CAA and ICM are now one very large agency.
Late last year, CAA and ICM announced they would merge. Now, the paperwork has gone through, and the two powerhouse agencies are one. Combined assets put them around $5 billion, with CAA paying $750 million to acquire ICM.
As the dust settles on this merger, at least 105 people have been laid off. Most were cited as redundancies, with CAA already covering many of the areas ICM has covered. An undisclosed number of employees left ICM to produce, to be managers, and for other agencies.
CAA’s Co-Chairmen Kevin Huvane, Bryan Lourd, and Richard Lovett said in a statement:
Author: Jason Hellerman
This article comes from No Film School and can be read on the original site.
