Connecting the live music industry
Wasserman Puts Global Music Agency Up for Sale
February14
Casey Wasserman has initiated the sale of his namesake agency, Wasserman, including its global music division, amid ongoing fallout related to disclosures in the Epstein files concerning his past relationship with Ghislaine Maxwell.
The planned divestment will include the agency’s music, sports, and marketing businesses, as well as the Brillstein Entertainment Partners talent division acquired in 2023.
While Wasserman operates across multiple sectors, its music agency has grown into one of the most influential players in the global live touring market.
Founded 24 years ago, Wasserman expanded significantly in music representation following its acquisition of The Agency Group in 2015, a move that positioned the company as a major competitor to other global agencies in the touring sector. Providence Equity Partners became an investor in Wasserman in 2022 and now owns a majority of the firm.
The firm represents a broad roster of international touring artists across rock, pop, hip-hop, electronic, and legacy acts, with a strong footprint in North America and Europe. Its music division is active in global routing, festival bookings, arena and stadium touring, and brand partnerships connected to live performance.
In a memo to staff, Wasserman confirmed the sale process and addressed the impact of recent events.
“I’m deeply sorry that my past personal mistakes have caused you so much discomfort,” Wasserman wrote in a memo sent Friday evening. He added:
“At this moment, I believe that I have become a distraction to those efforts. That is why I have begun the process of selling the company, an effort that is already underway. During this time, Mike Watts will assume day-to-day control of the business while I devote my full attention to delivering Los Angeles an Olympic Games in 2028 that is worthy of this outstanding city,”
Within the live music industry, Wasserman’s agency division is known for its international touring infrastructure and senior leadership across key markets. The company has built teams in major music hubs including Los Angeles, New York, London, and other European cities, servicing promoters, festivals, and venues worldwide.
The sale introduces uncertainty around one of the major independent agency platforms operating in the global touring market, particularly at a time of continued consolidation among leading representation firms.
In his memo, Wasserman reflected on the significance of the company to him personally:
“Other than my children and my fiancée, there are two things that matter most to me in this world: this company that I founded 24 years ago, and the dream I’ve pursued for more than a decade of bringing the Olympic Games back to the city I love,” Wasserman wrote.
Specifics regarding the structure, valuation, or potential buyers have not yet been disclosed.
Beyond the agency business, Wasserman remains chairman of LA28, the organizing committee for the 2028 Summer Olympic Games in Los Angeles. Earlier this week, the LA28 board voted to reaffirm him in that position amid public calls from some local officials for him to step down.
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