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MONDAY, NOVEMBER 23, 2009
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Recession Whacks Tinseltown Agents

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(Newser) – Hollywood's toughest power brokers—the big shot "10 percenters" of the top talent agencies—are no longer immune to the recession, reports the Independent. With the merger between former rival agencies William Morris and Endeavor officially approved, 100 top agents got the ax. Officials of the new entity hope the combined strength will help it weather the economic downturn, which has led to industry-wide salary cuts.

"The fallout hasn't really begun. I expect a waterfall in the coming months," said Frank Wuliger of the Gersh Agency. "When agents get fired, the actors they represent think again, because the agent-client relationship is intimate; it's like a marriage."

Sunset on Hollywood.
Sunset on Hollywood.   (©zaui)
Harvey Weinstein talks to top agent Ari Emanuel.
Harvey Weinstein talks to top agent Ari Emanuel.   (Getty Images)
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3 comments
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SPH
May 24, 09 2:10 PM CDT
BS....Agent in Hollywood or sports are married to money, nothing else..... Reply
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+3
IN RESPONSE:
Robert_Dada
May 24, 09 6:56 PM CDT
Yes but it is us consumes that feed their greed and ego. We are part of the problem.
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+1
IN RESPONSE:
Robert_Dada
May 24, 09 6:56 PM CDT
consumers I meant
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