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Old 01-17-2020, 01:31 PM   #11
JoeBanks
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Default Re: Abrams Artists Signs WGA CoC

Got Gersh

https://deadline.com/2020/01/gersh-d...ga-1202834120/

Paradigm next?
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Old 01-17-2020, 02:16 PM   #12
Satriales
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Default Re: Abrams Artists Signs WGA CoC

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Sorry, I was posting at a red light. Gersh sounds like they are signing soon. Is what I was told by someone there today. So who knows...but that’s what they seem to think.
Going to pull my shoulder out of its socket Barry Horowitz’ing myself.
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Old 01-17-2020, 02:18 PM   #13
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Default Re: Abrams Artists Signs WGA CoC

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they should, unless they want their clients going to Gersh.

wonder what the naysayers will say now?

it's gotta burn the big guys, knowing that Gersh will be able to package until two of them sign-- which could give Gersh a competitive edge in cannibalizing their (other ATA agencies) previous client base.

if there's a deluge of writers signing, Gersh may also be able to entice mid-tier agents to move from the big four in a bid to secure their futures.

it'll be interesting to see how long it takes for the next move to happen. pretty sure everyone is waiting for Pardigm to make their move.
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Last edited by finalact4 : 01-17-2020 at 02:40 PM.
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Old 01-17-2020, 03:29 PM   #14
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Default Re: Abrams Artists Signs WGA CoC

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if there's a deluge of writers signing, Gersh may also be able to entice mid-tier agents to move from the big four in a bid to secure their futures.

it'll be interesting to see how long it takes for the next move to happen. pretty sure everyone is waiting for Pardigm to make their move.
I haven't talked to my friends who are more in the loop but presumably there is still that cadre of agents at WME who got stiffed by Ari's botched IPO and who knowledgeable people expected to break away after bonus season? That could be another shoe that others are still waiting to see if it actually drops before making big moves.
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Old 01-17-2020, 03:45 PM   #15
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Default Re: Abrams Artists Signs WGA CoC

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I haven't talked to my friends who are more in the loop but presumably there is still that cadre of agents at WME who got stiffed by Ari's botched IPO and who knowledgeable people expected to break away after bonus season? That could be another shoe that others are still waiting to see if it actually drops before making big moves.
The only thing that might prevent a flood of "jumping ship," is if WME tied "contingencies" to their bonuses, like, you cannot leave within 6 months of your payout or it's forfeit.

I'm not sure that's legal, but they would have foreseen the possible risk of the IPO failing. I would also bet, upper management has a plan that few are privy to except those at the very top.

Mid-tier agents and below, should, at the very least, have a healthy suspicion of their (upper management) long term motivations-- because one thing is certain, the upper echelon will be the ONLY ones protected.
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Old 01-20-2020, 10:08 AM   #16
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Default Re: Abrams Artists Signs WGA CoC

https://deadline.com/2020/01/paradig...ks-1202835014/

So Paradigm is saying two things: the layoff has nothing to do with the dispute with the WGA and they are not near a resolution with the WGA.

Claiming:
Quote:
This isn’t about attrition from the long standoff with the WGA over packaging, or readying for some kind of sale or merger.
Seems to me, any layoffs come from a direct result of their inability to maintain the expenses with the loss of their writer's revenue. It's almost been a year and could it be, the lack of NEW writer deals might have an impact on their overall ability to sustain the same workforce?

They may not be cutting agents, yet, but they are trimming from the bottom.

It's interesting that there are rumors that they are negotiating with the WGA and a deal is within reach, but they are still denying it publicly, which I suppose, they must do for appearance' sake.

I don't know, but it seems possible, every decision that cuts staff, regardless of the area of interest, that the WGA dispute is contributing factor.

And, I can't imagine the viability of merging with one of the big four, because why would they? They can't bring on NEW clients, at least not in the writing arena. It seems unlikely that a big four could reasonably afford such a move. Does offer an additional element that the other four do not execute well? What does Paradigm possibly bring to the table that the big four don't already have covered with their own services? I ask because I do not know.

Are there other opinions on this move? Is it wishful thinking?
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Old 01-21-2020, 05:58 PM   #17
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Default Re: Abrams Artists Signs WGA CoC

APA. Floodgates are open.
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Old 01-21-2020, 06:08 PM   #18
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Default Re: Abrams Artists Signs WGA CoC

https://deadline.com/2020/01/apa-dea...nt-1202837404/

Assuming Paradigm is next, will be interesting to see whether UTA and ICM feel like continuing to hold the line for WME/CAA
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Old 01-21-2020, 06:31 PM   #19
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Default Re: Abrams Artists Signs WGA CoC

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https://deadline.com/2020/01/apa-dea...nt-1202837404/

Assuming Paradigm is next, will be interesting to see whether UTA and ICM feel like continuing to hold the line for WME/CAA
wow, that was unexpected. i thought they were going to be a hold out. seems more likely Paradigm will sign, too.

i'm not sure the big 4 will, because they are so invested in the law suit. it doesn't seem likely, with their current business model, that they can afford to sign the new contract with the WGA.

here's to progress.
cheers!
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Old 01-21-2020, 06:37 PM   #20
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Default Re: Abrams Artists Signs WGA CoC

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i'm not sure the big 4 will, because they are so invested in the law suit. it doesn't seem likely, with their current business model, that they can afford to sign the new contract with the WGA.
But game theory-ing it out, the "Big 4" is really a big two of WME and CAA. If you're UTA and ICM (and don't have lion's share of packaging revenue as it stands anyway) there's at least a cost-benefit analysis to be had of how many WME/CAA clients you could possibly lure away by signing (Endeavor and CAA themselves only exist because two rogue groups of agents from William Morris and ICM risked striking out on their own, which would make it even more rich if ICM raided WME's lit clients)
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