In the latest example of Hollywood consolidation that took the town by suprise on Monday (September 27) CAA has announced it is acquiring ICM Partners.
The agencies said the move would “create deeper, broader, and more competitive opportunities for clients in the ever-evolving entertainment, media, and sports landscapes”.
It is the biggest Hollywood agency merger since WMA and Endeavor merged several years ago.
ICM brings a strong client roster from music, film, TV, theatre, games, podcasting and politics. Its London-based ICM Stellar Sports serves more than 800 clients around the globe and maintains offices in 10 countries.
“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,” said CAA’s Bryan Lourd, Kevin Huvane, and Richard Lovett.
“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. Our strong financial position enables us to continue to expand and diversify our businesses, with service and representation remaining central to what we do and who we are. We’re fortunate to have a partner in ICM who shares our commitment to the widest and most inclusive vision possible for what our clients and company can accomplish together.”
“We’re thrilled to partner and combine forces with the talented CAA team,” said ICM’s Chris Silbermann, who will join CAA’s shareholder board. “Together, we will build upon our accomplishments and entrepreneurial spirit, and continue to demonstrate an unwavering commitment to the best interests of our clients, as well as empowering new, diverse voices within the industry.”