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Summary

Last updated on November 3rd, 2021 at 07:59 am

My Rating: 9 of 10

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Michael Ovitz is the founder of Creative Artists Agency, and in the late-80s early-90s, the king of Hollywood.

He represented all the big stars, and negotiated the sale of two studios. Like Teddy KGB, “he’s the one guy you don’t want to f- with.” By the time I arrived in Hollywood, Mr. Ovitz’s heyday had passed, but I was fascinated by him (I wrote about that fascination in October 2013.) In this article, he briefly looks back at what he built, mistakes he made, and talks about his new book.

Favorite quotes:

“Nathan Myhrvold was employee number three at Microsoft. One of the smartest men I’ve met. He said to me, ‘Michael, whatever comes out of a speaker is going to end up in the ether someplace and be able to be pulled down by people for free.’ I was an apostle of his point of view.

I told it to the head of every music company that I was an adviser to. And like anything else in life, they focused on what was immediate, which was quarterly sales of CDs and DVDs.”

For what

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Michael Ovitz

Michael S. Ovitz is an American businessman, investor, and philanthropist. He is a talent agent who co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995. Ovitz later served as President of The Walt Disney Company from October 1995 to January 1997.

Ovitz founded Creative Artists Agency in 1975 along with fellow William Morris Agents Ron Meyer, Bill Haber, Rowland Perkins, and Mike Rosenfeld. Borrowing only $21,000 from a bank, the agents rented a small office, conducting business on card tables and rented chairs, their wives taking turns as agency receptionist.

Under his direction, CAA quickly grew from a start-up organization to the worldâs leading talent agency, expanding from television into film, investment banking, and advertising. Ovitz was known for assembling âpackage dealsâ, wherein CAA would utilize its talent base to provide directors, actors and screenwriters to a studio, thus shifting the negotiating leverage from the studios to the talent. As CAA rose in stature Ovitz became one of the most powerful men in Hol

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Michael Ovitz

American businessman (born 1946)

Michael Steven Ovitz (born December 14, 1946) is an American businessman. He was a talent agent who co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995. Ovitz later served as president of The Walt Disney Company for only 16 months from October 1995 to January 1997.

Early life and education

Ovitz was born to a Romanian Jewish family^[1]^[2]^[3] in Chicago, Illinois, the son of a liquor wholesaler. Raised in Encino, California, he was student body president at Birmingham High School in Van Nuys, a classmate of Sally Field and Michael Milken.^{[citation needed]}

Ovitz graduated from the University of California, Los Angeles in 1968 with a bachelor's degree in psychology.^[4] While a student at UCLA and president of Zeta Beta Tau, he began his entertainment career as a part-time tour guide at Universal Studios.^[5]

Career

After his graduation from UCLA, Ovitz secured a job in the mailroom at the William Morris Agency. From