Layoffs hit ICM Partners as WGA fight drags on

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Layoffs hit ICM Partners as WGA fight drags on
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ICM Partners has laid off a handful of talent agents.

ICM Partners has laid off about half a dozen agents as the Hollywood talent agency and its rivals are grappling with a months-long standoff with the Writers Guild of America.

Crestview Partners will invest about $150 million in exchange for a minority ownership stake that is about one-third of Los Angeles-based ICM Partners, sources said. ICM expects to use the proceeds from Crestview Partners to acquire agencies in Europe.

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