The closing of one of the entertainment industry’s top business-management firms — Breslauer, Jacobson, Rutman & Chapman — may be announced as early as today, with three of the partners opening the industry’s first accountancy firm run by women.
Partners Nancy Chapman, Terry Byrd and Bonnie Grey are set to hang out their own shingle, likely to be called Chapman, Byrd & Grey, and are expected to take with them a power list of clients.
The triumvirate’s current crop of customers includes music industry heavyweights Bruce Springsteen and Tina Turner, as well as film producers Scott Rudin and Ray Stark. Other clients include management powerhouse Brillstein/Grey Entertainment, actresses Demi Moore and Winona Ryder and director Tim Burton.
Follow the vet
While the list of clients to be divided among the partners has not been finalized, sources said the majority of those under Chapman’s charge are expected to follow the industry veteran to the new company.
The same is to be expected for the three other partners, Gerry Breslauer, Joel Jacobson and Mickey Rutman, who will ankle the firm to join Siegel, Feldstein, Duffin & Vuylsteke, a CPA firm with a strong music-industry presence. The merger would create the entertainment industry’s largest business management firm, with a client list exceeding 100 and reading like a Who’s Who of showbiz.
The Breslauer contingent currently oversees the financial action of Steven Spielberg, Joel Silver and Irving Azoff, in addition to actor Ted Danson and helmer Michael Mann.
Clients now under the Siegel, Feldstein banner include Priscilla Presley, Carlos Santana and Judd Hirsch. The firm is also known for its beefy contingent of hard-rock music acts, including the Red Hot Chili Peppers, Slayer, Megadeth, Tesla and Testament.
Several Breslauer, Jacobson clients contacted said they had not yet been informed of the split.
Breslauer, reached late Monday, confirmed the move but would not comment further. “We’re putting out a press release sometime in the next couple of days, ” he said. “Let me deal with it then.”