Private equity firm Veronis Shuler Stevenson pretty much likes what it sees in media related businesses in today’s mid-year update to its influential annual VSS Communications Industry Forecast. It projects total spending this year of $1.19T, up 5.6% while the U.S. economy is expected to grow 4.4%. And the industry should continue that pace, hitting $1.42T in 2015, VSS says. Fastest growing businesses are Pure-Play Consumer Internet and Mobile Services (+18.1%), Public Relations and Word-of-Mouth Marketing (+14.6%), Broadcast TV (+9.3%), Subscription TV (+7.7%), and Branded Entertainment (+7.5%). Co-founder John Suhler says that the forecast “highlights the impact of a strengthening economy” and calls the growth in devices such as smartphones and tablet computers “the best news for the industry in several years.”
EXCLUSIVE: Literary manager Stephen Crawford and former ICM agent Ava Jamshidi have joined the Literary Department at Industry Entertainment Partners as managers. Crawford most recently handled the lit side of Luber/Roklin Ent. All his clients are expected to follow. Crawford started his career at Industry Entertainment as an assistant.
Jamshidi has spent the last 6 years at ICM in the Motion Picture Literary Department. She also spearheaded the agency’s comic book and graphic novel division. Jamshidi began her career at APA.
In a statement, the Industry Partners said: “We are thrilled to have both Ava and Steve join Industry Entertainment. Ava was a well respected agent with a great eye for identifying talent and intellectual properties, and we look forward to launching her career in management. We welcome Steve back; he’s an accomplished manager with a terrific client list. Both Ava and Steve’s clients and sensibilities will fit perfectly with Industry’s existing client roster of high end literary talent.”
Laura Hersh and Michael Botti have worked their way up and have been promoted to managers at Industry Entertainment. Meanwhile, at WME, Ian McAllister, David Lubliner’s assistant, has been promoted to coordinator in the motion picture lit department.
BREAKING: Rosalie Swedlin has left an 11-year run at Industry Entertainment to join Anonymous Content as manager and producer. Current clients making the move with Swedlin include David Frankel, Richard Shepard, Lynn Shelton, Nigel Cole, Kirsten Sheridan, Gary Winick, Michael Engler, Tommy Schlamme, Jane Anderson and John Riggi. Swedlin will also bring several of her film and TV projects with her. Swedlin left ICM to join Industry in 1999, and produced Clockers, Red Corner and the HBO film Live from Baghdad. Swedlin started at CAA.
Bill Butler, a longtime fixture at Gersh’s New York headquarters before leaving to become manager, has landed at Industry Entertainment as a partner. He’ll continue to be Gotham-based, and starts off with the following clients, most long timers from Gersh: Chris Meloni, Melina Kanakaredes, Jane Krakowski, Calista Flockhart, Victor Garber, Cindi Lauper, Mario Cantone, Dagmar Dominczyk, Elena Rogers, Lee Tergesen and Dean Winters, the latter of whom he’ll manage with Industry’s Sandra Chang.