Throughout his career Michael Ovitz has been involved in a wide variety of activities in the worlds of entertainment, advertising, finance, business and philanthropy. In 1975 Ovitz co-founded Creative Artists Agency (CAA), serving as its Chairman until 1995. Over that 20-year period, he grew 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 other 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, and Sony’s acquisition of Columbia Pictures. He shook up the advertising industry by 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 co-founded venture capital fund Broad Beach Ventures (BBV), 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 consults with venture capital firms, private equity firms and hedge funds, including Andreessen Horowitz, Formation 8, Founders Fund and others.