EXCLUSIVE: Ryan Seacrest may be rapidly becoming one of the richest guys in show business in front of and behind the cameras, but he doesn't like paying commissions. I learned yesterday that Seacrest, who'd been a longtime client of the William Morris Agency pre-merger, informed WME Entertainment post-merger that he didn't want to pay the agency's fee on the differential between his new pact and old pact on American Idol. (Some sources say there was also a dispute over commissions on his radio contract.) I'm told that commissions had been a sore point between Seacrest and the Morris office for years. WME refused to cut him a special deal. "When he pushed back, WME said, 'We can't represent you then. Either stay and pay full commission and together we'll keep growing and expanding and servicing your reality business. Or leave.'" That's when Seacrest took a meeting at CAA. By the end of day yesterday, Seacrest hadn't yet made a decision to leave WME. (Some say he was pleased with the reality TV department there, other tell he wasn't.) Today he left.
What surprised just now is that even rival agencies to WME are describing Seacrest to me as a "grinder" and "scumbag" for trying to negotiate lower commissions. A year ago August, I asked the question whether Seacrest was in play after his longtime William Morris agent Adam Sher left the rep business to run Ryan Seacrest Productions. Though Seacrest still had representation at Morris by John Ferriter, who'd been in 2nd position, I fully expected every major agency to make a run at Ryan and his very hot business. It was assumed that Sher would protect William Morris where he'd been an agent for 15 years. But, after the Morris merger with Endeavor, all bets were off. Now Sher helped guide Seacrest to CAA.
For those who aren't in the know, Seacrest is much more than just a fey TV personality with no discernible talent. But as famed TV critic Tom Shales wrote in a great piece called "Ryan Seacrest Inc", Ryan is trying to mimic Rupert Murdoch. (Others think he's aping Dick Clark or Merv Griffin.) The Viscount of Vapidness is paid an estimated $12.5 million annually for hosting American Idol, not counting all the ancillary gigs he's lined up. And he'd just signed a rich new contract that will pay him $15 million annually (for a total of $45 million) to keep him on American Idol through 2012 in a deal that also makes Ryan exclusive in primetime to 19 Ent owner CKX. UPDATE: Seacrest's side maintains the new contract was negotiated by Ryan's attorney Craig Jacobson, not WME.
The Seacrest empire already includes a multi-year megadeal with Comcast, where he has first-look rights through August 2011. He has a 3-year, $21 million contract with E! Entertainment Network to host its special event programming and Red Carpet coverage as well as an overall production deal there in which he shares the ownership of the shows he creates. He has investments in eight Southern California restaurants, runs a half-dozen media companies and recently launched "The 'R' Line" fashion label. And this year he took 3 hours of his daily 5-hour L.A. radio show national, via syndication -- and his own advertising company retains 10 minutes of the commercial time to sell on its own, so that the profit goes right back to Seacrest. He does those insipid toothpaste commercials because of a relationship with Procter & Gamble. Seacrest now has lotsa little companies: Ryan Seacrest Productions, "On Air With Ryan Seacrest," which employs about 20 people; "Top 40" radio has a staff of about 15; Sea Calm, which is the radio division; and Seacrest Sales, which is the sales division. Seacrest told Shales: "The challenge for me is taking all these parts and figuring out how they can come together to make a big media company." That now becomes CAA's challenge, too.
Carl Icahn Now Wants ALL Of Lionsgate
Impressive scoop! But I thought WME was all about cutting down commissions to keep big names…
Kind of an assy move on his part.
SEACREST OUT!!!!!
…and somewhere, Brian Dunkleman is weeping.
