Hollywood company CAA obtaining competing ICM to develop motion picture powerhouse

Creative Artists Agency LLC updates

Creative Artists Agency stated it would get the competing skill group ICM, integrating 2 effective stables of representatives amidst sweeping modifications in Hollywood and the worldwide sports market.

The offer, which is anticipated to nearby completion of the year, follows skill companies were required to dismiss employees due to the pandemic-related suspensions of live occasions and expensive hold-ups in recorded productions. Financial terms were not divulged.

It would be the very first huge merger of skill groups considering that the William Morris Agency integrated with Endeavor in 2009. Endeavor, led by Hollywood impresario Ari Emanuel, was backed by the personal equity group Silver Lake for a years and went public in April. It has a market capitalisation of $12.5bn.

The offer will bring CAA’s customers — that include Scarlett Johansson, Tom Hanks and Steven Spielberg — under the very same roofing as ICM’s Al Pacino, Susan Sarandon and Jodie Foster.

The personal equity company TPG bought CAA in 2010, taking a bulk stake 4 years later on in a deal that valued the skill company at more than $1bn.

The offer came as monetary financiers looked for methods of benefiting from material rights that skyrocketed in worth as music and video streaming produced brand-new methods of monetising artists’ back brochures and activated a boom in tv production.

CAA, based in Los Angeles, has strengths in movie, TELEVISION, music and sports. Besides its core locations of movie, tv and theatre, ICM has a strong books department. ICM in 2015 obtained London-based ICM Stellar Sports, which has more than 800 customers all over the world. Both groups take pride in their strength in emerging locations such as podcasting.

“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,” CAA stated.


News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

Related Articles

Back to top button