CAA has sold a majority stake in Wiip, the producer behind HBO’s Mare of Easttown and Apple’s Dickinson, to Korean company JTBC Studios.
It marks the first sale of an agency-backed studio after CAA and the other agencies agreed to end their standoff with the WGA and sell a majority interest in their content divisions.CAA, which was previously the majority owner of wiip, will remain a minority shareholder in the Paul Lee-led company.Deadline understands that CAA had been shopping the stake around a number of traditional U.S studios but there were no takers.
It comes as others such as WME are still looking for a buyer for an 80% stake in Endeavor Content.Private equity company Atwater Capital, which took a stake in wiip in 2020, will also
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