The reductions at CAA are expected to happen across multiple departments and will begin next week, said a person familiar with the cuts who was not authorized to comment.
As SAG-AFTRA members join writers on picket lines, the fallout will disrupt Hollywood film and TV productions worldwide. ‘There’s going to be blood in the water,’ said one analyst. ‘This will not end well.’
In recent years, major talent agencies have worked to diversify their business, delving into other areas of representation such as sports and influencers. Endeavor, the parent company of Hollywood talent agency WME, has invested in other types of companies including mixed martial arts promotion company UFC and live events.
“Time and again, our industry has navigated change and now is no exception, as we adjust to new distribution models and technologies,” Emanuel said. “There are real issues to work through and we continue to stand with our clients, advocate on their behalf and push for a resolution that protects their creative and commercial interests.”
Last year, CAA significantly beefed up its staff to a total of 3,200 employees after it bought ICM Partners in a deal valued at
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