UPDATE: Jason Bateman announced he and Will Arnett were forming a digital driven production company partnered with Ben Silverman’s new Electus. It will focus on developing commercials and shorts for advertisers. The name of the company? DumbDumb! What would really be dumb is if Bateman, who’s been childhood friends with Silverman, is getting career advice from Ben.

EXCLUSIVE: batemanI’ve often called Jason Bateman the hardest working actor in showbiz because he’s appeared in so many films recently. So it’s surprising to learn that he’s left UTA board member Tracey Jacobs who’s repped him for nearly 25 years. (With a couple of breaks in between, but I’m told each time he eventually came back to her.) “He just wanted to make a change,” said my insider. The Arrested Development star has appeared since 2007 in Couples Retreat, The Invention of Lying, Up in the Air, Extract, State of Play, Hancock, Forgetting Sarah Marshall, The Promotion, Mr. Magorium’s Wonder Emporium, and Juno. Bateman next appears in Universal’s Paul and then in Mandate’s Baster. No word on where he’s headed.