Powerhouse literary agencies William Morris and International Creative Management have quietly
raised their commissions to 15 percent from 10 percent.
According to the New York Times, WMA began hiking its commissions the beginning of last year as authors renewed their two-year representation deals. The larger ICM raised its commissions last month.
Adelstein Exits Endeavor
Endeavor talent agency partner Marty Adelstein is leaving the 6-year-old company to start his own multi-faceted entertainment company and become a manager. According to the Los Angeles Times, Adelstein is trying to raise capital for his new company.
Adelstein's clients will remain at Endeavor and be co-repped by him. TV series creators David E. Kelley (''Ally McBeal") and Bonnie and Terry Turner (''That '70s Show'') and wrestler cum actor The Rock, are among his clients.
Before joining Endeavor in 1995, Adelstein was an agent at CAA, United Talent and Leading Artists.