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in Filmmaking
on May 8, 2006

Gabriel Snyder in Variety has the big news that CAA agent John Ptak is leaving the agency to head up Arsenal with partner Philip Elway. Ptak is one of the smartest guys around when it comes to structuring innovative foreign and equity-based financing arrangements, and the new company “will advise producers, distrib companies and private equity funds.”

From the article:

Arsenal’s initial client list will include Exception-Wild Bunch, Endgame Entertainment, Spitfire Pictures, Kadokawa Pictures USA and Davis Films. Shingle plans to be up and running just after this year’s edition of the Cannes fest closes.

In a statement, Ptak said of his CAA colleagues, “The agency thoroughly encouraged the growth of this new, independent business from the beginning. Philip and I look forward to working closely with CAA on shared client companies and films.”

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