CAA netted $60 million from Panasonic's $6.5 billion Universal acquisition
David Senra · The Rise and Fall (and Rise) of the Most Powerful Man in Hollywood: Michael Ovitz · Mar 21, 2025 · at 1:17:56
David Senra recounts from Michael Ovitz's memoir how CAA advised on Panasonic's $6.5 billion purchase of MCA Universal and collected an unprecedented advisory fee.
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“They handed me a colossal check to distribute as I saw fit, a hundred and thirty five million dollars. After paying the bankers and all the consultants, I was left with sixty million dollars for CAA, which would be about a hundred and ten million today.”
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