Summary:

CAA is making its biggest bet on sports media, yet, and has formed a new unit called CAA Sports Media Venture, and funding it to buy and ope…

imageCAA is making its biggest bet on sports media, yet, and has formed a new unit called CAA Sports Media Venture, and funding it to buy and operate companies in the space. It has tapped Chris Bevilacqua, co-founder of CSTV Networks, as the CEO of this venture. The new unit is a three way partnership between CAA, Bevilacqua and Evolution Media Capital, a PE firm formed by Bob Stanley earlier this year after he left Merrill Lynch…this will operate independently of CAA’s existing sports talent unit, which reps about 350 sports athletes.

Bevilacqua will control two seats on the new venture

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