I just obtained a draft copy of Jeff Berg’s news release announcing his Resolution full-service talent and literary agency. There’s not much new compared with what I scooped on Sunday (EXCLUSIVE: Jeff Berg Opens New Agency ‘Resolution’ Monday; UPDATE: Investor ID) except that principal investor Jahm Najafi will serve on Resolution’s Board of Directors:
Jeffrey Berg has announced the formation of Resolution, a new full-service talent and literary agency, which has opened in Los Angeles and New York. Mr. Berg, who served as Chairman and Chief Executive Officer of ICM for 27 years, will be the Chairman of Resolution. Entertainment entrepreneur, film and television producer and music agent Jeff Franklin, will serve as Chief Operating Officer.
“As a founding shareholder, I am delighted to partner with Najafi Companies, a strategic private investment firm in the media industry, and Jeff Franklin, a recognized agent and builder in the music business, to launch Resolution. I look forward to working with an exceptional and diverse team of talents to provide our clients with the highest level of advisory and transactional services.” Mr. Najafi will serve on Resolution’s Board of Directors along with Mr. Berg and Mr. Franklin. Jahm Najafi, CEO of Najafi Companies added, “There is no smarter, strategic and knowledgeable agent than Jeff Berg. We look forward to sharing and building this progressive agency in an evolving entertainment marketplace.”
“We are fortunate to have Jahm and his team as our financial partners,” Mr. Berg said. “They are respected and experienced investors who share our passion for the worldwide entertainment community and bring deep critical industrial insights to our company.”
Mr. Franklin added, “With new office space secured and construction completed, our focus is to now expand the recruitment of agents to create a new enduring institution in our industry. Resolution will be active in all of the critical entertainment areas: film, television, theater, music, literary publishing, digital media, and marketing consultation.”
Resolution will focus on the core functions of talent representation but will also provide a wide range of financial and advisory services including the sale of libraries and catalogues, financial transactions for media companies, raising capital for independent and studio films, providing restructuring advice and the sale and licensing of independently financed films and television series to the domestic and international markets.
“After a long run at my former company, I want to re-engage in a new business again as an owner-operator, and Jahm and Jeff became my logical partners,” Mr. Berg stated. “Resolution has a business plan that allows for internal growth, and it also has the committed capital for outside strategic acquisitions.”
The executive team will include former WME Vice President of Finance and Controller Laura Li who will become Resolution’s Chief Financial Officer; former Universal Pictures and MGM senior international marketing and distribution executive Randy Greenberg who will serve as Co-Head of Operations and Business Development; and former Universal Pictures Executive-Vice President of Business Affairs and former CEO of Intermedia Pictures Jon Gumpert will act as General Counsel and Head of Business Affairs.