WME-IMG Buys Majority Stake in Film Sales-Finance Company Bloom

WME-IMG has acquired a majority stake in the film finance and sales company Bloom, headed by Ken Kao and Alex Walton.

Bloom will continue to operate and remain focused on sales, finance, and production. The news comes a week before the opening of the Toronto International Film Festival, where several Bloom titles are premiering, including George Clooney’s “Suburbicon” and Scott Cooper’s “Hostiles,” which stars Christian Bale and Rosamund Pike.

Bloom is also handling Kate and Laura Mulleavy’s “Woodshock,” starring Kirsten Dunst, which A24 will release after its Venice premiere. Bloom’s other projects include “The Nice Guys,” starring Ryan Gosling and Russell Crowe; Danny Strong’s “Rebel in the Rye,” Mel Gibson-Vince Vaughn crime drama “Dragged Across Concrete”; “Book Club,” starring Diane Keaton, Jane Fonda, and Candice Bergen; Jared Leto’s “The Outsiders”; and “Bel Canto” with Julianne Moore and Ken Watanabe.

Earlier this summer, WME-IMG received a $1.1 billion cash infusion in an investment led by The Canada Pension Plan Investment Board and Government of Singapore Investment Fund, which joined Silver Lake Partners, a private equity firm that owns a significant stake in the agency.

The deal is an outgrowth of the working relationship between Bloom and WME partners Graham Taylor and Chris Rice, who oversee the agency’s finance/sales business.

“WME has been a trusted collaborator for me since I began in the business, and I am really delighted that they feel the confidence in what we have achieved at Bloom to now join us in helping build Bloom towards our next phase of evolution through increased content ownership and production,” Kao said in a statement.

The news was first reported by Deadline Hollywood.

More Biz

  • Bert Salke and Jennifer Salke

    Feds Looked Into Amazon Studios Chief Jennifer Salke in College Admissions Scandal

    Federal investigators looked into Amazon Studios chief Jennifer Salke and her husband, Fox 21 Television Studios president Bert Salke, as they conducted a sprawling probe of cheating in elite college admissions, a source close to the case told Variety. It does not appear, however, that prosecutors will charge the Salkes in the case. The Salkes [...]

  • Variety Cord Cutting Placeholder Cable

    Big Blackout Looms as CBS, AT&T Go Down to Wire on Renewal Talks

    A blackout affecting CBS stations in major markets throughout the country looms as CBS and AT&T executives go down to the wire on negotiations for a retransmission consent deal covering 28 O&O stations. The sides have sparred publicly during the past few days as 11 p.m. PT Friday expiration of the previous contract approached. AT&T [...]

  • Contract Placeholder Business WGA ATA Agent

    ICM Responds to WGA Packaging Lawsuit: Claims are 'Baseless' and 'Absurd'

    ICM Partners has asked a judge to dismiss the lawsuit filed against four major talent agencies by the Writers Guild of America as part of the larger war between agencies and the guild over packaging fees on TV series and movies. The guild sued ICM, CAA, WME and UTA in California state court in April, [...]

  • New York City NYC Placeholder

    CityFM Podcast Takes a Deep Look at New York’s Music Scene (Listen)

    First among the many projects listed at the beginning of New York Music Month in June was a WNYE radio show and podcast called CityFM that promised to “explore the city’s music culture, emerging artists and trends, and upcoming events told through the lens of what’s happening around the city in Summer 2019.” And while [...]

  • Live Nation Logo. (PRNewsFoto/Live Nation)

    Live Nation Confirms Placing Tickets Directly on Secondary Market at Artists’ Request

    Representatives for Live Nation, the world’s largest live-entertainment company and owner of Ticketmaster, confirmed that it bypassed conventional channels and directly placed thousands of concert tickets on the secondary market upon artists’ request, in an article published in Billboard. In a statement shared with Variety, the company acknowledged that it has facilitated the transfer of [...]

  • Costume designer Michele Clapton

    Costume Designers Fashion a Plan to Fight for Pay Parity in Upcoming Contract Talks

    The Costume Designers Guild Local 892 is gearing up to fight for pay equity in its 2021 contract negotiations with the Alliance of Motion Picture and Television Producers, establishing a pay-equity committee to raise awareness of the scale disparity between the mostly female CDG membership and the mostly male membership of the Art Directors Guild Local [...]

More From Our Brands

Access exclusive content