Hollywood Reporter: Ari Emanuel’s kingdom isn’t quite big enough. The WME co-CEO and partner Patrick Whitesell are said to be launching a venture capital fund and hiring a full-time manager to run it. The move to raise what a source pegs at about $150 million would allow WME, which is majority owned by private-equity fund Silver Lake, to formalize its startup-backing strategy and create a designated pool from which to invest.