The story
Founded by Marvin Josephson in 1975, in Century City.1
Formation and growth
International Creative Management was formed in 1975 through the merger of Marvin Josephson's International Famous Agency and Freddie Fields' Creative Management Associates (CMA). ICM's first president was Freddie Fields, although he did not last long in the role. Other important figures in the merger were Sam Cohn and Guy McElwaine of CMA.
In 1985, ICM acquired London-based talent agency Duncan Heath Associates, which in 1991 merged with ICM London, with Heath became chairman of the merged company.
In 1992, Josephson relinquished direct control of ICM to a triumvirate composed of Jeff Berg, Sam Cohn, and Jim Wiatt. Despite this transfer of leadership, Josephson retained a significant role within the agency, maintaining an active leadership position and continuing to manage his personal client roster.
In 2005, the company raised a financing round of $75 million from Rizvi Traverse.
In 2006, ICM acquired the literary agency Broder Webb Chervin Silbermann.
ICM Partners
In 2012, the agency completed a management buyout and formed a partnership with the new name, ICM Partners.
In March 2018, ICM acquired the Just For Laughs comedy festival, as part of a partnership with the Canadian entertainer Howie Mandel. A 51% majority was later sold to Bell Media and Groupe CH to maintain a primarily-Canadian ownership. In June that year, ICM formed a partnership with esports-focused talent agency Evolved.
In December 2019, ICM Partners sold a one-third equity stake in the company to Crestview Partners, with the expressed goal to grow the company within the representation business with an emphasis on International growth.
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In March 2020, ICM partnered with Primary Talent International, a London-based music touring agency with over 700 touring clients. In August, they bought a significant minority interest in Albatros, a literary agency based in Stockholm and moved partner Pete Stone to Sweden to run ICM Europe. In October, the agency purchased Stellar Group, the largest football/soccer agency in the world and rebranded it ICM Stellar Sports. (Stellar Group CEO Jonathan Barnett was listed as the No. 1 sports agent in the world by Forbes magazine in 2019.)
In July 2021, ICM Partners and ICM Stellar Sports purchased one of the leading NFL representation agencies, Select Sports Group, a Texas based company headed by Jeff Nalley and Erik Burkhardt.
Acquisition by Creative Artists Agency
In September 2021, it was announced that ICM would be acquired by Creative Artists Agency (CAA). The deal closed in June 2022 at a value of $750 million. Following the acquisition, 105 positions from ICM were set to be eliminated, with about 425 staffers and agents joining CAA.
From Wikipedia’s article on ICM Partners, shared under CC BY-SA 4.0.4