An arbitrator officially sets Ed Limato free from ICM, a ruling that will allow him to take his old clients (Mel! Denzel! Gere! Steve! Liam!) with him as he searches for any new agency willing to foot the bill for his services and his fancy Oscar parties. Somewhere in Century City, a bartender is setting up a round of fresh babytinis on the house to celebrate his emancipation. [Variety]

Is there no end to ICM's unspeakable cruelty? First they take his job, and now they're coming for his beloved anti-Semite (and all his other clients): "'All the other talent agents at ICM have been meeting 'round the clock to make sure that all Limato will take when he leaves is the shirt on his back,' laughed one insider. 'ICM's Doug MacLaren has been working with Gere for years and believes he'll stay. ICM chief Jeff Berg handled much of Gibson's business and made Mel rich. And Berg originally signed Steve Martin. They are gleeful at the prospect of sticking another agency with the bill for Limato, and keeping all of his clients.'" [Page Six]