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.