Good for him. It’s time agents started earning their commission instead of just fielding offers they had nothing to do with eliciting. Most people don’t know Bill Cosby and many other top shelf clients of WMA negotiated a lower than 10% commission. The agents should get paid what they earn. And by earn, that means getting off your tuchas and generating business for a client instead of playing defense all day long!
how could you miss this angle: John Ferriter (who was the only WMA agent smart enough to vote against the merger) has now lost to CAA both Chelsea Handler and Ryan Seacrest (both of who have huge deals with Comcast)
Ryan is an overachever. He has a right to be very smart with who get’s what commission. The old WMA did a great job for him and basically launched him into superstardom. I know. If it wasn’t for WMA Ryan would not have had all of these businesses. You can argue that any agency could have done what the Morris office did for Seacrest, but the reality is the old WMA spearheaded by Itkin and Ferriter are the best in reality. Period… I can’t believe Seacrest wants to cut out commission. What a shame that all of this star power has gone to his head. As much as I hate the current WME because of their lack of leadership with Fogelman (what a looser!) and the old WMA with the idiot Wiatt and fat man Irv Weintraub, I think Seacrest is in the wrong here.
I guess that WME wasn’t serious about wanting to represent only the top 2% of talent in the business. Apparently they’re working on repping only the top 1%. Great plan Ari, keep it up!
what a douche. if your agents get you more money, they deserve their cut.
Seacrest’s talent lies in his ability to stay calm and cool in front of the camera. His weakness is that he’s not very funny, yet is constantly making jokes. Almost every conversation he has with anybody ends up being extremely uncomfortable.
Ryan wants to be like Dick Clark? The good news is that he’s even cheaper than Dick ever was!
Good for Seacrest for doing to agents what they do to everyone else. Smart guy.
Who is advising Ryan on these decisions?! If he’s not paying for his hosting it has to be about his company. Does CAA even have an alternative TV department? I can’t name one of those agents and I even know the name of the valet guy. So much for producing. I bet this guy lives in a bubble far removed from reality.
Didn’t his agent just get out of the hospital? Classy, Ryan. Anything for a dollar.
I used to work at WMA. I was out really late once on a school night, so I stayed up all night and went in to work at 5:30 AM. No joke, John Ferriter and his team were already there…feverishly working on a deal for Ryan. I hope he has people like that at CAA. Not likely.
Hey Ryan,
If you go to Ralph’s right now, Pringles are on sale! Better hurry if you want to save $!!!!!!
I’ve heard this line of argument before about commissions: If i, as the client, am guaranteed $45.0M, then you, as the agent, are getting $4.5M in commissions and your services can’t possibly be worth that. it’s not fair!
Ok, Ryan, do you really think that you’re “worth” $45.0M?! I don’t disagree that agents’ services aren’t worth that…but neither are the services of Seacrest.
So it follows that, in fact, the agency services are worth that much for getting their client overpaid by such a large multiple.
And you all are still listening and watchin his shows..no wonder he is racking in millions coz of our stupidity!!
And Seacrest’s services are “worth” $45.0M?! Seriously.
WOW. Can you believe they let him go? I would have easily settled for 5-7% comission to keep a player like Seacrest on my client list. That is just absurd. Look at all he’s got going on? He’s easily the hardest working man in Hollywood and quickly proving to be one of the smartest as well.
…And exactly how is RS similar to Rupert?
I would say RS is more like Dick Clark.
Well I certainly don’t begrudge his success and his ability to make a buck (or several million).
That said, I also don’t get it either.
Nevertheless, good for him and CAA.
As a former WMA’er of the TV department. I have to say this is SHOCKING!! I really don’t understand how Seacrest can leave John Ferriter. Ferriter is the guy who got him bumped up from 300k a year to over 30 Million a year. Ferriter had to beg Darnell to hire him years ago by literally sitting in Mike’s office for over four hours. Everyone at WMA also knows that Ferriter took over a year to set up Ryan’s lucrative radio business and engineered Ryan taking over for both Rick Dees and Casey Kasem. He was being groomed to be the next Dick Clark.
Seacrest can’t live with an agency 10% fee like every single other client? How cheap can you really get? Seacrest is cheaper than Dick Clark. It’s OK Ryan, we can all call you ‘The Cheap DICK Clark’ now.
You’ve earned it…you’re a classy guy. I guess success has no conscience.
