Exactly a year ago CAA announced its biggest bet on sports media, and formed a new unit called CAA Sports Media Venture, as a rollup venture in the sector. But besides hiring Chris Bevilacqua, co-founder of CSTV Networks, as the venture’s CEO, nothing much has happened.  The new unit was…

CAA is making its biggest bet on sports media, yet, and has formed a new unit called CAA Sports Media Venture, and funding it to buy and operate companies in the space. It has tapped Chris Bevilacqua, co-founder of CSTV Networks, as the CEO of this venture. The new unit…

Updated below: WePlay, a NYC-based community site for youth sports, has raised a $1.87 $4.5 million first round from Pequot Private Equity, CAA and Major League Baseball, says peHUB. The site, which is in private, closed beta, will have social networking features, as well as playing tips. When launched, CAA-repped…

Games behemoth Electronic Arts (NSDQ: ERTS) is going through a slew of changes, and one of the involved developing online ad-supported games, the first of which was launched last month. Now Gametap reports that a somewhat stealth unit within EA called EA Blueprint is working with smaller developers to launch…

Creative Artists Agency, the biggest talent agency in Hollywood, is raising a $150 million-$200 million venture capital fund to invest in startups in the digital/entertainment sector, paidContent.org has learned. For this fund, it is working with Draper Fisher Jurvetson and its founder Tim Draper, who has always had a particular…