UPDATED 6:56 PM: Abrams Artists Agency and Zak Bagans have reached a settlement in their dispute over commissions, we’ve learned. The veteran of Travel Channel‘s Ghost Adventures and Paranormal Challenge will continue to be repped by the agency.
PREVIOUSLY, May 2: The agency is suing Zak Bagans and his production company for unpaid commissions tied to his deal with Travel Channel. In the 14-page complaint filed today in Los Angeles Superior Court (read it here), Abrams Artists Agency claims Bagans and his Zak Bagans Entertainment owe more than $300,000 from the deal that is set to run through April 2015. According to the suit, AAA and Bagans entered into an “oral and/or implied agreement” for representation in 2009. The following year, AAA and Travel Channel struck a deal in which Zak Bagans Entertainment — whose credits include Travel’s Ghost Adventures and Paranormal Challenge — would receive $4.5 million during the next two to three years. But the suit says that after Abrams opted in January not to renew the contract of his agent, Joe Rose, Bagans “unilaterally terminated the agency agreement with AAA. Bagans and ZBA then ceased paying commissions to AAA.” The agency is suing over unpaid commissions since then and its cut of future payments from Travel of more than $2.8 million. The suit seeks a jury trial and at least $305,833.32 plus interest and fees. Attorney Steven H. Blackman of LA’s Isaacman, Kaufman & Painter is repping Abrams.