CMC invests in CAA, launches CAA China division
Through an investment agreement with Manchester City owner CMC Capital Partners, Creative Artists Agency has followed rival WME in creating a dedicated Chinese division
News By | 18 April 2017
Creative Artists Agency (CAA) is to increase its investment in the Chinese market via a new alliance with private-equity firm CMC Capital Partners.
The “robust partnership” sees Shanghai-based CMC make a minority investment in CAA, with CMC chairman Li Ruigang also joining the agency’s board of directors. A new division, CAA China, will combine “the expertise and vast resources of CAA with the broad reach and network of CMC in Greater China” (mainland China, Hong Kong, Macau and Taiwan) to create an “alliance…
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