Reprinted from Deadline Hollywood by David Robb on July 2, 2019.
The WGA on Tuesday warned potential investors in Endeavor’s new IPO that they “should be aware of serious conflicts of interest inherent in Endeavor’s key operations, which have caused substantial client loss and put the company’s representation revenues at risk.”
The warning comes as the guild and Endeavor subsidiary WME and the other major talent agencies are locked in a protracted battle in which the guild is trying to reshape the agenting business.
Last week, the guild told the SEC that Endeavor’s IPO registration filed in May inaccurately reported WME’s client numbers, a claim Endeavor has rejected. (Endeavor responded by saying that “Once again, in an attempt to disrupt our business, WGA leadership is misrepresenting the facts.”) …