Sam Feldman started his career in the music industry as a Vancouver door man who wanted to manage a friend's band.
Over nearly four decades, he emerged as a giant in Canada's music-talent representation industry.
Now, he's sold his stake in the Feldman Agency to two of his senior executives.
According to FYI Music News, he turned over his share in the company to president Jeff Craib and vice president Tom Kemp for an undisclosed price.
The Feldman Agency has about 50 employees in Vancouver and Toronto. Its artists include Sarah McLachlan, Bryan Adams, Alessia Cara, and the Tragically Hip.
"Tom Kemp and I are excited to be the new owners of TFA,” Craib said in a statement. “We are deeply committed to continuing its successes after Sam’s leadership and look forward to growing the agency's legacy."
The company has two subsidiaries—Macklam Feldman Management and Watchdog Management.
Macklam Feldman Management was formed in 1995 through a partnership of Feldman and Steve Macklam. Its acts include James Taylor, Elvis Costello, Diana Krall, the Chieftains, Lyle Lovett, Colin James, and Melody Gardot.
Watchdog Management includes Mother Mother, Matthew Koma, and Brian Howes in its stable of artists.
In a 2012 interview with Artists House Music (see below), Feldman said that his business was primarily focused on booking and management.
"So, if you look at the booking side, the primary function is to negotiate live engagements, be they tours or one nighters with colleges or corporate situations," he stated. "But really, the job of the agent is to plan proper career strategy with respect to live performance."
Feldman described a manager, on the other hand, as the "quarterback" advocating for an artist in dealing with a lawyer publicist, record company, or agent.
The manager sometimes also has to step in to help an artist with their emotional well-being or even finances, he noted.
"I could come in here with the best-laid plans of what my day is going to be and three phone calls can complete sidetrack that—and it goes on a different track altogether," Feldman said.