Resolution, the literary and talent agency founded by veteran Hollywood talent agent Jeff Berg, is set to close less than two years after its launch.
Berg, the former chairman and chief executive of International Creative Management, opened the Century City-based agency in January 2013, with initial backing from Arizona private investment firm Najafi Cos.
The start-up agency has faced the challenges of a changing business. Studios are making less films than they did a decade ago, causing the current Hollywood landscape to be less ripe with A-list talent that agencies count on for big commissions.
Berg notified his roughly 50-person staff about the closure Monday morning, according to a person close to the company who wished to remain anonymous because of the sensitivity of the situation. The founder is said to be working to help place his agents elsewhere.
Back when the company was founded, Berg said the new agency would look to represent talent in film, TV, publishing, theater and music.
"As the market has gotten consolidated, and companies have gotten bigger, we asked the question: 'What does that mean for the artist? What does that mean for the client?'" he said in January 2013. "The theme I found repeated time and again [was], 'We want to find something more containable.' That's why we embarked on this."
Though Resolution has a roster filled with well-known talent, such as composer Danny Elfman, the person close to the company said it has struggled internally with uncertainty about its future for several months.