Click here for Done Deal Pro home page
Done Deal Pro Home Page

Loading

Go Back   Done Deal Pro Forums > Business > Agents, Lawyers & Managers
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 03-20-2020, 09:22 PM   #41
finalact4
Member
 
finalact4's Avatar
 
Join Date: Jun 2009
Posts: 2,632
Default Re: Abrams Artists Signs WGA CoC

Quote:
Originally Posted by JoeBanks View Post
I mean, I guess there is a certain sense of "loyalty" in waiting around to cash out after Ari ****ed up the IPO to such a fare-thee-well that you're taking a big haircut relative to what you had been promised for years:

"those agents were told of an indefinite postponement of a windfall they expected to occur on April 5. Basically, the partners were set to be given the option to cash out 20% of their equity, calculated on a $3.6 billion valuation of the company. That will be pushed down the road indefinitely and the partners were also told it is likely they will be asked to volunteer to take pay cuts, until business rebounds."

On the other hand, now being told you're not even getting your 20 cents on the dollar return, oh and also kick in some more until the pandemic stops seems like it will really separate the loyal from the merely self-interested.

I thought the whole point of WME not having to give in to the WGA's packaging demands was that they had so steady of a stream of existing packaging fees that they could weather any length of time without repping writers. Maybe that was just a lot of posturing and not a lot of truth?
Yeah, I don't know, right?

Packaging is lucrative, but the payout seemed it was a guaranteed payday. I honestly don't know.
__________________
“Learn the rules like a pro, so you can break them like an artist,” Pablo Picasso

www.LisaMolusis.com
finalact4 is offline   Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Forum Jump


All times are GMT -6. The time now is 04:14 AM.


Powered by vBulletin Version 3.6.2
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Done Deal Pro

eXTReMe Tracker