CAA has made an investment in Entertainment Benefits Group (EBG), one of the largest privately held travel and entertainment providers in the United States.EBG serves more than 40,000 corporate clients with a combined reach of more than 50 million employees, providing access to book entertainment and travel through company-sanctioned perk programs.EBG's distribution network also operates a group of consumer and B2B businesses, reaching more than 60 million users and selling over eight million admission tickets annually. Broadway's largest theater owner...
As president of CAA, Lovett and his managing partners have continued to be a top player in the agency world even after the sudden change in management in the mid-90s, when Lovett along with Bryan Lourd, Kevin Huvane and David O’Connor took over as managing partners following the departures of long time heads Ron Meyer and Mike Ovitz.
While Lovett and CAA continue to represent some of the industry’s biggest names, including Tom Hanks, Will Smith, Steven Spielberg, J.J. Abrams and Robert De Niro, Lovett has played an essential part in getting the agency into sports representation in the mid-2000s. For years now, CAA has been one of the few talent agencies to compete in the sports representation realm, with clients that include Cristiano Ronaldo, Chris Paul, Matthew Stafford, Drew Brees, Eli and Peyton Manning and Robinson Cano.
One of the biggest endeavors Lovett and his fellow partners have spearheaded in the past decade is its partnership with equity firm TPG in 2010, with the firm acquiring a 35% minority stake in the agency. The deal has since grown from 35% to 53% in 2015, which marked the first time that the Hollywood agency was not fully owned by operating partners.
Lovett also had a hand in reshaping the agency in 2017 by forging a relationship with CMC Capital Partners to launch CAA China, an opportunity that gives CAA a minority stake in the agency.
One of Lovett’s most recent plum assignments in 2017 was representing the film-adaptation ambitions of Bill Clinton, who teamed up with James Patterson on a coming mystery novel.