Price wasn’t the issue. Timing wasn’t the issue. The WGA dispute wasn’t the issue. Culture wasn’t the issue.
That merger that was about to happen between talent agencies UTA and Paradigm blew up like a summer sandstorm and just as quickly went away.
Why that happened tells you as much about how outside capital is changing the entertainment industry as it does about these individual players. That capital is putting pressure on even thriving companies to get bigger.