A staggering 75% of the agents at one of the UK’s biggest literary and talent agencies are on the verge of leaving and setting up a rival business.
To cut a long story short, the ‘rebel agents’ are said to be increasingly unhappy with recent developments at the company following the failure of a management buyout, the resignation of ‘legendary’ agent Pat Kavanagh and appointment of Caroline Michael as Chief Executive at CSS Stellar, PFD’s parent company.
The authors represented by the rebels, including Nick Hornby and Robert Harris look set to follow suit and go where their agent goes, along with clients of the acting department. The agents who represent Hugh Grant, Kate Winslet and Keira Knightly have already handed in their resignation.
Where this leaves PFD, without respected staff members and clients, remains to be seen. What is certain is that there are interesting times ahead.
Read more at The Times UK.