Wasserman Media Group Acquires Arn Tellem's Prominent Baseball and Basketball Athlete Representation Business
Deal Brings Elite Athletes Together With WMG's Category Leading Management,
Marketing and Content Businesses
LOS ANGELES, Jan. 27 /PRNewswire/ -- Through an acquisition that unites two industry powerhouses, Wasserman Media Group has added Arn Tellem's athlete management business to its portfolio of sports and media properties. Tellem will bring his clients and agency staff to WMG, and will become President, WMG Management, as well as a member of the company's newly-formed executive committee. With Tellem's clients, WMG Management will collectively represent the industry's top baseball, basketball and action sports athletes. The announcement was made today by Casey Wasserman, Chairman and CEO, Wasserman Media Group. "Arn is one of the most respected leaders in the sports industry and I am excited to have him as part of WMG. We remain committed to attracting and cultivating the most talented and accomplished individuals, and Arn and his team represent the best of those qualities," said Wasserman. "There were a lot of interesting partnership opportunities for our sports agency, but it was clear from the very beginning that Casey was who I wanted to be with most," said Tellem. "In Casey, we found someone who shares common values and our goal of building a worldwide sports company that is a leader in its field. The new arrangement is going to allow us to better service our clients because of the very strong marketing and media content businesses that WMG already has in place. I am very happy that our most valuable and trusted agents are coming over to WMG and I am looking forward to working with Casey to aggressively grow the business and turn WMG into a sports and entertainment powerhouse." Tellem has been representing professional baseball and basketball players for two decades and is recognized globally as one of the most successful dealmakers in sports. During his career as a certified player agent, he has negotiated some of the biggest contracts in NBA and MLB history. Tellem and his team of agents including Bob Myers, Joel Wolfe, Thad Foucher and Jeff Wernick, currently represent major league baseball players including Jason Giambi, Hideki Matsui, Nomar Garciaparra, Chase Utley and Barry Zito; and NBA stars including Tracy McGrady, Jermaine O'Neal and Pau Gasol. The acquisition builds on WMG's strategy to focus on developing high quality sports and media properties in the management, marketing and content categories on a global basis. Prior to joining WMG, Tellem served as Chief Executive Officer, SFX Sports Group. In his role as President, WMG Management, Tellem will oversee his baseball and basketball clients, and the company's existing action sports roster, which will continue to be managed by Steve Astephen, EVP, WMG Management and President, Action Sports. Tellem will also work closely with Casey Wasserman to identify and execute business strategies that drive expansion. Wasserman Media Group's other divisions are headed by Jeff Knapple, President, WMG Marketing; Eli Lande, President, WMG Events and Luke McDonough, President, Studio411. About Wasserman Media Group Wasserman Media Group, LLC (www.wmgllc.com) is a leading sports and entertainment management, marketing and content company, and its divisions collectively represent some of the industries' most recognized athletes and brands. The management business handles top basketball, baseball, and action sports talent including Jason Giambi, Tracy McGrady and Hideki Matsui among others. WMG Marketing is the preeminent naming rights agency for popular sports and entertainment destinations, and connects properties and brands through corporate sponsorships and marketing programs. WMG Content recently launched Studio411, the largest action sports studio with comprehensive mass market and specialty retail distribution. Wasserman Media Group is also the holding company for the Los Angeles Avengers of the Arena Football League. WMG has offices in Los Angeles, New York, London, Carlsbad and Charlotte.
SOURCE Wasserman Media Group
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