New CAA executive Matteo Perale will focus on aggressive growth, while nine ICM agents are now partners in the business
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The blockbuster deal had been delayed while the US department of justice investigated its impact on the entertainment industry
By James Hanley on 28 Jun 2022
Creative Artists Agency (CAA) has completed its acquisition of ICM Partners (ICM).
The acquisition, announced last September, was initially planned to close by the end of 2021 but was delayed while the US department of justice (DOJ) investigated its impact on the entertainment industry.
The completion of the deal – valued at $750 million by Hollywood Reporter sources, brings together two of the leading global agencies in entertainment and sports, and is the second major development to impact the agency world in the space of three months, following Wasserman Music’s acquisition of Paradigm UK’s live music business, which was announced in April.
As a result, the international live music agency landscape is now largely consolidated by just four companies – CAA, Wasserman, UTA and WME.
“Today marks a new chapter in the history of our company”
“Today marks a new chapter in the history of our company, positioning us better than ever to deliver extraordinary opportunities for many of the world’s preeminent artists, athletes, thought leaders, brands, and organisations in entertainment, sports, and culture,” says a statement by CAA’s co-chairmen Kevin Huvane, Bryan Lourd and Richard Lovett.
“We are thrilled to welcome our new ICM colleagues to CAA, and look forward to combining their expertise, relationships, and resources with those of our agents and executives around the world. Our diverse range of clients who entertain and inspire large global audiences have never been in more demand, nor have their opportunities been greater. With today’s addition of our new colleagues, the scope of possibilities for helping clients achieve their goals is limitless.”
“We couldn’t be more enthusiastic about our future together”
ICM brings to CAA a global roster of artists in film, television, music, comedy, theatre, games, politics and podcasting. Its music clients include Chaka Khan, Corinne Bailey Rae, D’Angelo, Dan Auerbach, Good Charlotte, J. Cole, Jerry Seinfeld, Jill Scott, Kamasi Washington, Khalid, Migos, Roger Daltrey, Rosanne Cash, Scott Stapp, Sheila E, The Black Keys and Trey Songz.
“Combining with the best-in-class agency to build an even greater representation company for our clients and our colleagues is the core strategic reason for this move,” adds ICM’s Chris Silbermann and Ted Chervin. “We couldn’t be more enthusiastic about our future together, and are energised by the sophisticated, forward-thinking representation we offer clients. This is the ideal next step for our companies.”
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