HOLLYWOOD'S FRENCH DUEL.

Bernard Arnault and François-Henri Pinault, two billionaire moguls, are making moves to establish a presence in Hollywood. Pinault has purchased a majority stake in the CAA talent agency, while Arnault has launched a new entertainment studio called 22 Montaigne Entertainment. This trend of fashion houses entering the entertainment industry is becoming more common, as they recognize the value of using film and TV to expand their reach. While these moves are not entirely unprecedented, the approaches taken by Arnault and Pinault reflect their respective corporate styles. Pinault's acquisition of CAA raises questions about the future growth of the agency and the potential for collaborations between Kering and CAA clients. [Extracted from the article]