© Reuters. Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan Alcorn/File Photo
(Reuters) – Creative Artists Agency’s (CAA) top staff are in line to pocket more than $200 million as part of the acquisition of the Hollywood talent agency by the Pinault family, the Financial Times reported on Thursday.
Los Angeles-based CAA’s top executives including co-chair Bryan Lourd could sell a 5% stake in the deal, reducing their holding in the business to about a third, the report said, citing documents shared to potential lenders.
A final decision on a payout has yet to be made, the newspaper added.
Artemis and CAA did not immediately respond to Reuters requests for comments.
Earlier this month, French luxury goods billionaire Francois-Henri Pinault’s family holding company Artemis reached an agreement for a majority stake in CAA. Financial details of the deal were not provided.
CAA represents thousands of actors, directors and music artists including Beyonce and Pinault’s wife, Salma Hayek.
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