While I don’t know Seacrest at all, I do happen to know Sher for a VERY long time… He has worked his ass of for many years at WMA and is a very loyal guy… If CAA has Seacrest now, I’m certain it’s not Sher’s fault… He, most likely, did everything he could to keep Ryan in the WMA/WME fold, but business is business… The reason Ryan is at CAA is because WME could close the deal – or didn’t think he was worth it… People like Ryan make their own decisions… There is a reason they call this “show business”… WME made business decisions that were best for them – Seacrest made his…
“What surprised [me] just now is that even rival agencies to WME are describing Seacrest to me as a “grinder” and “scumbag” for trying to negotiate lower commissions.”
Nikki surely that *doesn’t* surprise you, the last thing agencies want is to encourage lower commissions.
Is moguldom worth living a lie?
Hey, if Paris was worth a Mass…
nice of Ryan too…all of this happened while his longtime agent (sr agent over Adam Sher who signed Ryan)– John Ferriter….has been in the hospital for over 60 days battling a blood clot and staph infection..he almost died and was only recently released and is finally healthy enough to head back to work at WME.
Like Ryan couldn’t have waited a week or shown any kind of loyalty?
just another reason to hate Seacrest.
wait, so WME doesn’t get the commision differential even though they made the deal for him? how’s that possible? And also if so, how great is that? WME are the greediest babies! they shouldve taken what he offered as he’s building a media empire and they’re so short sighted they can’t see it! Classic WME… I’m enjoying watching them implode bit by bit.
I think that is gross to do when Ferriter is on sick leave.
We started this debate 4 years ago.
Who’s the biggest no-talent in town, Seacrest or Carson Daly?
Discuss…
Rival agencies can call Ryan a scumbag all they want for demanding his agency cut commissions, but they only do so because they dislike the precedent.
Truth be told, they all do it. I’ve known a number of high profile clients that pay 5% to their agents.
You’ve got to admire this guy’s work ethic, even if not his leaden “humorous” remarks. He came from no money or family connections in the business and built his meager talents into a mini-industry. He could have ended up like so many of those salaried E!/MTV/VH-1/ET/Insider hosts living paycheck to paycheck and washed up and out of job at the first wrinkle. But the dude was smarter than that. It’s so ironic. He seems like a complete airhead on tv.
Amazing. No talent, no taste and yet this industry pays this dude “high buck”. We should all be ashamed!!!
What a greedy little no-talent cunt, this guy. (Brits will understand.) He’s not rich enough, now he wants to pay his agents less/nothing? Why, because he can?
Pay your people, bitch!
Like from professional athletes, reps of all kinds ought to just walk away from shit like this and let him fend for himself. Show some chutzpah, agents – just say “no”, and set him adrift. Start a revolution of, you know, integrity…
Ryan was at Endeavor before he went to William Morris. He was represented by Sean Perry who did nothing for him. As soon as he got to William Morris he became a very rich star. He has told anyone that would listen that he would never be represented by company run by Ari Emmanuel. Get ready for many many more layoffs of William Morris people. Clients continue not to be serviced throughout the old William Morris. John Ferriter is getting closer to returning to work. Everyone in the syn department know that all out war will take place between Sean and John. Who will win???
More to come
“For those who aren’t in the know, Seacrest is much more than just a fey TV personality with no discernible talent.”
Yes, he’s a rich fey TV personality with no discernible talent who has modeled his career in a smart way after similar types like Casey Kasem and Dick Clark.
Just because you have no discernible talent doesn’t mean you can’t succeed and get rich in Hollywood.
BTW, CAA = Collecting All Actresses.
So Seacrest fits right in….
It won’t be that long before CAA makes the same statement – either pay or leave. If Seacrest – who wouldn’t be anywhere without his reps – is too cheap to reward those people who got him where he is, then he is a scumbag.
Oops! Not so good for John Ferriter. Oh well! Karma is a bitch, no?
capitalist whore…
To me, the point isn’t that Seacrest left after Ferriter made him all that money (Ferriter is an incredible agent), but that at this point in his career, there’s no way that WME deserves 10% of his business. He’s created an industry where he hires people to not only deal with the distribution of his shows, the marketing, and on and on, but he pays THEM to look for new opportunities and make him money. Why should he have to pay someone for the same thing twice? If you want to look at loyalty – no matter who the client is – why not look at the loyalty of an agency whom a client has obviously outgrown? I am 100% sure it wasn’t just the commission percentage, but also what they were commissioning.
