CAA launching Sports Media division

Entrepreneur, private-equity firm are partners

CAA is forming a division called Sports Media Ventures in partnership with entrepreneur Chris Bevilacqua and the private-equity firm Evolution Media Capital.

CAA ballyhoos its new division as combining the entertainment expertise of a talent agency with Bevilacqua, who co-founded College Sports TV and is a partner in SCP Worldwide, and Evolution, which structured such financial deals as the $1 billion harvested by Summit Entertainment, the $525 million chalked up by Marvel Entertainment and the $500 million cobbled together by United Artists.

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