Private equity is interested in the agency business, most likely because of their spin-off businesses in sports - is sports the new Hollywood model? - and less due to the changing value of talent in the media marketplace.

Via Deadline: Is this the beginning of the end of another Hollywood agency era? My sources tell me that, after months and months of negotiations with potential financial partners pursued by CAA, the agency has focused on KKR – Kohlberg Kravis Roberts & Co, the NYC-based private equity firm.

Via WSJ: The KKR investment would come at a tough time for Hollywood talent agencies, whose commissions have faltered. Plummeting DVD sales and the credit crunch have left studios cutting back on the number of shows and films they produce. This has limited work for actors and directors that agents represent, leading the agencies to explore new avenues of growth.  

What do Adrien Brody, Three 6 Mafia, and Shakespeare in Love have in common? They all won Oscars.  And you didn’t think they would. That’s right.  At the end of the day, the human brain is far too limited to ascertain with any true degree of certainty who will end up with the austere, naked, Bruce Willis-meets-the Tin Man-lookin’-fella at the end of the night.

But the thing is:  It feels really, really good when you’re right.