Hey, say what you will about Ryan, at least he’s not living a lie for the sake of fame.
Seacrest has busted his balls since he was a high school intern at a mid market radio station in the ATL. He has earned his for sure and will continue to do so. Who cares if treated a bunch of agent douches like the douches they are. It ain’t show friends…
I like all the things the guy on The Soup says about the little midget
Anybody wonder if this is just a harbinger of the big “Ferriter Goes to CAA” announcement everyone’s been anticipating since the merger anyway?
its funny. Many agents make 10% of 0 when you arent working. Its gross that the rules change when you get a bit of leverage. Karma Karma Karma
“Cheapcrest” what a douche.
So lets see Endeavor screws 120-150 employess by firing them a few weeks ago. Karma karma karma. I hear many more getting fired in the begining of August and September. Some should get fired… and you know who you are, China, Miami, Syn, Sports, and consulting.The rumor is that the money’s that they thought they would be making just is not there Ari and Patrick life is tough without real profits. Lots of people to pay. CAA will continue to pick off big talent. Gersch, work hard nd yes you will ge some as well. DZW are you having fun being a full time music agent? Fogelman are you gone yet? Newman, hows the small office. You never should have made such a big stink about it
Every single “talent” resents having to pay their reps (agents AND attorneys) on any big bump in revenue – they attribute it to themselves, not the reps. And plenty try to negotiate the commission down….and a few succeed.
The “worth” question is an entirely different issue, and I have no idea of the history of these players, so I can’t say whether it was a douchy move or not…but not surprising.
Seacrest is a producer now and lots of producers do not have agents. If Seacrest negotiated his own deal for his raise, then why should he pay commissions on it? The way I see it, when you do deals on your own, agents still get paid even if they didn’t help you.
If the deals were done on a what you have done for me basis, a lot agents would never get paid. Seacrest doesn’t need an agent anymore. Comcast loves him and anything he brings over there, even if most of the content is awful.
Get that paper Ryan.
as a longtime client of Adam Sher and John Ferriter..I have to say I think this is really scummy of Adam and Ryan. John has been near death in ICU since before the merger was finalized. Adam was even one of the few who was allowed to visit John in the hospital. For him to guide Ryan to CAA is low. (but again, this is from a couple of guys who already make MILLIONS and choose to do shows like Keeeping up With the Kardashians and It’s Complicated (with Denise Richards) for E to add to their bank accounts.
Who cares about Chelsea leaving? Yes, she just signed a big deal there..but she has the gig at E because she’s
screwing the boss there, Ted Harbert. She was fired off of hosting the only non-E gig she’s gotten..a reality show for Fox called ‘The Lot.’ They fired her 6 weeks in and just edited her out and some other host in.
Ferriter and Sean have been long time friends..even vacationing together. I expect no power fight between them.
The ratings for E were much higher when Jules Asner and Steve Kmetko hosted the news there..the fact ryan makes so much money and he’s at around half their ratings makes no sense.
@jimmyz is the only person on here talking sense from a talent perspective. It’s not just business for Seacrest. He doesn’t like Ari and that’s the end of it. It has much less to do with commissions and everything to do with who is ‘running the show’ and a guy like Ryan who perceives himself (rightly) as a serious money maker has reached a place in his career that allows him major choices…he does not have to work with anyone he doesn’t like. It sounds to me that Ferriter and Sher drank the WME Kool Aid and couldn’t convince their own client to stick around. We don’t know. Point is that WME is more Endeavor than WM and everyone knows it…including Seacrest. It ain’t ’showfriends’ but it’s not all business.
A wise senior agent once told me “sooner or later they all leave,” and it’s apparently sad, but true.
The good news is that WME will keep commissioning the deals they set up for seacrest, which is pretty much everything he’s done up until this point.
This is a real scumbag move on his part. How quickly he forgets that just a scant 6 or 7 years ago, he was a “nobody.”
