Michael Ovitz, co-founder of Creative Artists Agency (CAA), describes how CAA built unprecedented market power in Hollywood by dominating top directing talent.
“Having A 75% market share of the talent for me wasn't enough, which people thought I was crazy, because no one had ever gotten over 25. We had 46 of the top 50 grossing filmmakers in the world.”
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More from Michael Ovitz
AssertionSupported
Ovitz: AI music platforms Suno and Udio construct songs using copyrighted IP
“We've seen it, what's going on with Suno and Udio, where they're taking IP that other people own, even 10 seconds of it, and Constructing custom-made songs.”
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“My thesis about all these companies, if you don't have someone that understands talent running the company, because you can always get an operator, if you don't have someone who understands talent, that company's gonna die”
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“I don't want to put a percentage on it, because I honestly don't know. But if you asked me, off the top of my head, I'd say 90%.”
Michael OvitzNov 23, 2025▶ 7:53CAA Co-founder Michael Ovitz: Failure Is Not an Option
Insight
Ovitz: All businesses require aggressive market control and pursuit of monopoly
“Every business is the same. Now, the details are different, right, but the business is. The blocking and tackling is all the same. And it's always about momentum and focus and loyalty and aggressive, ah, control of marketplace and monopoly. Monopoly. I'm a mon…”
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“Today, there's no such thing. Today, you have to be a generalist. You have to know a little bit about everything, and then, unless you're a deep scientist, and you're founding Palantir, or Anthropic, or one of these businesses that require extraordinary brain …”
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Opinion
Ovitz: Phil Knight is the most competitive businessman alive
“Phil Knight is the most competitive businessman alive, and bar none.”
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