Creative Artists Agency, Hollywood’s biggest talent representative, is starting a new company to invest in YouTube stars and podcasters who want to be the next Oprah Winfrey or Reese Witherspoon.
CAA and Integrated Media Company, an investment arm of private equity firm TPG, have pledged $250 million to Compound Creative Holdings, a new company that will acquire and invest in businesses founded by entertainers who got their start online. Compound will be led by Tucker Brown, an investment banker who has already helped raise money for the YouTube trick-shot masters at Dude Perfect and the liberal podcasters ...