Reminds me of the time that Nic Cage left Ed Limato because Ed had had the audacity to care for his partner while he was in the hospital succumbing to AIDS, instead of somehow magically knowing that Nic had gone out of town on a vacation.
Ridiculous.
The WME ship is sinking before our very eyes. This merger is going to be a nightmare.
Ace — Integrity…agents? What the hell are you smoking?
This is the beginning of the end for Ryan. Everyone knows it’s bad luck to cut your agent’s commission after a big deal. Look what happened to Jim Carrey after UTA did his biggest deal and he rewarded them by cutting their commission…
Though I’m all for reps getting paid for their FULL WORK by getting paid their FULL COMMISSION, Ryan has catapulted beyond mere “talent” into an entire production entity of his own. I’m sure types like Bruckheimer pay only for certain things. And if Ryan was willing to pay a lower % on ALL his stuff to WME and they balked, that’s their idiotic move. It clearly could’ve been a non-talent-related precendent if they had said, ‘we only charge x% on media entities vs. run-of-the-mill talent or prodco deals.’ But alas, Ari and Co. have too much arrogance being the new CAA to accept that – and so lost Ryan to the old CAA. Well, at least WME can lick its wounds with the past $ Seacrest made them.
Yeah, maybe it is bad luck – if those agents actually created this deal. Just look at the update. WME
did nothing for his contract, and wanted to get the money.
What, a filthy rich agent loses one of his filthy rich clients?!? Let me get out my tiny violin. Seriously, since when are agents and managers suddenly these poor put-upon souls and victims whenever an actor or personality decides to make a change. Boo hoo, deal with it, go find another big fish, as I’m sure this guy will.
What’s interesting is that WME said they weren’t willing to take a cut deal, which must be new because they have cut deals with many big players (Cosby, Ridley Scott, Eddie Murphy, Travolta, etc.) Wiatt would cut deals left and right to get clients, which didn’t really work. And didn’t Ari famously, essentially pay Wahlberg to be a client? All of sudden when faced with huge numbers for a mediocre talent they get professional scruples?
It’s easy to underestimate Ryan, but just look @ Joan Rivers, Star Jones…disasters on E’s red carpet. Ryan makes it look easy, but it’s not. Same with Idol. And he has built an empire that goes beyond acting as mere on-camera “talent.” I, too, believe WME should have negotiated to keep him.
Oh please these people are not going to get “nothing” even 5% these agents are getting a $2m, and from what I hear, he was asking to lower it to 7% still a tidy sum on WME’s part. If they had worked with him in the long run they’d get more than what they were fighting over. This is a business. So often we hear sad stories of celebrities who don’t watch their money who don’t take care of their own finances and they end up bankrupt. Now when one of them does and makes a business decision to take care of himself we all bust his balls? Get over it any one of us would want to get out of paying $4.5m to someone. Good for Ryan for taking care of himself. Don’t be mad at him. And WME issued the ultimatum. Don’t issue it if you don’t want him to walk.
WME didn’t make the deal for Ryan, his lawyer did, so why on earth should WME get a commision? THEY SHOUDLN’T.
All I know about WME is that the agents there do no like to do any work for their clients. Particularly those from Endeavor. They only want to “work” for clients who get their own jobs and don’t need the agents to “work” but the second your show gets canceled or your overall ends and you need Endeavor to actually have to pick up a phone and remove all their lips from each other’s asses in order to get you a job, then they don’t want any part of being in business with you. Ryan is smart. Plain and simple.
Just because you have no discernible talent doesn’t mean you can’t succeed and get rich in Hollywood.
Comment by ReelBusy — July 15, 2009 @ 11:22 pm
That’s about the saddest thing I’ve read on this blog so far. Sad that it’s true…
I don’t get Ryan Seacrest. He has to be the most boring person on TV and Radio.
He might be a great businessman or William Morris Agency was great for him but to me he is just plain lucky and boring.
He has a lot af talents. First of all, he’s definitely smart businessman, no doubt about it. And he’s good at his job(s). He’s talented host, and he worked hard to get his success.
