billboard.com
07.07.2020 / 13:26
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CAA Cuts Pay Amid Pandemic, Agency Co-Chairmen to Forgo Salary
CAA is the latest agency to implement paycuts as the industry continues to weather the novel coronavirus pandemic, The Hollywood Reporter has confirmed.Announced via video conference this morning, the reductions in pay will be companywide and proportionate – meaning higher earners take deeper cuts – maxing out at 50 percent, with the exception of co-chairmen Richard Lovett, Bryan Lourd and Kevin Huvane, who will forgo the remainder of their salaries for 2020.The pay rate for assistants – raised in January in response to the #PayUpHollywood movement – will remain unchanged, although they are working an hour less per day in the work-from-home environment.CAA has not yet laid off any employees as a result of the pandemic-induced industry