INTERNATIONAL CREATIVE MANAGEMENT SELLS ICM ARTISTS
November 2, 2006 (Los Angeles and New York) � International Creative Management (�ICM�), one of the world's largest talent and literary agencies, today announced the sale of ICM Artists, Ltd. (�ICMA�), the classical music and performing arts subsidiary of ICM. David Foster, President and CEO of ICMA and Byron Gustafson, Executive Vice President and Managing Partner of ICMA, together with Newsweb Artists, LLC, led a management buyout of ICMA. Newsweb Artists is an affiliate of Newsweb Corporation, a Chicago-based media company. ICMA will retain its name during the transition period and a new name will be announced at a later date.
Based in New York, ICMA has been a subsidiary of ICM since 1976. It represents an extensive roster of the world�s leading classical instrumentalists, conductors, and vocalists and also manages the touring activities of numerous orchestras, dance companies and performing ensembles. A complete roster of artists and groups managed by ICMA is attached. ICMA�s client roster, as well as staff and executive structure, will remain the same following the sale.
�Our new structure offers us financial independence as well as greater flexibility in building on our 30 year legacy of providing the high level of service our distinguished roster of artists deserve,� said David Foster, President and CEO of ICMA. �I am delighted we�ve been able to keep our talented employees together as we move into the future with confidence.�
About ICMA Formed in 1976, ICMA is an established leader in the international management of the world's most distinguished classical artists and performing ensembles. Under the leadership of President and CEO David V. Foster, ICMA represents an extensive roster of classical instrumentalists, vocalists and conductors, and manages the touring activities of an impressive array of international and American orchestras; chamber orchestras; vocal ensembles; dance companies; theater companies; family and holiday concerts; popular attractions; and special attractions.
ICMA has recently expanded its areas of focus to include several esteemed period instrument ensembles as well as cutting edge theater companies, and artists, providing just the right compliment to ICMA's first class offerings in the field of classical music.