Endeavor Content’s Film Sales Team Returns To WME As Indie Studio Prepares To Sell Majority Stake

deadline.com:

EXCLUSIVE: Endeavor Content is gearing up to go to market later this summer to raise capital and take WME parent Endeavor’s ownership stake in the affiliated studio down to 20% to comply with the conditions of WME’s February deal with the WGA.We hear the studio leadership laid out their plans at an internal meeting today, during which it was also revealed that the film sales team that has existed under the EC roof will go back to WME under the moniker WME Independent.The move, with EC as financier/producer and WME handling film sales, aligns WME with the model used by other agencies.The meeting about EC’s intentions comes a week after CAA sold a majority stake in Wiip to Korean company JTBC Studios.