the studio leadership laid out their plans at an internal meeting today, during which it was also revealed that most of the film sales team that has existed under the EC roof will go back to WME in the coming months as the transition takes place.
The move, with EC as financier/producer and WME handling film sales, aligns WME with the model used by other agencies.
The meeting about EC’s intentions comes a week after CAA sold a majority stake in Wiip to Korean company Jtbc Studios. It was the first divestiture of an agency-backed studio after the major agencies agreed to sell...
We hear the studio leadership laid out their plans at an internal meeting today, during which it was also revealed that most of the film sales team that has existed under the EC roof will go back to WME in the coming months as the transition takes place.
The move, with EC as financier/producer and WME handling film sales, aligns WME with the model used by other agencies.
The meeting about EC’s intentions comes a week after CAA sold a majority stake in Wiip to Korean company Jtbc Studios. It was the first divestiture of an agency-backed studio after the major agencies agreed to sell...
- 6/8/2021
- by Nellie Andreeva and Mike Fleming Jr
- Deadline Film + TV
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