Where is the money coming from to pay Seacrest? How does it work? Does he receive it all himself, or is it used to finance his many enterprises? Does he generate enough revenue for his buyers to warrant his price tag? Are there enough vanilla people out there to pay his keep? If he were to die tomorrow, would all the millions that are saved be used to create 750 worthwhile jobs? Are Ryan Seacrest and Jason Seachrest related?
Ryan has a point, everyone. $40.5 million isn’t enough to sustain yourself. $45 million is completely different and necessary…even if it means alienting the people that made it all possible.
Adam steered him to CAA? Wasn’t Adam Ferriter’s assistant? He will probably need that gig again after Ryan screws him too. No honor among thieves.
To say Ryan is not talented is kind of like saying that a successful person just tripped, fell on lots of money, end of story. How many good looking guys with charisma work as bartenders and never reach their goals of stardom in Hollywood?
Most winners’ moves are invisible, people just get jealous of the outcome, while never knowing the steps.
So THIS is why Adam Sher has gained all that weight!
Uh, HELLO. This is a business and Seacrest is a smart businessman do what any other smart businessman would do………….get the best deal he can.
Were Ryan Seacrest actually talented in some discernable way, I could stomach his ambition and the empire others have created for him. But he’s not, and so every time I read or hear about him and the millions he reaps, I want to vomit. I don’t know about other people’s reason for listening to him or why he’s considered a news-worthy item, but I nearly always tune him out. There are, literally, thousands of other people out there that could do what he does and have more to offer.
This all starts with US people, and the reality we create (no pun intended). Create a star from a piglet and you still get a real hog.
As someone in business outside the industry, I am flabbergasted at the ridiculous petty jealousy expressed in the remarks about Ryan.
The guy works super-hard, and obviously has the smarts to make hay whilst the sun shines.
Good luck Ryan – in your next career you should be an agency head!!!
More proof in the fact that CAA is the only major that cuts it’s commission to get clients. May be the reason they are able to sign talent that other agencies can’t.
CantBBothered
Thousands can do? So where are they, those thousands? This guy has a career like nobody else has at the moment.
I was just recently fired from William Morris. There are real money issues at both companies. The big wigs are worried thats why more people are getting fired. We learned that when agents contracts are up in September they are gone. They had us prepare different projections based on head counts. The CFO at Endeavor is Ari’s tool. He does not give him the real picture. Hold on for more major cuts. So very sad what Jim Wiatt and Irv did
Anyone that wants to defend Seacrest is an idiot. He went to WMA as a no-name DJ. They got him idol, his KIIS and Casey’s top 40 deals, and his E! deal. They did it all – If it wasn’t for his WMA agents, he’d be that guy who co-hosted “Gladiators 2000″. He’s a disgusting, vile human being. And whoever said “karma’s a bitch” about john ferriter obviously knows nothing about john ferriter.
So person is obligated to be with the same agency till the end of his life? Yes, they helped him a lot, but he also helped them – with commissions and reputation. Now he decided to move on – and it’s his right, especially considering the fact that agent who worked with him at the agency is no longer there. What so tragic about it? It’s a business decision.
And another thing – I suspect person like Seacrest could be successful with any agent. He’s a workaholic and he’s shameless and has an insane ambitions. And yes, he’s talented.
“The agent that worked with him is no longer there.”
Linden…just to be clear, his agent was John Ferriter. Adam is great, but John was the guy pulling the strings and making the deals work.
If you were close to the situation at all, you would know that. Everyone in town knows that. Adam knows that and that’s probably why he’s losing all of his hair right now.
You’ve completely missed my point…
I didn’t say a word about him being obligated to staying with an agency. My point is that he’s a scumbag for deciding he was above paying commission. And no, his “agent who worked with him at the agency” is not gone – he had 2 agents at WMA, his primary point being John Ferriter. You don’t know what you’re talking about.
My only question is how does Steven Grossman fit into all of this? As Adam’s assistant, there had to be some sort of “back door” scenario that people aren’t ready to accept. I think everyone knows that Steven has accepted it and are just now grasping the girth of the situation.
