Michael Ovitz co-founded Creative Artists Agency (CAA) in 1975 and served as its Chairman until 1995, growing the agency from a start-up organization to the world’s leading talent agency, representing more than 1,000 of the most notable actors, directors, musicians, screenwriters and personalities in the entertainment industry.
Ovitz expanded the purview of the agency by moving into such activities as corporate consulting, investment banking and advertising. He helped negotiate such transactions as Matsushita’s acquisition of MCA/Universal, the financial rescue of MGM/United Artists, Sony’s acquisition of Columbia Pictures, and winning Coca-Cola's global advertising account in 1991. Mr. Ovitz also served as President of the Walt Disney Company, from October 1995 to January 1997.
In 2010 Ovitz successfully launched venture capital fund Broad Beach Ventures, which includes a portfolio of over thirty companies including Medium, Palantir, Klout, Priceonomics, GoodRx, Blend Labs, HipSwap, Factual, doubleTwist, RelateIQ, Ground Crew/Citizen Logistics and more. BBV also consults with venture capital firms, private equity firms and hedge funds, including Andreessen Horowitz, Formation 8, Founders Fund and others.
Ovitz has also served as a member of the Board of Directors for J. Crew Group Inc., Gulfstream Aviation and Opsware. He served as Chairman of the Executive Board of the UCLA Hospital and Medical Center. He also served on the Executive Advisory Board of the Pediatric AIDS Foundation, the Board of Directors of D.A.R.E. America, and the National Board of Advisors for the Children’s Scholarship Fund. He currently sits on the boards of both the Museum of Modern Art and the Council on Foreign Relations.