News

PGA Tour: Marking the culmination of a long-term strategic planning process designed to best serve fans through traditional broadcast, Over-the-Top streaming (OTT) and emerging technologies, the PGA TOUR today announced its new nine-year domestic media rights portfolio for 2022-2030. Evolution Media Capital, a division of Creative Artists Agency (CAA), served as the media advisor to PGA TOUR.

The Hollywood Reporter: Legendary Pictures will invest in Library Pictures International, a recently launched content financing operation from CAA Media Finance that has a focus on local language production slates.  The deal was brokered by Sam Kozhaya on behalf of Legendary and CAA Media Finance on behalf of Library, with Evolution Media Capital served as sole financial advisor to Library.

Sports Business Journal: Alan Gold gives thoughts on future of sports media rights landscape.

Alabama.com: The SEC hired Khan and Evolution Media Capital’s Alan Gold to represent the league in its negotiations with television networks, signaling to many that it wanted a big payday this time around.

Deadline: Wheelhouse Entertainment has acquired a majority stake in Den of Thieves, the production company behind Netflix’s "Taylor Swift: Reputation Stadium Tour Special."  Brent Montgomery’s firm has invested in the live-event, scripted and non-scripted company, which was established by Jesse Ignjatovic and Evan Prager.

Deadline: Rian Johnson and Ram Bergman have launched T-Street, an entrepreneurial new company that will generate original content for film and TV shows. The venture is fully capitalized by global media company Valence Media, and longtime picture partners Johnson and Bergman have the financial ability to develop, produce and finance projects, with T-Street holding a substantial financial stake.

Wall Street Journal: The PGA Tour is seeking a new media-rights deal with a big increase in fees and a dedicated golf channel, and has drawn interest from suitors including AT&T, Fox, Walt Disney’s ESPN and Amazon, according to people familiar with the matter.  The Tour’s current deals with Comcast’s NBC and Golf Channel, and CBS have more than two years left on them, but talks are already under way with those companies and other potential partners about a new pact.

Sports Business Journal: Caroline Rebello is 1 of 40 women in senior leadership roles across sports business have been selected for recognition next month as part of Sports Business Journal’s ninth annual class of Game Changers.

Sports Business Journal: The SEC’s media deal with ESPN runs into 2034, so what does Commissioner Greg Sankey need with media advisers Gold and Khan? They will be major factors for the SEC on two fronts — helping negotiate the next CBS deal for the 3:30 p.m. ET game of the week, and drafting a strategy to make the most out of the conference’s current media agreements, including long-term contracts with ESPN.

Variety: McMahon’s XFL said it struck deal with both Walt Disney Co. and Fox Corp. that will give weekly berths on both ABC and Fox to the XFL’s inaugural season. Those broadcasts will be supplemented by games on the companies’ cable networks, including ESPN, ESPN2, FS1 and FS2.  The agreements were negotiated by CAA Sports and Evolution Media Capital on behalf of the XFL.