International Creative Management has hired film financier and “Hotel Rwanda” executive producer Hal Sadoff to head its international and independent film department.
Sadoff fills a key role at the agency, one that’s been vacant since Ken Kamins exited a year ago to form management company Key Creatives. Longtime ICM agent Bart Walker, who had a hand in brokering many indie finance and distribution deals for the agency, left the tenpercentery to join CAA last month.
Although Sadoff’s duties will eventually include repping individual clients, in the near term he’ll focus primarily on deals for existing agency clients. He’ll start his new job before the end of the year.
“Hal has a formidable background in film finance and distribution as a lender and adviser to independent companies, foreign sales companies, international distributors and major studios,” said ICM chairman-CEO Jeff Berg. “He is unique in having this level of functionality. It creates a competitive advantage for us in this area.”
Sadoff will oversee a department that includes Shaun Redick, who handles many of the direct sales of clients’ films to distributors. “It’s Hal’s department to manage and grow as he sees fit,” said Berg.
A former banker and the founder of financing and foreign sales shingle Cobalt Media Group, Sadoff has been involved in the financing of more than 200 films, the budgets of which total more than $2.5 billion. His experience includes single-pic financing, sale-leaseback, private placement and initial public offerings.
Most recently, Sadoff arranged financing for “Hotel Rwanda,” to be released by United Artists Dec. 22. Pic preems tonight in Los Angeles.
Previously, Sadoff was co-founder, partner and head of Cobalt’s Los Angeles office. There he was involved with films including “The House of Sand and Fog,” “Open Range,” “Swimfan,” “Band of Brothers,” “Heartbreakers” and “The World Is Not Enough.”
Sadoff was senior VP and head of the Los Angeles office of London-based National Westminster Bank, where he built the Media and Entertainment Finance Group.
“The opportunity to join ICM allows me to capitalize on my 18 years of finance and distribution activities in the film business,” Sadoff said. “ICM’s international focus and client base provides me with a broad platform in a new but logical extension to my career.”