Creative Artists Agency to buy ICM Partners in landmark deal
LA TimesCentury City-based Creative Artists Agency said Monday that it is acquiring ICM Partners for an undisclosed price, in a deal that could transform Hollywood’s talent agency industry. “It’s asking the question: Is bigger necessarily better?” The deal would give CAA access to a lucrative publishing business and ICM’s top clients, including “Grey’s Anatomy” creator Shonda Rhimes, actor Samuel L. Jackson, director Spike Lee and Ellen DeGeneres. CAA’s purchase of the smaller ICM Partners comes amid a broader consolidation of the entertainment industry as media companies bulk up their film and TV content offerings for streaming services. “We will carefully scrutinize this combination of two storied talent agencies to ensure that performers will benefit from, and are not disadvantaged by, the deal,” SAG-AFTRA National Executive Director Duncan Crabtree-Ireland said in a statement.
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