Gersh Agency Implements Pay Cuts Amid Deepening COVID-19 Health Crisis
Click here to read the full article.
Gersh has become the latest Hollywood talent agency to impose salary reductions in an effort to mitigate the devastating impact the coronavirus pandemic has had on the entertainment business as the death toll worldwide continues to rise.
Like other companies that have resorted to pay cuts, Gersh Agency’s biggest earners will take the brunt of the reductions, said to go up to 45%, with Bob Gersh and David Gersh forgoing their salaries.
More from Deadline
China's iQiyi Streams Blockbuster 'Ne Zha' Across South East Asia
Duran Duran's John Taylor Reveals Coronavirus Diagnosis, Recovery: "We Can And Will Beat This Thing"
NBC News's Kate Snow Says Husband Chris Bro Is Sick With Coronavirus Symptoms
The agency also has furloughed a group of mostly support staff, including assistants, with the idea of bringing them back when the business returns to normal. They are keeping their health benefits.
Gersh has a strong talent department and recently signed a franchise agreement with the WGA.
Best of Deadline
Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak
Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto
Sign up for Deadline's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.