HEAD OF THE CLASS CREATORS SUE THEIR AGENTS

Yet another accounting-practices lawsuit has been filed in Hollywood in which content creators are suing the company they created the content for. Only in this case, the content creators are suing their former agents. As reported by today’s (Tuesday) Hollywood Reporter, Michael Elias and Richard Eustis, the former creators and exec producers of ABC’s Head of the Class, claim in the lawsuit that while their agents at CAA negotiated a “net profits” deal with Warner Bros (such deals are usually worthless, because studio accountants make certain that no “net” ever is allowed to exist), they negotiated a far better deal for themselves, including a package fee and a 10 percent of contingent compensation. The result: CAA continues to receive back-end revenue for the show, while their clients receive virtually nothing. CAA declined to discuss the lawsuit.