Closing Bell

CAA closes ICM acquisition, alters agency landscape

CAA has closed its acquisition of fellow talent agency ICM Partners in a deal valued at $750M, "resulting in a pro-forma enterprise valuation" of $5B for the enlarged agency. This comes "nearly a year since the deal was announced" in September '21. The transaction was "delayed due to increased scrutiny from the Department of Justice and Federal Trade Commission." In the Hollywood agency landscape, the deal "reduces the Big Four agencies to the Big Three, with WME and UTA as CAA’s largest competitors." It is also "likely to result in reductions in staff at CAA and ICM Partners." CAA plans to move its L.A. HQ to a "larger location in Century City as it prepared to absorb hundreds of new employees." Allen & Co. served as financial advisor for CAA; Lazard as financial advisor for ICM (, 6/28).

SBJ Morning Buzzcast: August 9, 2022

The end of the Bowlen era in Denver; Big Ten media deal close? Also, Jake Paul's venture in sports betting and Eck's walk-off.

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

SBJ Spotlight: Warner Bros. Discovery

CNBC media reporter Alex Sherman joins SBJ’s John Ourand to discuss Warner Bros. Discovery’s streaming strategy. The two talk about the company’s interest in sports rights, with Sherman noting that the company is in a cost-cutting mode, which is one reason why it has not been active in media rights negotiations over the past several months.

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