WMA, Endeavor merger imminent

MUMBAI: In a pact that is set to change the landscape of talent deal-making, leaders of William Morris Agency (WMA) and Endeavor took a giant leap into showbiz‘s future recently by approving a merger between the two companies.

The board of WMA and partners of Endeavor held separate votes last Monday to give their assent to the merger. The deal will reportedly be put into force next month, uniting 14-year-old Endeavor with 111-year-old WMA. The resulting thrust would have a dramatic affect on the Hollywood landscape, with the joint endeavour becoming a major rival to the two decade old Creative Artiste Agency (CAA).

The new entity will be called William Morris Endeavor (WME) Entertainment once the transaction is completed in the second quarter, subject to customary closing conditions.

But while the merger appears to have been agreed in principle, details are still awaited.
It is being rumoured that Endeavor‘s Ari Emanuel will assume day-to-day control of the merged entity as CEO, while WMA chief executive James Wiatt will take over as chairman. WME will be governed by a nine-member board of directors that will include five from the WMA camp and four from Endeavor.

The combination of WMA and Endeavor will create a mega-agency, the assets of which will extend into virtually every aspect of the entertainment and media business with annual revenues estimated at $325 million.The tie-up, which is still subject to government approval, also creates the largest competitor to CAA.

In addition to the challenges that all deal-making companies are confronting at a time of great change in the entertainment biz, WME‘s leaders will undoubtedly face a formidable task in achieving harmony between the wildly different cultures and backgrounds of the two agencies.

The merger, for which William Morris and Endeavor had been in talks for nearly a year, was driven by the fact that each agency has assets the other coveted.

Latest Reads
Mobile promotions Fox 'Ae Dil...' on UCWeb

Promotion on the go for 'Ae Dil..." Alibaba Mobile Business Group’s UCWeb India charted a new success story through its tie-up with Fox Star Studios, India, Dharma Productions and Sony Music India to promote the highly anticipated Diwali release, Ae Dil Hai Mushkil.

Movies Hindi
Box Office: A disastrous week for film exhibitors

It has been another disastrous week at the cinema halls and the wait is now on for Diwali week releases. All the releases failed to find audiences and faced the no-audience-no-show situation. The films released a week earlier were faced with the similar fate as well.

Movies Hindi
Govt says 'no mushkil' to 'Ae Dil' even as Pak industry supports Indian content ban

NEW DELHI: Although Indian is almost completely banned in Pakistan now courtesy PEMRA, in India, it became a Catch-22: give in or give up. But, ultimately Karan Johar managed to get an assurance that ‘Ae Dil hai Mushkil’ would be released as scheduled on 28 October, after the Maharashtra chief...

Movies Hindi
Sony Pictures signs three-film deal with international producers

MUMBAI: Sony Pictures International Productions (SPIP) has inked a deal with Mexico and Los Angeles-based producers Eduardo Cisneros and Jason Shuman. With this multi-picture development, the producers will write and produce three new feature films with the studio.

Movies Hollywood
31st October: Genuine effort wasted

Rather late in the day, 31stOctober is a film about the Sikh genocide of 1984 in Delhi in the aftermath of assassination of the then prime minister of India Indira Gandhi. She was killed by her security guards, who happened to be Sikh. That assassination, again, is attributed to the anger of the...

Movies Hindi
TV premiere of Daniel Craig's 'Spectre' on 23 October

Movies Now is all geared up to air the television premiere of the Daniel Craig starrer James Bond movie Spectre. With Diwali round the corner, the movie will hit the TV screens on 23 October at 1 pm and a repeat telecast at 9 pm.

Movies Hollywood
Jio MAMI: Royal Stag Barrel joins Star to promote short films

The Jio MAMI 18th Mumbai Film Festival with Star has managed to involve Royal Stag Barrel Select Large Short Films to provide a platform within the short films category.

Movies Hindi
India against obstructing Fawad film; Maharashtra assures 'protection'

Even as PEMRA's ban on Indian content looms, the Indian Government has made it clear that it will not create any impediment for the release of producer-director Karan Johar’s 'Ae Dil Hai Mushkil’ starring popular Pakistani actor Fawad Khan, among others.

Movies Hindi
'Thithi' to open Dharmashala fest; to screen 45 features and shorts

A total of 45 features and shorts are to screened at the fifth Dharamshala International Film Festival (DIFF) to be held from 3 to 6 November.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories