Inside CAA’s $750 Million ICM Acquisition: What the Supersize Hollywood Agency Gains (and What ICM Loses)

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Many veteran agents within ICM’s branding, independent film and unscripted TV departments have exited or won’t transition over

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CAA ICM acquisition (Getty Images)

With the dust settled and CAA finally closing its $750 million deal to acquire ICM Partners on Tuesday after a wait of nearly 10 months, a picture is becoming clear of just how much CAA is gaining from its acquisition — and how much of ICM is being left behind.

Entire ICM departments will be significantly shaved or eliminated as part of the acquisition, including branding, independent film, unscripted TV and a solid chunk of the music department — with a total of 105 staffers expected to be pink-slipped, all from ICM. Exiting agents include the head of ICM’s unscripted TV department Michael Kagan and independent and international film head Jessica Lacy, insiders said.