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TPG CAA $$$

INITIALS: Private-equity behemoth TPG Capital announced today that it would increase its participation in CAA from 35% to a majority stake of 53%. Deadline estimates the cost of its increased ownership at $225 million. The change marks the first time CAA isn't majority-owned by its management team, all of whom—Richard Lovett, Bryan Lourd, Kevin Huvane and David O'Connor—will extend their pacts under the deal. TPG bigwig Jim Coulter praised the talent giant's "extraordinary growth across its divisions, alongside intelligent asset building and principal investment strategies," adding that George Clooney's hair is amazing. (10/20p)

BLACKOUT TUESDAY: HOW THE MAJORS RESPONDED
(6/5a)
HARLESTON, HABTEMARIAM LAUNCH UMG TASK FORCE
(6/5a)
SONY MUSIC SETS UP $100M FUND
(6/5a)
10K OPENS FUND TO AID BLACK YOUTH
(6/5a)
BLACK MUSIC MONTH: THE REVOLUTION WILL NOT BE TELEVISED
(6/5a)
WHAT NEXT?
The biz ponders action after some reflection.
GRAMMY SPECULATION
100% guaranteed to be somewhat accurate, probably.
BLACK MUSIC MONTH
...continues.
TRUMP'S IN THE BUNKER
Just to inspect it, though.
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