In A Rare Interview, Ovitz Defends His Power

Q. As a talent agency, CAA represents many of the top stars. Now you have agreed to advise Credit Lyonnais, the French bank that effectively controls MGM. Isn't it a blatant conflict of interest to advise a studio while representing movie stars, directors and writers who seek work at studios?

A. I'm not advising MGM. I'm advising a bank that holds a major stake in MGM, that has loaned $3.1 billion to various entertainment companies and wants to rethink its entertainment investment strategy.

Q. Why?

A. I didn't call them. Credit Lyonnais called us. They want to learn more about films,...

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