Four decades of agency upheaval.
The defection of key agents and their clients always comes as a destabilizing blow to the jilted agency. Such moves can change the balance of power in Hollywood, and underscore the high-stakes, cutthroat nature of the talent representation business. They also can result in significant financial ramifications for the agency left behind. Losing a top client can cost an agency tens of millions of dollars in lost commissions. Poaching clients and inter-agency warfare is nothing new in Hollywood. Here's a look at the history of some the biggest defections and agency upheavals over the past 40 years, CLAUDIA ELLER
Michael Ovitz, Ron Meyer, Bill Haber, Mike Rosenfeld and Rowland Perkins leave the William Morris Agency to start CAA--which has continued to dominate the business. ICM founded through a merger of Creative Management Associates and International Famous Agency.
David Greenblatt and Judy Hofflund leave CAA to form InterTalent with ICM agent Bill Block. ITA goes out of business four years later, at which time Greenblatt, Block, Tom Strickler and nine other agents join ICM.
William Morris Agency absorbs Arnold Rifkin's Triad Artists.
Four top TV agents from ICM--Ari Emanuel, Rick Rosen, Strickler and Greenblatt--form their own agency, Endeavor. A year later, three agents from CAA--David Lonner, Adam Venit and Doug Robinson--leave to become partners at Endeavor.
Jim Wiatt, co-chairman and co-CEO of ICM leaves to take over as president of William Morris Agency.
CAA talent head Patrick Whitesell joins Endeavor as a partner.
Endeavor partners Lonner and Steve Rabineau defect to join rival William Morris Agency.
ICM acquires literary agency Broder Webb Chervin Silbermann. The next year ICM's Legendary rainmaker Ed Limato, who had earlier spent 10 years at William Morris Agency, leaves ICM to rejoin WMA.
UTA co-Owner Nick Stevens leaves to join Endeavor.
Endeavor and William Morris Agency merge to become William Morris Endeavor. William Morris boss Jim Wiatt gets forced out, leaving Endeavor's Ari Emanuel and Patrick Whitesell in charge.
ICM completes management buyout and re-forms under the name ICM Partners. ICM chairman Jeff Berg leaves and Chris Silbermann takes the reins.
Jeff Berg forms new agency Resolution. In 2014, Resolution dissolves.
MARCH 31, 2015
A group of agents leaves CAA for UTA. Talent making the leap with their reps include stars Will Ferrell, Zach Galifianakis and Chris Pratt, as well as Jemaine Clement and Bret McKenzie, and Thomas Lennon and Ben Garant.
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|Date:||Apr 7, 2015|
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