Adam Krentzman is ankling CAA after 17 years with the agency to form a film financing and production shingle that will be repped by his former employer.
New company — about 120 days from launch, according to Krentzman–will start off with three foreign output deals, equity investment and a domestic studio deal. It will also include a satellite division with a separate equity source that will produce projects budgeted at $10 million and under.
“I don’t have a great deal of interest in producing films,” Krentzman said. “I want to find films to finance them.”
Krentzman told Daily Variety that he has already identified five producers with whom he plans to make overall producing deals and is currently reading projects that he will present to his foreign partners.
“I’m sad to be leaving the people I work with, but I’m happy to be working with them in a new capacity,” Krentzman said.
Krentzman, who entered the CAA mailroom in 1986, spent the last five years concentrating on the international marketplace. He said Feb. 28 would be his last day at the agency.
His clients included Michael Bay, Bille August, Jonathan Mostow, Jamie Foley, Nicholas Pileggi, Jerry Bruckheimer, National Geographic, Radar Pictures, Anonymous Content, Crusader Films, Deep River Prods., Platinum Dunes, Renaissance Film U.K., Palomar Pictures and Studio Babelsberg.
Prior to CAA, Krentzman spent four years at Metromedia Television. He is on the board of the Telluride Film Festival.