Overview
- The company unveiled the new THE·TEAM brand and launched its web presence at the.team.
- A formal sale process is underway with interest in all or parts of the agency, and the transaction is expected to take months.
- Industry reporting indicates a sale to a private equity firm or an individual is more likely than a wholesale purchase by rivals, though CAA and UTA were said to have evaluated pieces.
- Majority owner Providence Equity Partners is keeping its stake and backing interim day-to-day leadership under president Mike Watts.
- The rebrand follows DOJ-released records tying Casey Wasserman to Jeffrey Epstein and Ghislaine Maxwell that led to high-profile client exits, with the music division now described as calmer.