Hal Sadoff, longtime head of international and indie film at ICM, is ankling after months of exit negotiations — the beginning of an expected flurry of staff comings and goings as the percentery shifts into a partner-owned agency.
ICM on Monday also promoted eight coordinators to agent status across multiple departments. But there was much chatter in the industry about the prospect of agent departures in the coming weeks.
The shuffle comes as ICM undergoes a transfer of ownership to its core partner agents, six years after a majority stake in the agency was acquired by private equity shingle Rizvi Traverse Management. ICM toppers Chris Silbermann and Jeff Berg have been hammering out a restructuring deal since last year. Amid the turmoil at the agency, Sadoff and ICM began negotiating his exit.
Brought aboard by Berg in late 2004, Sadoff is expected to stay in his current role while the agency prepares to disperse his duties.
The eight coordinators promoted to agent Monday are Jeff Barry, Bryan Diperstein, Remington Franklin, Laura Haas, Andrew Kurland, Ann Murphy, Eric Skinner and Howie Tanenbaum. All were part of ICM’s agent trainee program.
Sadoff has nearly 25 years’ experience in entertainment finance and film production, packaging financing for hundreds of films including “House of Sand and Fog,” “Seven Years in Tibet,” “What’s Eating Gilbert Grape,” “A Bronx Tale” and “Hotel Rwanda.” His career includes stints at Cobalt Media Group, the independent financing and international sales that Sadoff co-founded; SVP of London-based National Westminster Bank, whose media and entertainment group he built from the Los Angeles office; as well as serving as executive producer and financial consultant on dozens of films.