Percentery spins off music unit

Looking to concentrate on its core rep businesses in film, TV, publishing and popular music, ICM has spun off ICM Artists, the classical music and performing arts unit that has been a subsidiary of the agency since 1976.

The company and its clientele has been acquired in a management buyout by ICMA president David Foster and exec veep-managing partner Byron Gustafson, who were helped on the financing end by the Chicago-based media company Newsweb Corp.

Company will remain based in New York and carry the ICMA name through a transition period.

ICMA reps an extensive roster of classical musicians, conductors and vocalists, as well as the touring businesses of orchestras, dance troupes and performing ensembles.

Noteworthy clients include pianists Emanuel Ax, Yefim Bronfman and Leon Fleisher; cellists Lynn Harrell and Yo-Yo Ma; conductors James Conlon and Bobby McFerrin; composers such as Wynton Marsalis; and troupes such as the Alvin Ailey American Dance Theater.

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