Jul
11
Droga5 Sells Stake to Talent Agency William Morris Endeavor
Posted in: Uncategorized
There’s a new entourage in the making: One of Hollywood’s most powerful moguls, Ari Emanuel, and one of Madison Avenue’s brilliant minds, David Droga, are linking up: Talent agency William Morris Endeavor has bought a 49% stake in Droga5, the agency founded in 2006.
Terms of the deal were not disclosed.
Mr. Droga — the Aussie founder of the shop and one of the industry’s most respected minds — has been gradually handing more responsibility to others. In April, he made Sarah Thompson CEO of Droga5, New York. But in a statement today the two companies said Droga5’s agency management will stay intact.
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