Quiz One

Which agency has the highest valuation in the marketplace?

WME

Who is prohibited from receiving producing credits on TV/film projects?

Agents

Which group is not a labor union?

PGA

What does ATA stand for?

Association of Talent Agencies

When did the SAG-AFTRA strike begin?

July 14, 2023

When does an agent's fee usually end on a project?

When the original agent decides to stop commissioning the client on that project.

What is the Curtis Brown Group?

A talent agency acquired by UTA.

Who is the largest outside shareholder in UTA?

EDT

What does TAA refer to?

A legal statute governing talent agents.

What is a talent agent's standard commission percentage?

10%.

What is the package commission structure on a TV project?

3/3/10.

What is the new percentage cap on a talent agency's ownership of a production company?

20%.

Which organization battled talent agencies over package commissions?

WGA.

Which organization represented agencies in their battle over package commissions?

ATA.

True or False: As part of the WGA strike, agents fired their agents.

True.

Do Hollywood representatives commission the net income or gross income of their clients?

Gross income.

Did a majority of writers approve the WGA's Agency Code of Conduct?

True.

Is a manager procuring employment for a client without violating the law if they charge less than an agent?

False.

Can managers be liable for paying back money if found violating the Talent Agency Act?

True.

Do managers typically have more clients than agents?

False.

What are the 3 biggest talent agencies?

Creative Arts Agency (CAA), William Morris Endeavor (WME), United Talent Agency (UTA).

What is the name of the department that negotiates contracts after the agent closes a deal?

Business Affairs.

What two talent agencies merged recently?

CAA merged with ICM.

Who is Jeremy Zimmer?

Jeremy Zimmer is the CEO of UTA.

What year is the next anticipated negotiation between the WGA and AMPTP?

2026. 
      

Name two major talent agencies that are publicly traded companies.

WME and CAA.

What is a residual?

Payment to an actor, writer, or director for reuse or re-airing of their work.

What percentage increase was SAG-AFTRA pursuing during their negotiations?

11%.

How often do the guilds typically negotiate rate increases?

Every three years.

Have duel strikes like the WGA and SAG-AFTRA occurred before?

True.

Managers usually devote a lot more time to helping clients with career development, branding, public relations, and networking than agents do.

True.

Can managers be forced to pay back commissions if earned through illegal means?

True.

Are studios requesting a minimum number of writers in writer's rooms?

False.

Has the WGA agreed to allow their scripts to train A.I. for double fees?

False.

Does the WGA strike ensure a certain number of writers work during production?

True.

How many weeks of work are guaranteed under WGA's new terms regarding mini writer rooms?

10 weeks at 25% above their standard minimums

What was the state of scripted production work in LA before the strike?

On a decline.

What does AMBA stand for?

Rules governing how agents represent writers.

What business practice caused the most tension during the WGA strike?

Packaging commissions.

Which agency has the most market value?

WME.

Which private equity company is invested in WME?

Silverlake.

How much did WME earn in packaging fees in 2013?

$138 Million.

Are agencies still earning packing fees on past TV shows?

Yes.

What percentage of scripted series in 2016-2017 were packaged with WME or CAA?

90%.

Which agency purchased IMG and for how much?

WME for $2.4 Billion.

Which agency purchased UFC and for what amount?

WME for $4 Billion.

What earnings did O'Connor and the other partners make in the first TPG transaction?

O'Connor about $25 million, Lourd and Huvane around $30 million, Lovett slightly over this.

What is the usual term for Shopping Agreements?

6-12 months.

Can a writer still negotiate with other parties under an exclusive shopping agreement?

False.

What company bought ICM and for what amount?

CAA for $750 Million.