Investments
46Portfolio Exits
5About Michael Ovitz
Michael Ovitz established himself as a major force in Hollywood while heading the powerhouse talent agency Creative Artists Agency (CAA), founded in 1975 by a group of breakaway talent agents from the William Morris agency. Born in Chicago, Illinois, U.S.A., 14 December 1946. Graduated from University of California, Los Angeles, 1968; briefly attended law school. Joined William Morris Agency, first as trainee, then as agent, 1969-75; co-founder of Creative Artists Agency, 1975, and served as chair until joining Disney; president and member of board of directors, Walt Disney Company, since 1995.
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Latest Michael Ovitz News
May 4, 2023
Key Points A federal judge said that Google co-founder Larry Page can be served with legal papers by the government of the U.S. Virgin Islands for its civil lawsuit against JPMorgan Chase related to sex trafficking by the bank's long-time customer Jeffrey Epstein. The USVI previously was known to plan to subpoena Page's fellow Google co-founder Sergey Brin, as well as former Disney executive Michael Ovitz, Hyatt Hotels executive chairman Thomas Pritzker and Mort Zuckerman, the billionaire real estate investor and media baron. The USVI and a woman who says she was sexually abused by Epstein are separately suing JPMorgan, claiming the bank was complicit in his sex trafficking of multiple women. JPMorgan CEO Jamie Dimon is due to be deposed in the case in late May. In this article A federal judge said that Google co-founder Larry Page can be served with legal papers by the government of the U.S. Virgin Islands for its civil lawsuit against JPMorgan Chase A docket entry on Thursday did not disclose the nature of the legal papers the USVI wants to serve Page in the suit, which is pending in U.S. District Court in Manhattan. However, the USVI previously issued subpoenas in the suit to Page's fellow Google co-founder Sergey Brin , as well as former Disney executive Michael Ovitz, Hyatt Hotels executive chairman Thomas Pritzker and Mort Zuckerman, the billionaire real estate investor and media baron. The subpoenas sought documents and other information about Epstein and JPMorgan. Page was CEO of Google's parent Alphabet from 2015 through 2019, after previously serving as Google's chief executive officer. He remains a director of Alphabet. The USVI and a woman who says she was sexually abused by Epstein are separately suing JPMorgan, claiming the bank was complicit in his sex trafficking of multiple women. Epstein for years had millions of dollars on deposit at JPMorgan, and used money from those accounts to facilitate the travel of women to his residence on a private island in the USVI and elsewhere. JPMorgan, whose CEO Jamie Dimon is due to be deposed in the case in late May, denies wrongdoing. CNBC Politics On Wednesday, Judge Jed Rakoff held the latest in a series of telephone conferences in the case with lawyers for the parties to the suit. The docket entry detailing the conference was posted on the court's website on Thursday. It says "USVI has leave to file for alternative service of Larry Page by no later than noon on" Thursday. The term "alternative service" suggests that the USVI previously tried to serve Page with legal papers for the suit, but was unable to do so through traditional means, including by having a process server hand him the papers, or getting his own attorneys to accept them on his behalf. Alternative service can include mailing the legal papers, publishing them on a public news site or emailing them. CNBC has reached out to Page for comment. watch now
Michael Ovitz Investments
46 Investments
Michael Ovitz has made 46 investments. Their latest investment was in Bezel as part of their Seed VC on January 1, 2023.
Michael Ovitz Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
1/10/2023 | Seed VC | Bezel | $8M | Yes | Abstract Ventures, BoxGroup, Courtside Ventures, Emmanuel Acho, John Legend, John Reardon, Kevin Hart, Kyle Kuzma, Marlon Humphrey, Michael Ovitz, Operator Partners, Shrug Capital, and Undisclosed Investors | 1 |
10/11/2022 | Series B | Stairwell | $45M | Yes | 7 | |
9/27/2022 | Series B | Kumo | $18M | Yes | A Capital Group, Clement Delangue, Frank Slootman, Kevin Hartz, Michael Ovitz, Michael Stoppelman, Ron Conway, Sequoia Capital, SV Angel, and Undisclosed Angel Investors | 6 |
8/9/2022 | Seed VC | |||||
6/28/2022 | Seed VC |
Date | 1/10/2023 | 10/11/2022 | 9/27/2022 | 8/9/2022 | 6/28/2022 |
|---|---|---|---|---|---|
Round | Seed VC | Series B | Series B | Seed VC | Seed VC |
Company | Bezel | Stairwell | Kumo | ||
Amount | $8M | $45M | $18M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Abstract Ventures, BoxGroup, Courtside Ventures, Emmanuel Acho, John Legend, John Reardon, Kevin Hart, Kyle Kuzma, Marlon Humphrey, Michael Ovitz, Operator Partners, Shrug Capital, and Undisclosed Investors | A Capital Group, Clement Delangue, Frank Slootman, Kevin Hartz, Michael Ovitz, Michael Stoppelman, Ron Conway, Sequoia Capital, SV Angel, and Undisclosed Angel Investors | |||
Sources | 1 | 7 | 6 |
Michael Ovitz Portfolio Exits
5 Portfolio Exits
Michael Ovitz has 5 portfolio exits. Their latest portfolio exit was Blend on July 15, 2021.
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