Former Wasserman agency rebrands as THE•TEAM under new ownership

The short version

• The booking agency previously known as Wasserman rebranded as THE•TEAM following the exit of founder Casey Wasserman.[Billboard]
• Majority owner Providence Equity Partners assumed full ownership of the agency and its assets on July 28.[Billboard]
• Existing leadership remains in place, and the vast majority of music clients stayed with the firm.[Billboard]
• Only four publicly vocal musical acts chose to depart for other talent representation.[Billboard]

Key facts

• Casey Wasserman resigned as chief executive and sold his stake to Providence Equity Partners.[Billboard]
• The agency adopted the name THE•TEAM while retaining its leadership, including music co-presidents Lee Anderson and Kevin Shivers.[Billboard]
• Providence Equity Partners formally took over full ownership of the booking business and all assets on July 28.[Billboard]
• The company's overall asset valuation was reported by Puck to be $3.4 billion.[Billboard]
• Among acts who spoke out publicly, only Orville Peck, Dropkick Murphys, Sylvan Esso, and Dispatch departed.[Billboard]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• After Wasserman Rebrand, THE•TEAM Forges Ahead With Artist Roster Largely IntactBillboard