Exactly a year ago CAA announced its biggest bet on sports media, and formed a new unit called CAA Sports Media Venture, as a rollup venture in the sector. But besides hiring Chris Bevilacqua, co-founder of CSTV Networks, as the venture’s CEO, nothing much has happened. The new unit was touted as 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.
Now a year later, Bevilacqua, still with CAA, is part of a new deal CAA Sports has done with International Olympic Committee. IOC has hired CAA to be a strategic media adviser, helping the sports org in the bidding process for Olympic media rights in the United States, reports SBJ.
This means Bevilacqua and Alan Gold, hired later for the sports venture by CAA, will “essentially will be the IOC