CAA Acquires ICM Partners In Mega-Talent Agency Merger

Acquires ICM Partners

In a sign of the times in a rapidly consolidating HOLLYWOOD, talent agency CREATIVE ARTISTS AGENCY and INTERNATIONAL CREATIVE MANAGEMENT PARTNERS will form a mega-group in the biggest deal of its kind since WILLIAM MORRIS and ENDEAVOR merged in 2009. Yesterday, the companies announced the agreement.

The merger of these two rivals, 46 years old, would result in only three major talent agencies remaining in HOLLYWOOD — WME/CAA/UTA. The deal is expected closing later in the year, subject to regulatory approvals and other customary closing conditions. The financial terms of the deal were not disclosed.

The new company will be managed by BRYAN LOURD and KEVIN HUVANE, CAA’s heads. RICHARD LOVETT, CHRIS SILBERMANN, ICM Chairman, will also join the shareholder board. 

ICM’s strengths include book publishing and sports (it purchased LONDON-based STELLAR GROUPS last year). AC/DC, ARIANA GRANDE and BILLY CORGAN are the touring artists of CAA.

ICM PARTNERS’ music roster includes ALISON MOYET, ALY & AJ, BOB SEGER, BUDDY GUY, CHAKA KHAN, CORINNE BAILEY RAY, COURTNEY LOVE, D’ANGELO, DAN AUERBACH, DAVID FOSTER, ENGLEBERT HUMPERDINCK, EXPERIENCE HENDRIX, FLO RIDA, GARY NUMAN, GOOD CHARLOTTE, J. COLE, JOHN HIATT, JILL SCOTT, JEAN LUC-PONTY, KEB MO, KEHLANI, KENNY “BABYFACE” EDMONDS, KHALID, KID INK, LISA LOEB, MARCUS MILLER, MIGOS, NE-YO, NELLY, NATALIE IMBRUGLIA, KAMASI WASHINGTON, RICHARD MARX, ROBIN THICKE, RUMER, SCOTT STAPP, SINEAD O’CONNOR, SPYRO GYRA, THE BLACK KEYS,THE GO-GOs, THE TEMPTATIONS and POWER OF TOWER.

CAA’s LOURD, HUVANE and LOVETT issued the following statement on the deal: “Today’s storytellers, athletes, thought-leaders, and trend-setters who can move, inspire, and attract large, global audiences have unprecedented opportunity and ability to achieve their goals and aspirations. The strategic combination of CAA and ICM bolsters our collective resources, expertise, and relationships to deliver even more opportunities for our world-class clients to build their careers and their brands across multiple disciplines and platforms in an evolving marketplace.”

The news comes on the heels of major upheaval in the talent agency sector. WME, whose parent company ENDEAVOR was listed in APRIL, has expanded into live events like the UFC. To fulfill their contractual obligations to the WRITERS GUILD of AMERICA, the agencies had to reduce their packaging of film and TV projects. They cannot also hold more than 20% in production companies, which were major revenue streams for them.

An L.A. TIMES report earlier this year revealed a scandal at ICM PARTNERS, with former employees accusing male agents and executives of harassment, prompting the agency to state it “does not tolerate harassment, bullying or other inappropriate conduct. HR investigates all reports received and addresses each with appropriate disciplinary measures up to and including dismissal.”

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