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Sumitomo ups Ace stake

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Sumitomo Corp. has upped its stake in Tokyo-based film producer-distributor Asmik Ace Entertainment to 75.3% and intends to create synergies with its own cable TV movie channels and cinema biz.

CAA gets its game on

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Creative Artists Agency has become the latest Hollywood talent agency to enter the sports dealmaking arena. CAA, which has hired Tom Condon and Ken Kremer from sports powerhouse IMG, has instantly…

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