CAA’s Acquisition of ICM Is Driven by Hollywood’s Race to Consolidate | Analysis

CAA’s ”double down on representation“ signals a survival tactic, not just a talent-first philosophy, experts say

CAA’s acquisition of ICM Partners, accounced on Monday, is more than the marriage of two legacy talent agencies laser-focused on representing talent. It is also the latest sign of Hollywood’s race to consolidate as streaming has upended decades-old business models and forced legacy companies to adapt or die.

The combination of factors — including rival Endeavor going supersize and public; the end of agency packaging fees in 2022; and the impact of a streaming-first entertainment industry — led to what many experts called a savvy move — bigger and therefore better.

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Diane Haithman

Diane Haithman

Senior Entertainment Business Reporter • • @dhaithman Diane came to TheWrap from a position as Staff Reporter at The Los Angeles Business Journal, covering Entertainment/Media, Philanthropy and Style. Diane was a Los Angeles Times Staff Writer for two decades, covering arts, culture and the TV industry. Her novel Dark Lady of Hollywood was published to critical acclaim by Harvard Square Editions in 2014. She serves on the adjunct faculty of Emerson College Los Angeles and has taught feature writing at USC. Diane is co-author of the nonfiction book The Elder Wisdom Circle Guide for a Meaningful Life (Penguin/Plume 2007) and is a member of the National Association of Black Journalists-Los Angeles Chapter.

Beatrice Verhoeven, PWS

Beatrice Verhoeven

Film Editor, Twitter: @bverhoev

Tim Baysinger

TV reporter • • Twitter: @tim_bays