CAA film finance and sales co-head Micah Green is exiting for a new venture with billionaire Dan Friedkin.
The yet-to-be named operation will focus on media and entertainment business investment.
Friedkin, the CEO of Gulf States Toyota Distributors, already has established ties to Hollywood as the main financial backer for Imperative Entertainment. The fledgling production-finance operation has a number of big projects in various states of production, including the Bradley Cooper WWII drama Atlantic Wall and the Scarlett Johansson period thriller Tangerine.
Green will exit his current post by the start of the Cannes Film Festival, with film finance and sales co-head Roeg Sutherland continuing to lead the group.
During Green's tenure, CAA was responsible for gathering funding for big awards contenders like Alejandro Inarritu's The Revenant and Birdman, Mel Gibson's Hacksaw Ridge and David O. Russell's American Hustle.
Prior to CAA, Green, a USC law-school grad, co-founded Cinetic Media in 2000 with attorney John Sloss. He left Cinetic for the agency in 2005.