Creative Arts Agency is putting together a $150 million- $200 million venture capital fund to invest in digital entertainment startups, PaidContent says
. CAA, the biggest Hollywood talent agency, is working with Draper Fisher Jurvetson on the deal. PaidContent also gets the scoop on another talent agency story, reporting that rival talent agency ICM is looking to Qualcomm’s CEO to finance a fund. Those moves, along with investments in entertainment-technology ventures by UTA and William Morris signal the agencies are departing from their traditional businesses to adjust to show business’ shift to digital.