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

Senior Entertainment Business Reporter • diane@thewrap.com • @dhaithman

Beatrice Verhoeven

Film Editor, Twitter: @bverhoev

Tim Baysinger

TV reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays