As a passionate cinephile, I’m thrilled to share that Innovative Artists, the company I hold dear, has recently partnered with Coral Tree Partners, a prominent private equity firm based in Los Angeles. This strategic move allows us to maintain our unique identity while having additional resources to grow and serve the film industry even better.
Under this arrangement, the agency’s current departments are now unified under one umbrella brand called Innovative Artists Entertainment. Scott Harris, the founder and CEO of Innovative, along with his leadership team, will continue to steer the company moving forward.
As a movie buff eagerly anticipating growth, I’m thrilled about the infusion of capital from Coral Tree. This investment will turbocharge our company’s development, providing us with enhanced resources to bolster our team of agents and nurture an expanding pool of talent.
The financial details of the agreement remain undisclosed; however, EbMaster has verified that Coral Tree’s ownership share in Innovative Artists represents a substantial investment exceeding 40% of the firm.
Established by Harris and Howard Goldberg in 1982, this agency later became known as Innovative Artists in 1992. With offices on both coasts, it caters to a variety of client needs across departments such as talent, literature, production, unscripted television, comedy, visual appearances, broadcasting, voiceovers, commercials, and endorsements.
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Originally founded by Harris and Howard Goldberg in 1982, the agency known today as Innovative Artists underwent a rebranding in 1992. With offices on both coasts, it provides services to clients across departments including talent, literature, production, unscripted television, comedy, visual appearances, broadcasting, voiceovers, commercials, and endorsements.
Coral Tree Partners is a private equity company specializing in investing in smaller businesses within the media, entertainment, and communications industries. They work alongside management teams to foster growth and generate long-term value through their extensive industry knowledge and operational skills.
In the course of the transaction, Innovative Artists Entertainment received counsel from Houlihan Lokey and Sheppard Mullin, while Coral Tree was guided by Kirkland & Ellis in their advisory role.
Harris expressed pride in guiding our agency through several decades as a thriving, autonomous talent management firm. We’ve consistently adapted to the dynamic entertainment sector, be it during a pandemic, labor disputes, or technological and artistic advancements within our field. Our alliance with Will and the Coral Tree team symbolizes the next phase in our journey towards continued expansion and rejuvenation, all while maintaining our primary goal of delivering exceptional client care.
Coral Tree’s partner Will Wynperle expressed gratitude about starting a genuine strategic alliance with Innovative at this thrilling phase of their agency’s development. We’ve always respected Innovative’s dedication to client representation and are excited to collaborate closely with Scott and the senior management team. Together, we aim to promote growth while prioritizing client representation above all else, focusing on comprehensive client service. Given the current high demand for top-notch content, Innovative is exceptionally well-positioned for long-term prosperity.
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2025-03-26 20:17