Cynthia Littleton Business EditorRon Burkle’s Yucaipa Companies has made an investment in APA as the agency looks to rebound from the pandemic-induced slowdown in the entertainment industry.The agreement is not believed to be an equity investment but rather a cash influx structured as debt for the talent agency.
Industry sources say APA veteran Jim Osborne, APA partner and head of talent, is poised to take on a larger role as president after helping to arrange the Yucaipa deal.
Jim Gosnell will remain the agency’s CEO.Yucaipa was known to have had discussions with Sam Gores of Paradigm about investing in that agency, which has struggled amid the shutdown of the music touring business this summer.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.