Hollywood Ending: A Rare Win Over Private Equity

Hollywood Ending: A Rare Win Over Private Equity
AP Photo/Damian Dovarganes, File

Organizing is an often interminable process where victory can be well over the horizon. That’s especially true when the adversary is powerful, deep-pocketed, and well connected. So it’s important to recognize wins when they happen, and explain their importance. The triumph of the Writers Guild of America in a two-year fight with a set of private equity–fueled talent agencies fits this description.

Back in April of 2019, thousands of writers intentionally fired their agents. They were protesting a reversal in the business model of the talent agencies, particularly the “Big Three,” which had recently come under the sway of private equity money. Thus swayed, those agencies had switched from serving their clients to serving themselves.

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