Word: caa
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...before anyone files this article under obituary, it should be noted that CAA still represents most of Hollywood's hardest-working filmmakers, including seriously surnamed stars Cruise, Hanks, De Niro, DeVito and Pacino. And the recent turmoil hasn't kept the agency from signing talent like Anthony Hopkins, Nick Nolte and hot newcomer Matthew McConaughey (the upcoming A Time to Kill) while forging multimedia ties with Intel and the creators of an innovative Internet Website known as The Spot...
...major faux pas occurred in March, when a top agent made a deal for Val Kilmer to star in The Saint, even though its filming schedule conflicted with the actor's commitment to reprise his caped-crusader role in the upcoming Batman and Robin--prompting Batman director and longtime CAA client Joel Schumacher to leave...
...addition, there is an obvious generation gap between CAA's Old Guard and the Young Turks who hold sway over many of the agency's most valuable clients. The awkward management structure Ovitz put in place before his departure had representatives of the younger generation in charge of operations, with oversight provided by three older co-chairmen...
...rehab clinic for drug abuse since last fall; he was due to return to work this week following a lengthy recovery. Moloney's absence has left power concentrated in the hands of agency president Richard Lovett, 35. A go-getter nicknamed L'Ovitz, Lovett has worked at CAA for more than a decade, handling Tom Hanks, Michael Keaton, Nicolas Cage and other A-listers. The perception is that Lovett is performing well, if not exactly thriving...
Fortunately for CAA, the post-Ovitz era has seen its rivals in a state of flux too. Just two weeks ago, the 10% world was abuzz when a self-promoting, self-styled "agent warrior" named Gavin Polone was fired by the United Talent Agency after accusations of "inappropriate" behavior toward a female colleague, then given a seven-figure settlement and an apology by his superiors. She, in turn, took her own revenge: she quit and went over to CAA...