EXCLUSIVE: United Talent Agency (UTA) has revealed it paid more than £43M ($55M) to acquire UK agent Curtis Brown in 2022, with its revenue surging on the back of the deal.
UTA acquired Curtis Brown’s parent company Original Talent Limited in June 2022, but did not disclose financial terms. Sources told Deadline at the time that the deal was worth $45M-$55M.
A financial filing from United Talent Agency UK Limited on Companies House has revealed that it paid £43.3M for 100% of the agency that reps stars including Ncuti Gatwa and Robert Pattinson.
UTA’s UK earnings unsurprisingly rocketed. The company’s sales stood at £46.3M for the 14 months to the end of February 2023, a 12-fold increase on £3.7M in 2021.
UTA’s loss before tax widened to £14.4M last year, compared with £5.7M in 2021, though this is understood to be a result of debt structuring.
Original Talent was profitable over the 12 months to the end of February 2023, with its accounts showing a pre-tax profit of £3.3M. This was down from £6.6M the previous year.
UTA UK’s headcount rose from 64 to 346, according to the Companies House filing.
The filing said the impact of the U.S. strikes was “not yet known,” though it is unlikely to have helped UTA’s financial performance last year.
The group also lost valuable clients in recent weeks after Charles Collier, co-founder of Tavistock Wood, exited to set up London-based Chalcot Square Management.
Collier took with him stars including Rebecca Ferguson, Eva Green, and Freddie Fox, though Alicia Vikander and Lily James continue to be repped by UTA.