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.
Editor-in-Chief Nikki Finke - tip her here.







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.