Hollywood agency CAA acquiring rival ICM to create movie powerhouse

0 5
Hollywood updatesSign up to myFT Daily Digest to be the first to know about Hollywood news. Creative Artists Agency says it will acquire the rival talent group ICM, combining two powerful stables of agents amid sweeping changes in Hollywood and the global sports industry. The deal, which is expected to close by the end of the year, comes after talent agencies were forced to dismiss workers due to the pandemic-related suspensions of live events and costly delays in filmed productions. Financial terms were not disclosed. It would be the first big merger of talent groups since the William Morris Agency combined with Endeavor in 2009. Endeavor, led by Hollywood impresario Ari Emanuel, was backed by the private equity group Silver Lake for a decade and went public in April. It has a market capitalisation of $12.5bn. “This has a seismic scale impact in Hollywood that certainly must have the people at Endeavor talking,” said Eric Schiffer, chairman of Reputation
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade