WME promotes Richard Weitz and Christian Muirhead to co-chairmen

WME is shaking up its senior ranks, promoting two longtime executives to jointly oversee the talent agency and its representation business.

The Beverly Hills-based company named Richard Weitz and Christian Muirhead as co-chairmen, succeed Lloyd Brown in the role, the agency said Thursday. Braun, a veteran entertainment executive who joined WME’s Ari Emanuel-run parent company Endeavor in 2019 to oversee its representation business, will leave at the end of the year.

“I want to thank Lloyd for his leadership over the past three years, navigating WME through the pandemic and setting the agency on course for its best fiscal year ever,” said Endeavor’s president. Mark Shapiro. “Lloyd has left an indelible mark on WME and laid a strong foundation for the future.”

Ari Greenburg, who was named president of WME in Dec. 2018 and was an early partner in the agency, will continue in the role and report to Muirhead and Weitz.

Weitz steps into the role of co-chairman after serving as a partner since 2002 and joining the firm twenty-five years ago in 1997. The director has held key roles and clients (Tina Fey, Ricky Gervais, Julianne Hough and Dan Levyamong many others) at WME and headed the agency’s television packaging department. And during the height of the pandemic, he raised millions for charity with his virtual “Quarantunes” events.

“WME is home to me, and I’m thrilled to continue its century-long history and help set the course for the next 100 years,” Weitz said. “I have had the privilege of working with some of the most talented artists, agents and industry leaders for over 25 years. I am humbled to have this incredible opportunity to expand those relationships and introduce new ones while working with Ari Greenburg, Dan Limerick and the entire management team to create additional value for our customers.”

Muirhead, meanwhile, is moving back from the Endeavor business to the talent agency after serving as head of communications for the combined sports and entertainment company since 2014. The executive also played a role in the drive to take Endeavor public last year after the company scrapped an earlier IPO attempt in 2019. Muirhead first joined WME in 2004 and went on to serve as the agency’s head of communications four years later.

“Having started my journey at WME, I’ve had a front-row seat to the evolution of the entertainment industry and the growing influence of talent in shaping it,” said Muirhead. “I look forward to leveraging the full scale and depth of Endeavor’s network on behalf of our clients, making connections and creating opportunities to help them build industry-leading brands and businesses.”

Braun — who served as chairman of WME and president of Endeavor Client Group — joined the company just under three years ago when it invested in Whalerock Industries, the digital media company he originally founded as BermanBraun before a rebrand in 2014. Braun previously had a five years as president of ABC Entertainment from 1999 to 2004.

Endeavor’s representation segment, which includes WME, had $358 million in revenue in the latest fiscal quarter ended June 30, up 9 percent from the same period a year ago, as live events and tours recovered from COVID slowdowns – era. “At WME, Broadway, concerts, festivals and comedy tours that have been slow to return have resumed,” Emanuel noted in an August. 12 earnings calls. “We’ve already booked over 30,000 tour dates this year, which puts us 85 percent of the way to our typical annual total, and our customers represent more than half of the music festival headliners in the US.”

Emanuel also highlighted summer boxes with a “significant WME client presence,” including talent i Doctor Strange in the Multiverse of Madness, Jurassic World Dominion, Elvis and the animated sequel Minions.

Since the first day of trading this year, Endeavor shares have fallen 29 percent to $24.55 in September. 8.

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