© Reuters. Cars are shown lined up at the valet parking area outside the Creative Artists Agency building in Los Angeles, California, September 24, 2012. REUTERS/Jonathan Alcorn/File Photo
(Reuters) – Creative Artists Agency’s (CAA) top staff are in line to pocket more than $200 million as part of the acquisition of the Hollywood talent agency by the Pinault family, the Financial Times reported on Thursday.
Los Angeles-based CAA’s top executives including co-chair Bryan Lourd could sell a 5% stake in the deal, reducing their holding in the business to about a third, the report said, citing documents shared to potential lenders.
A final decision on a payout has yet to be made, the newspaper added.
Artemis and CAA did not immediately respond to Reuters requests for comments.
Earlier this month, French luxury goods billionaire Francois-Henri Pinault’s family holding company Artemis reached an agreement for a majority stake in CAA. Financial details of the deal were not provided.
CAA represents thousands of actors, directors and music artists including Beyonce and Pinault’s wife, Salma Hayek.
This story originally appeared on Investing
