Hollywood Talent Agencies Moving Away from Ownership Model: video

from Vator.tv, a tech company social network

  • ‘The agencies, such as United Talent Agency and William Morris, are becoming more like venture capitalists as they move toward an ownership model and further away from the representation model, said Chris Pappas, head of digital media practice for United Talent Agency. “We find the right artist (and) we create a company around his/her intellectual property,” he said. As for the artist, “they’ll have a substantial ownership position,” he added. “The idea is that they’ll be the owner of that content and not just workers for hire.”‘

video here
 

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