In a shocking turn of events in town A3 has announced the agency’s closure with final paychecks being sent out next week.
According to sources in Hollywood, the decision to pull the trigger was made unilaterally by chairman Adam Bold on Friday afternoon and caught agency CEO Robert Atterman and president Brian Cho by surprise. In an aburupt email A3 COO Todd Quinn informed staff in an email Friday, writing, “The decision was not made lightly and comes after extensive analysis. Despite our best efforts, we find ourselves unable to continue operating in a sustainable manner.” Final paychecks will be sent to staff on Monday, which will be its final day of operations.
Atterman and Cho at A3 are currently suing Bold for fraudulently compelling them to sign over their managing rights to him. The suit was filed on Dec.4 2023 after both the unscripted and digitial divisions were sold off to Gersh.