Innovative Artists Sells Minority Stake to Private Equity Firm Coral Tree Partners
Innovative Artists has sold a minority stake in the company to Los Angeles-based private equity firm Coral Tree Partners.
As part of the deal, the agency has rebranded all of its existing divisions under a singular entity as Innovative Artists Entertainment. The company will continue to be led by Innovative founder and CEO Scott Harris and his management team.
Per the companies, “the investment from Coral Tree will help accelerate the company’s expansion by enhancing the resources to support its agents and a growing roster of talent.”
Financial aspects of the deal were not disclosed, but Variety has confirmed Coral Tree’s minority stake in Innovative Artists is a “significant investment.”
Founded in 1982 by Harris and Howard Goldberg before being rebranded as Innovative Artists in 1992, the bi-coastal agency serves clients across departments including talent, literary, production, unscripted, comedy, appearance, broadcast, voiceover, commercial and endorsement areas.
Coral Tree Partners describes...
As part of the deal, the agency has rebranded all of its existing divisions under a singular entity as Innovative Artists Entertainment. The company will continue to be led by Innovative founder and CEO Scott Harris and his management team.
Per the companies, “the investment from Coral Tree will help accelerate the company’s expansion by enhancing the resources to support its agents and a growing roster of talent.”
Financial aspects of the deal were not disclosed, but Variety has confirmed Coral Tree’s minority stake in Innovative Artists is a “significant investment.”
Founded in 1982 by Harris and Howard Goldberg before being rebranded as Innovative Artists in 1992, the bi-coastal agency serves clients across departments including talent, literary, production, unscripted, comedy, appearance, broadcast, voiceover, commercial and endorsement areas.
Coral Tree Partners describes...
- 26/03/2025
- por Jennifer Maas
- Variety - Film News
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