CAA's Micah Green, the agency's top independent film agent, is exiting for a new venture with billionaire Dan Friedkin.
The yet-to-be named operation will focus on media and entertainment business investment.
Green, who headed the film finance and sales group for the agency, will exit his current post by the start of the Cannes Film Festival. Roeg Sutherland will continue to lead CAA's film finance and sales 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.
More to come.