The divestiture process was confirmed via an internal memo reported by Pollstar, explicitly linking the sale to the scrutiny surrounding the release of the Epstein files. Founder Casey Wasserman has ceded day-to-day operational control to President Mike Watts, effectively removing himself from the active management hierarchy. This restructuring aims to halt potential client and agent attrition triggered by the investigation into Wasserman’s past communications with Ghislaine Maxwell.
From a market perspective, this highlights the extreme volatility of agency valuations when they remain closely tethered to founder personas. The prompt intervention by majority investor Providence Equity Partners suggests a strategy to ring-fence the agency’s core sports and music assets before the brand suffers permanent valuation erosion.
Curated by MusicResearch.com from Music Ally. Read the full article at: Wasserman Media Group to be sold amid Epstein-emails scrutiny