The Impact of the Writers' Strike on Hollywood and Beyond.
Hollywood talent agencies, including CAA, WME, APA, Gersh, and Paradigm, are implementing cost-cutting measures such as extra scrutiny on travel and expenses and temporary salary reductions amid the ongoing WGA strike. The strike has led to a drying up of agencies' film and TV revenue streams, with many series and movies delayed or halted. However, having gone through the pandemic, agencies are expected to better navigate the effects of the strike and possibly avoid layoffs.