ICM Independent Film Guru Hal Sadoff Leaving Agency

The movie finance stalwart will remain with ICM at least briefly to transition some of his business to agents in his department.

4:49 PM PST 2/13/2012 by Daniel Miller

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Hal Sadoff

Hal Sadoff, head of ICM's international and independent film department, is leaving the Century City-based talent agency. He has been with the company for seven years.

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ICM declined to comment on the move but a source confirmed to THR that Sadoff wil remain with the company at least briefly to transition some of his business to agents in his department. The group, which is a division of ICM's motion picture department, is comprised of agents Jessica Lacy and Peter Trinh.

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Sadoff is a former investment banker and co-founder of independent film finance company Cobalt Media Group.

News of his departure comes as ICM brass continues to work on a deal to transform the agency into a partnership. In December, ICM chairman Jeff Berg, president Chris Silbermann and others reached an agreement to buy out the agency's majority owner, Rizvi Traverse Management. The deal is still being hammered out but could be completed by the end of the first quarter, according to a source.

STORY: ICM Executives to Buy Out Majority Owner Rizvi Traverse

Sadoff and his department were active at the Sundance Film Festival in January, selling well-received films Robot & Frank and Safety Not Guaranteed. He has been an active presence at this month's European Film Market in Berlin.

Email: Daniel.Miller@THR.com

Twitter: @DanielNMiller