Two major Hollywood brokerage firms announce that mergers and acquisitions are expected to become CAA rivals

two of the top five performing arts agencies in the United States & mdash;— 's 111year-old William & middot; Morris Agency (WMA) and 14-year-old Endeavor Agency announced a landmark M & A deal on April 27th, and the new company will be named William Morris Endeavor (WME) Entertainment.

The historic agreement brings together two of the industry's most respected entertainment agencies, covering film, television, music, theater, publishing, advertising, sports, marketing and offline production. In fact, WMA and Endeavor had been in talks for a year before the merger was announced. If approved by the local government, the deal is expected to be completed in the second quarter of this year.

in the past, we used to talk about the five major performing arts agencies in the United States, namely, innovative artists Agency (CAA), William & middot; Morris Agency (WMA), International Creative Management Company (ICM), United Artist Agency (UTA), and Endeavor Agency. Although it is usually called the Big five, CAA, which has brokerage contracts with a number of Chinese artists, including Zhao Wei, Wong Kar-wai and Yang Lan, has the most resources of agents, stars, athletes and venues because it spans entertainment, performance, sports and other fields.

WMA is famous for its wide range of business, including many areas of ldquo; & rdquo;. The company has a certain number of venue resources and musicians, and the annual income of the music performance department alone is guaranteed to be around $80 million. The company also owns a number of TV shows, including ABC's popular Reality Show show Dance with the Stars. In addition to its strong financial resources, WMA also has an international background and has an office in Shanghai. In the music field, the company's artists include & ldquo; Britney Spears & rdquo;, Kanye & middot; West, & ldquo; Rolling Stones & rdquo;, & ldquo; Eagles & rdquo;, etc. Korean King Rain has also signed up for the company in Hollywood. In terms of movies, Quentin & middot; Tarantino, Clint & middot; Eastwood, Transformers director Michael & middot; Bay, as well as Richard & middot; Gill, Denzel & middot; Washington, Russell & middot; Crowe, John & middot; yield Tower, Stallone and other stars.

Endeavor is famous for its big names, including Oscar-winning director Danny & middot; Boyle, Godfather directors Coppola and Martin & middot; Scorsese, as well as more than 300 big-name artists such as Matt & middot; Dimon, Hugh & middot; Jackman, Robert & middot; de Niro and Zhang Ziyi.

the combined new company (WME) is expected to have annual revenue of $325 million and will be the strongest competitor to ldquo; Big Brother & rdquo;CAA.