Michael S. Ovitz is a Hollywood mogul active in the fields of entertainment, advertising, finance, business and philanthropy. He co-founded Creative Artists Agency (CAA) in 1975 and served as its chairman until 1995, served as President of the Walt Disney Company, from 1995 to 1997, and co-founded VC fund Broad Beach Ventures in 2010.
In 1974 Ovitz co-founded Creative Artists Agency (CAA) with several agents from William Morris. Ovitz served as its Chairman until 1995, growing the agency from a start-up organization to the world's leading talent agency, representing the top actors, directors, musicians, screenwriters and other personalities in the entertainment industry. Ovitz shifted negotiating leverage from studio to agency by assembling "package deals", wherein CAA would provide directors, actors and screenwriters as a package - forever changing the power dynamics in the industry.
Ovitz also expanded the role of the agency from talent management into corporate consulting, investment banking and advertising. He helped negotiate Matsushita's acquisition of MCA/Universal, the financial rescue of MGM/United Artists, and Sony's acquisition of Columbia Pictures. He shook up the advertising industry by winning Coca-Cola's global advertising account in 1991 from traditional . Mr. Ovitz also served as President of the Walt Disney Company, from October 1995 to January 1997.
In 2010 Ovitz launched Venture Capital fund Broad Beach Ventures where he is among a select group of angels. Investments thus far have included Medium, Palantir, Klout, Blend Labs, HipSwap, Factual, and more. Ovitz is also Advisor to a number of Silicon Valley VC firms, including Andreessen Horowitz, Thrive Capital, and Formation 8.
Ovitz has served as a member of the Board of Directors for J. Crew Group Inc., Gulfstream Aviation and Opsware. He served as Chairman of the Executive Board of the UCLA Hospital and Medical Center and headed up the Capital Campaign to raise money for their new hospital, designed by I.M. Pei. He also served on the Executive Advisory Board of the Pediatric AIDS Foundation, the Board of Directors of D.A.R.E. America, and the National Board of Advisors for the Children's Scholarship Fund. He currently sits on the Board of Directors of the Museum of Modern Art. He is a member of the Council on Foreign Relations and is on the Board of Advisors of Andreessen Horowitz.
|Dec, 2015||Factual||$35M / Series B||Personal Investment|
|Jul, 2015||Roam Analytics||$9.59M / Series A||Personal Investment|
|Jan, 2014||Medium||$25M / Series A||Personal Investment|
|Nov, 2011||GoodRx||$1.5M / Seed||Personal Investment|
|Dec, 2010||Factual||$25M / Series A||Personal Investment|
|Apr, 2009||doubleTwist||$5M / Series B||Personal Investment|
|Mar, 2000||Campus Pipeline||$55M / Series B||Personal Investment|
|Jul, 1999||GameSpy||$3.4M / Series A||Personal Investment|
BA, School of Film and Television1968
|Sep 14, 2016||Wired News - Silicon Valley’s Secrets Are Hiding in Marc Andreessen’s Library|
|Sep 12, 2016||Slate - Tech - The author of a new book about legendary talent agency CAA on how Hollywood—and movie stardom—has changed over the past four decades.|
|Sep 2, 2016||yahoo.com - Ron Meyer-Michael Ovitz’s ‘Powerhouse’ Showdown Postponed (EXCLUSIVE)|
|Aug 9, 2016||showbiz411.com - Mike Ovitz on Why Tom Cruise Wasn’t Criticized for Scientology in the 1990s: “We surrounded him, and we were so careful.”|
|Apr 22, 2016||Denver Post - Art dealer pleads not guilty in $1 million embezzlement case|
|Dec 19, 2015||The Economist - The force is strong in this firm|
|Dec 11, 2015||Boston Tech Flash - Location, location, location: Factual raises Series B to track your whereabouts|
|Dec 11, 2015||PE HUB - Factual raises $35 mln Series B funding from investor group|