Casey Wasserman, chairman of the 2028 Los Angeles Olympics, is selling his talent agency after revelations in the Jeffrey Epstein files, according to multiple news sources. The private equity firm Providence Equity, which owns Wasserman, has vowed to keep the company intact and invest in its growth, despite the founder’s impending departure.
The decision to sell the agency follows the release of documents related to Jeffrey Epstein, which revealed emails between Wasserman and Ghislaine Maxwell. Though Wasserman has not been accused of any wrongdoing, he stated he felt he had become a distraction, prompting the sale. The LA28 board reviewed the situation and concluded his relationship with Epstein and Maxwell was limited to what was already public, according to CBS News.
Providence Equity is aiming to calm concerns within the Wasserman agency, which operates in music, sports, marketing, and entertainment. The firm plans to invest in growth and mergers and acquisitions (M&A) options, according to Variety.
The Epstein scandal has also impacted other prominent figures. Sultan Ahmed bin Sulayem resigned as chairman and CEO of DP World, a global ports operator, after the revelation of his extensive email exchanges with Epstein, as reported by BBC Business. This resignation came amid mounting pressure, including suspended investments and scrutiny from the UK Charity Commission and US lawmakers.
In other news, fashion designer Kate Barton is integrating AI into her New York Fashion Week presentation, partnering with Fiducia AI to create a multilingual AI agent using IBM technology. This agent will allow guests to virtually try on pieces from her new collection, according to TechCrunch.
Discussion
AI Experts & Community
Be the first to comment