Imagine Dragons Exit Wasserman; Agency Retains Moelis & Co.

Photo Credit: Imagine Dragons by Drew de F Fawkes / CC by 2.0

Imagine Dragons is now the latest act to leave Wasserman — though efforts to sell the agency are also ramping up. According to details emerging this morning, the Wasserman has now tapped a leading investment bank to oversee its impending sale.

Wasserman is feeling the thunder.

As of this morning, Imagine Dragons has left the agency, according to details now confirmed by the group. Exactly why the group is leaving is still an open question, however. According to one account, the move was reportedly in the works before the release of more Epstein emails revealed correspondence between CEO and founder Casey Wasserman and convicted sex offender Ghislaine Maxwell.

Regardless, it’s a major loss for the agency, and the latest act of many to part ways with Wasserman amid the scandal. Imagine Dragons is one of the bigger acts to leave; their 2025 tour alone grossed $241.6 million, making it the seventh highest-grossing tour of the year. Departures from the last two weeks have included Chappell Roan, soccer star Abby Wambach, and a bevy of artists that includes Orville Peck, Sylvan Esso, Subtronics, and many more.

Now, about that sale. According to TheWrap, Providence Equity Partners, which owns over 60% of the Wasserman agency, urged Wasserman to sell his 40% stake last week. That, according to the publication, led to his memo last week solidifying his decision to call it quits.

To help with the sale process, the agency has retained investment bank Moelis & Co. to advise on the transaction. Notably, Moelis was the same firm that advised Brillstein Entertainment Partners in its sale to Wasserman three years ago.

Also per TheWrap, once Wasserman’s stake has been sold off, Providence will sell the agency altogether—likely broken up piecemeal into sports, music, and film/television, with a new name to further distance itself from Casey Wasserman.

Update: Providence has now issued the following statement to Digital Music News — “We believe strongly in the value of the business as a whole and we are not currently considering a break-up of the company, as some have inaccurately speculated,” says a Providence spokesperson.

Potential buyers include other talent agencies, including CAA, UTA, and WME, and former Endeavor mogul Patrick Whitesell. Private equity firms whose interest has been piqued include Bruin Capital, KKR’s Arctos, and even Goldman Sachs.

Last Friday, Casey Wasserman announced his intention to step down from his position and sell the agency that bears his name, saying he had “become a distraction” to the company’s daily operations. He still faces pressure from California lawmakers to exit his position as chair of the Olympic planning committee for LA28, including from Los Angeles Mayor Karen Bass.