I know people say he’s involved, but I don’t believe that for one second. I’ve seen the facts and there is a gaping hole in the logic.
What has CAA actually done for Simon Cowell? Literally nothing. Ryan is an absolute fool to believe that it will be any different.
Here’s the interesting thing:
Chelsea – Paying WME for several years
Ryan Seacrest Productions – Paying WME for several years
CAA – Signing clients who don’t pay them
WME is making money in it’s sleep. By the time CAA gets paid on either of these two people, someone new will have come along and the world will be a different place.
I think WME is actully playing it smart here.
The bottom line is, Ryan was leaving for he last year. The only thing that is surprising is that he went to another agency. We all thought he would be like Burnett and just work with all the agency’s. Ferriter was his main guy but Ryan tends to get rid of everyone. Scott Zolke was his friend and lawyer and worked on all his big deals and he got rid of him. Ryan was able to see how messed up the blended William Morris Endeavor company is. He heard that Ferriter and Perry are already at odds. Remember he fired Sean who did nothing for his career. Ryan is not loyal but the problems inside of WME scared him. No deals were brought to him the last few weeks and this finally sealed the deal
Glipstone Koelman Hadsecks
UPDATE: Seacrest’s side maintains the new contract was negotiated by Ryan’s attorney Craig Jacobson, not WME.
Why should he pay them commissions in that case? They didn’t work on the deal. From what I read on this source and other sources, like LA Times, Seacrest was ready to pay them lower commissions (7 %) from all his projects or usual commissions (10 %) from some of his projects (like deal with E!, very huge, by the way). This is common practice in the city, and many big money earners do the same. But they refused. They wanted all 10 % from all of his projects, even from deals they didn’t worked on. That’s why he left. While I’m sure he’s a greedy bastard, I just can’t blame him for not wanting to waste a lot of money for nothing.
Guy works a lot for his money.
Linden-
The fact that your sources are this site and th LA Times prove how far away from the situation you are.
Sure, you can have an opinion…it’s just a stupid one.
Linden,
You really don’t have any idea what you are talking about.
“They didn’t work on the deal.” Are you sure about that are are your sources DHD and the LA Times? If that’s what you are basing your opinion on, I’d shut it and hurry before you are late to your shift at Jack in the Box.
Deals like this don’t come along without paving the way for YEARS. Who do you think was working on the next deal before Craig Jacobson even represented Ryan?
# 3 with a Coke. Don’t mess that one up.
I’ve been represented by CAA, UTA, and WMA/WME in this area. All I can say is goodbye RSP…you just lost the best agent in town.
Guys, you’re nothing but anonymous commenters on a blog – maybe you’re insiders, maybe bored losers from Iowa.
Anyway, it’s easy for people to count other people’s money and decide what those people should with their own money. I have no illusions about Seacrest, he’s greedy and insanely ambitious, and he’s businessman who made business decision.
And I honestly can’t believe I just said something in defense of Seacrest. He definitely has at least one talent – to make money.
Oh, I’m not going to deny, I never was interested in Ryan Seacrest’s deals, and don’t have deep information. Not really fan of his, although he doesn’t bug me, like he does many people.
Anyway, I guess with just looking at this situation from different points of view.
And who cares, really.
True…he did make a business decision. Sadly it’s a decision that will cost him millions of dollars in business for his production company. Far more than anything he would have had to pay WME.
Seriously, who is advising this guy?
The Sean Perry vs John Ferriter was is on. Just wait and watch. You will not beleive what is about to happen.
Rick Rosen and Ari better take of it now. Sean, call Gersh
Why would it cost him millions of dollars?
I can tell you why it will cost him millions. CAA may be dominant with movie stars but in terms of unscripted TV, WME > CAA. It’s not even close.
I’m a reality EP/showrunner and I could not get arrested at CAA. I signed with WMA (now WME) and I make seven figures.
How can you even compare Sean Perry to John Ferriter? John and Mark Itkin have created the most dominant, close-knit group of agents in unscripted TV…possibly the entire industry. The best part about Sean Perry is Lance Klein.