- Agency to shut down on Monday, according to internal memo
- Employees to receive final paychecks on February 12
- Partners filed lawsuit accusing majority owner of mismanagement and misconduct
After being hit with a lawsuit from its partners, A3 Artists Agency, a prominent talent representation business, has announced that it will be closing its doors next week. The agency, which represents notable clients such as Lorraine Bracco and Anthony Michael Hall, has faced significant internal turmoil, leading to this decision. This news has sent shockwaves through the entertainment industry, raising questions about the future of the agency and the careers of its clients.
Internal Memo Confirms Closure
In an internal memo obtained by Variety, A3 chief operating officer Todd Quinn announced the agency’s imminent closure. The memo stated that the decision to shut down was made after extensive analysis, as the agency found itself unable to continue operating in a sustainable manner. This unexpected turn of events has left employees in a state of uncertainty, as they will soon be issued their final paychecks and have their benefits extended for a brief period.
Lawsuit Alleges Mismanagement and Misconduct
The closure of A3 Artists Agency comes on the heels of a lawsuit filed by CEO Robert Atterman and president Brian Cho against majority owner Adam Bold. The explosive lawsuit accuses Bold of running the business into the ground, alleging mismanagement, drug use, and sexual harassment. The lawsuit paints a grim picture of the agency’s current state, claiming that agents have been leaving the sinking ship in droves or anxiously waiting for further developments.
When the lawsuit was initially filed in December, Bold vehemently denied the allegations, calling them a “shake down and pure extortion.” He stated that all the claims of drug use and sexual misconduct were completely false, and that he had evidence to prove his innocence. The ongoing legal battle further destabilized the agency, exacerbating the internal conflicts and contributing to its ultimate downfall.
The Future of A3 Artists Agency
With the impending closure of A3 Artists Agency, industry insiders are speculating about the future of the agency’s clients and employees. Some clients may choose to follow their agents to other representation companies, while others may need to find new representation altogether. The abrupt closure has left many in the industry concerned about the impact it will have on the careers of both established and up-and-coming talents.
Meanwhile, Atterman and Cho, the plaintiffs in the lawsuit against Bold, are reportedly considering forming a new representation company. Their aim is to provide a stable and reliable platform for their clients, free from the chaos and conflict that plagued A3 Artists Agency in its final days. It remains to be seen whether they will be successful in their endeavor and if they can rebuild their careers amidst the ongoing legal battle.
The closure of A3 Artists Agency marks the end of an era in the talent representation industry. The agency’s reputation has been tarnished by the internal conflicts and legal battle, leaving many wondering about the future of its clients and employees. This news serves as a reminder of the challenges faced by talent agencies in an ever-changing and unpredictable industry. As the entertainment world continues to evolve, it remains to be seen what the next chapter holds for those affected by the closure of A3 Artists Agency.