EQT's Kasper Knokgaard just led an investment into entertainment company UTA. Here's why the private-equity exec thinks access to top talent is a lucrative play in the evolving content industry. | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Friday, September 29, 2023
No Result
View All Result
Subscribe
  • Login
The Markets Café
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Finance

EQT’s Kasper Knokgaard just led an investment into entertainment company UTA. Here’s why the private-equity exec thinks access to top talent is a lucrative play in the evolving content industry.

by Press Room
August 13, 2022
in Finance
102 1
A A
0
21
SHARES
687
VIEWS
FacebookTwitter
  • Insider’s Banker of the Week series appears in our weekday newsletter, 10 Things on Wall Street.
  • This week we’re highlighting Kasper Knokgaard, who just wrapped up an investment for EQT in the  entertainment company United Talent Agency.
  • It’s the second investment that Knokgaard has led in the film-making industry, following EQT’s acquisition of Cast & Crew.

Loading Something is loading.

Kasper Knokgaard has done due diligence on the entertainment industry for years. In 2018, private-equity firm EQT, where Knokgaard is a partner, acquired Cast & Crew, a payroll provider for film and television productions.

Knokgaard said the purchase of Cast & Crew gave EQT insight into what content, from television shows to blockbuster films, was being made, and to an extent, provided a light into the private-equity firm’s next investment in the entertainment industry. Last month, EQT bought Investcorp’s stake in United Talent Agency, the Hollywood giant that represents A-listers like Angelina Jolie and Benedict Cumberbatch.

“The benefit of having Cast & Crew, we can see what they are producing. These big movies don’t just happen overnight,” Knokgaard, an EQT partner and its global head of services sector team, told Insider. “So we had a strong conviction in the market growth.”

Indeed, the entertainment industry has shifted remarkably since the pandemic led folks to consume television and film from their homes, and through numerous streaming services led by upstarts like Netflix, and heavily-bankrolled entities like Disney and Amazon.

Through exposure to Cast & Crew — and the inside track on productions and spend — Knokgaard was convinced talent was the linchpin these studios would tussle over to ensure they produced the best content. Consumers’ insatiable appetite for fresh content, from professional sports to reality television, was further reason to justify an investment in UTA.

“There’s more options, more offers for competing eyeballs, and we have more ways to consume entertainment, whether it’s the television, mobile phone, or iPad,” Knokgaard said. “Now, with so much different content to be produced, it means you need the talent to fill all this.”

The globalization of the entertainment space was another factor in Knokgaard’s desire for UTA. Netflix found success with Israeli shows like “Fauda” and the South Korean hit “Squid Game,” and EQT sees an opportunity for UTA to tap into a global pool of acting talent.

“Once you have the talent, you need to navigate this global system. That’s why we needed a big agency that has the scale and networks and the power,” he said.

EQT — which has approximately $79 billion in assets under management — invested in UTA through its EQT X fund. It is now the talent agency’s largest outside shareholder.

Jeremy Zimmer co-founded UTA in 1991 and remains chief executive of the company to this day.

Knokgaard joined EQT in 2007 and completed stints in its Copenhagen, New York, and Munich offices.


The Banker of the Week series is featured in Insider’s 10 Things on Wall Street — sign up here to get the newsletter each weekday morning.

Read the full article here

Related Articles

Finance

The 2024 Land Rover Defender 110 finds a near-perfect balance between off-roader and luxury SUV

September 29, 2023
Finance

Can China’s economy reverse a sluggish 2023 in the last quarter? Here’s what to watch

September 29, 2023
Finance

Bill Ackman believes the 10-year Treasury yield could approach 5% soon

September 28, 2023
Finance

The U.S. is nearing a government shutdown. What that means for stocks and how we’re playing it

September 28, 2023
Finance

UAW says picketing workers are getting hit by cars, having guns pulled on them

September 28, 2023
Finance

Delivering Alpha live updates: Bill Ackman talks struggling stock market, surging interest rates

September 28, 2023

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.