The billionaire Pinault family will play a leading role in Hollywood after agreeing to buy a majority stake in Creative Artists Agency, a talent management company that boasts Brad Pitt and Steven Spielberg among the A-listers it represents.
Artémis, French businessman Francois-Henri Pinault’s holding company which owns assets worth more than $40 billion, will buy an estimated 53% stake in CAA from private equity firm TPG, which first acquired a stake in the agency in 2010.
