But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. We want to hear from you! The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. and "Frankie and Johnny in the Clair de Lune," which later became a film with Michelle Pfeiffer and Al Pacino. 2023 Deadline Hollywood, LLC. Tonight, Gores sent an internal email that sought to reassure remaining staff about what the future held for the agency. No stars left.. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. Paradigm Talent Agency is an American full-service entertainment agency with offices in Los Angeles, New York, London, Chicago, Toronto, Monterey, Nashville, Berkeley and Austin.Paradigm Talent Agency has more than 200 agents representing clients in television, music performances, motion picture, theatre, book publishing, digital, commercial/voiceover, content finance, media rights, brand . The problem with Klein is that she is an abusive, brazen, and repugnant person who routinely clashed with others at Paradigm, the motion states. All Rights Reserved. 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Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. The Extra-Terrestrial" and "The Color Purple". UPDATED with more details: Crescent Drive Media, an investment company run by Paradigm boss Sam Gores' billionaire brother Tom Gores, has taken an "ownership interest" in the agency, shoring up . Since the layoffs last year, theres been a mass exodus of clients across the board, the former agent said. Because the lies in the lawsuit were reported in the media, it also had to involve public relations people to help interface with the media and its employees to ensure they were properly informed. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. A merger between whats left of Paradigm and APA is the likely outcome, the top agent said. His works included "Master Class," "Love! Paradigm has won the Pollstar Award for Booking Agency of the Year four times, in 2016,[2] 2018,[3] 2019[4] and 2020. View Michael's Contact Info. Deadline heard rumors that Gores was going to send missives to rival agencies asking they not hire those laid off agents, who still technically are tethered to Paradigm for 90 days. I want to thank everyone for their dedication, hard work and continued focus on serving our clients and agency and helping to position our company for a strong future. Paradigm Talent Agency has more than 200 agents representing clients in television, music performances, motion picture, theatre, book publishing, digital, commercial/voiceover, content finance, media rights, brand partnerships and beyond. Valour! continue to monitor the situation closely. In the early months of the crisis, live events and movie and TV productions ground to a halt and with them went the agencies primary sources of revenue. Paradigm talent agency has secured a new investment from Crescent Drive Media, a company owned by the brother of agency chief Sam Gores, and has recruited industry veteran Bruce Rosenblum as an investment adviser. Allen Daviau, a 5-time Oscar-nominated cinematographer, died April 15 at age 77. Paradigm Talent Agency fired back on Thursday against Debbee Klein, the high-level TV agent who filed an explosive suit against the company last week. She was 89. Paradigm has clung to its independence even as other talent agencies from CAA to WME to UTA have bulked up with outside investment from private equity, pushing into acquisitions and new lines of businesses to deploy their capital. Agents banded together and threatened to leave, while others publicly complained that they felt Gores used Paradigm earnings to fund his lavish personal lifestyle, insiders told TheWrap in April. Variety is a part of Penske Media Corporation. Deadline is a part of Penske Media Corporation. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. The Hollywood Reporter is a part of Penske Media Corporation. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. Subscribe for full access to The Hollywood Reporter, A fired Paradigm agent has filed a breach of oral contract lawsuit that alleges CEO Sam Gores mismanaged the company's finances and made "vast personal gains by running Paradigm as his personal piggybank.". before Friday, April 10. Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. Paradigm Physician Service. Signup for Breaking News Alerts & Newsletters. Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. Our intention is to support you as a member of the Paradigm family. Gores is cited in the tales of unrewarded loyalty, repeated claims of his sexual dalliances with prostitutes hired with company money, corporate funds used as a personal piggy bank, a self-sabotaged big bucks deal for Paradigm to be bought by UTA and rampant sexism, among other allegations by one of his long time lieutenants. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. He wrote on social media of his diagnosis on April 6, but he did not recover. Umberto has been profiled in such publications as The Washington Post, Variety and Grantland. Paradigm made a major strategic move in 2004 by acquiring independent music agency Monterey Peninsula Artists,[10] and followed up on that gain in 2006 by acquiring New York based music booking agency Little Big Man. the modern era. months of film and television productions, concerts, tours, and festivals were cancelled or postponed overnight, every aspect of our business was dramatically impacted. Legendary Auburn football coach Pat Dye died on June 1 after combating COVID-19 and other medical conditions. On this Wikipedia the language links are at the top of the page across from the article title. 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Following that he was president at Legendary Television and Digital Media between June 2013 through May 2016, and he was then president of Business Operations for Disney and ABC for a year between September 2016 and June 2017. Hilary Heath, an actress and producer who starred opposite Vincent Price in horror movies in the late 1960s and early '70s, died in April of COVID-19 complications. He was 41. [17], In January 2017, music agencies AM Only and The Windish Agency formally became known as Paradigm Talent Agency, after partnerships since 2012 and 2015, respectively. Paradigm also retains Warner Bros. vet Bruce Rosenblum as an adviser on growth and investment opportunities. Eight years later, he sold the company, which employed more than 200 people, for $2 million. From the beginning, we have The world continues to be upended by the coronavirus pandemic, with more people contracting COVID-19 as the days pass. Signup for Breaking News Alerts & Newsletters. I want to thank everyone for their dedication, hard work and continued focus on serving our clients and agency and helping to position our company for a strong future, Gores said. Michael Mau Shun Wang, 75. Paradigm, struggling after a year without live concerts that generated the bulk of its revenues from its deep roster of music clients, had reached the end of the line for its music business, which left precious little to continue as a going operation. The complaint says that as the U.S. began to fully deal with the coronavirus pandemic, Gores instituted a March Massacre, using the virus to cover for his long-planned, ruthless job cuts, which forced 200 Paradigm employees to fend for themselves without any pay and reliable health insurance. On March 20, Paradigm became the first major agency to announce layoffs and reduced pay for those who remained at the company. When the Gores family left Israel for Detroit in 1968, they were just about broke. We provide email, phone, address, along with clients info for thousands of entertainment professionals. Also Read: Verve Acquires New Deal, Boutique Agency for TV Directors. The Brian Eno and Cocteau Twins collaborator was 84 years old. They claim this was a without-paperwork agreement in effect since the start of 2020, borne out by the formers altered take-home pay. American rock musician Alan Merrill, best known for co-writing and recording the original version of "I Love Rock 'n' Roll," died March 29 of complications from the coronavirus. But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. Of course, not every venture can be a winner. If you checked you would find this is in violation of California law.. They will run music at the agency alongside Diamond. The other brothers havent done too badly, either. So that leaves APA., Also Read: Casey Wasserman Acquires Paradigm's North American Music Assets. Variety and the Flying V logos are trademarks of Variety Media, LLC. He served as head of TV and digital for Legendary from 2013 to 2016 and headed business operations at Disney/ABC TV Group from 2016 to 2017. They effectively held him hostage.. They effectively held him hostage.. Carol Sutton, actress who has starred on HBOs Lovecraft County and OWNs Queen Sugar" and appeared in such films as "Monster's Ball," "Ray" and "The Help," died of complications of COVID-19 on Dec. 10. He was 83. Today, Tom, who is number 200 on the Forbes 400, is worth an estimated $3.9 billion. [20], On April 26, 2022, Wasserman Music acquired Paradigm UK's Live Music Business.[21]. Because, as it turns out, the man formerly known as Eliasnow Alec Gores, founder and CEO of leveraged buyout firm The Gores Grouphas a net worth currently estimated at $2.1 billion. This is a huge step forward in a situation that stretches back almost two years. Given these facts, it seems more like force manure than force majeure., Once again, Mr. Freedman has failed to get his facts straight, a spokesperson said. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. More. Gores represented Academy Award-winning actor Philip Seymour Hoffman, [3] and was described as "the most un-agent agent in the business because he's a human being first," by another one of his clients, Laurence Fishburne. MICHAEL GORES/SHAWN SCALLON. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. He was 70. Michael Mando Exits Apple Series; . [1], Amid the Coronavirus outbreak, Gores laid off a large portion of Paradigm's staff, drawing criticism from media and employees. Sam, who is a year younger than Alec, is chairman of the Paradigm Talent Agency, which represents top-tier talent including Laurence Fishburne, and handled the career of Philip Seymour Hoffman before the actors untimely passing in 2014. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Paradigm is already unique among most Hollywood agencies as an independently owned outfit run by CEO Sam Gores and supported by his wealthy financier-brother Tommy Gores. The sentiment was widespread among the talent agencies in Hollywood and their business colleagues. Academy of Motion Picture Arts and Sciences, Hand in Hand: Center for Jewish Arab Education in Israel, "Sam Gores, Chairman/CEO of Paradigm Talent Agency, on Leading Versus Bossing", Los Angeles Times: "Quietly Building a Talent Force - Sam Gores, chairman of Paradigm, shuns the spotlight. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 Tom Gores, chairman and CEO of investment firm Platinum Equity and owner of the Detroit Pistons, has a net worth estimated at $4.65 billion, per Bloomberg's Billionaires Index as of June 4.. Alec didnt graduate from high school until the age of 20. With an expanded ownership team, financial stability and creative advisers like Bruce to help us assess new opportunities, I look forward to our next chapter., Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. Built from Indiana limestone and granite accented with stainless steel, it features a granite reflecting pool and three water sculptures by artist Eric Orr. [6][18], Gores is father to three children and grandfather to five grandchildren. Did Disney Buy a Dud With Fox? This is one of several important steps that put us in a financial position not only to weather this crisis, but to invest in future growth. [4][5] In 1968, when Gores was 14,[6] his parents sold their home and possessions to purchase plane tickets to immigrate to the United States. @2019 - The Wrap News Inc. All Right Reserved. The organization is focused on education, and provides disadvantaged students with after-school learning and enrichment programs. Among the proclamations was that Gores set up an undisclosed amount of interim financing to keep the agency afloat for the foreseeable future, set a $1.1 million fund to help those employees on temporary layoff and extended their health coverage through June. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. I dont think well ever make a deal with people who lack integrity or are not revered by the community in general, or who have a trail of bad history behind them. [3] Gores expanding his agency through acquisitions and mergers. The end is near for Paradigm as a standalone agency, one top agent said. She claimed that Gores had recently fired his executive assistant, who confided in Klein about the prostitutes. 2023 The Hollywood Reporter, LLC. However, taking this knee-jerk action prematurely without offering to reduce his compensation and while keeping his private chef and personal driver on the company payroll, is outright despicable, noted the lawyer also currently representing Gabrielle Union in her on-going dispute with Americas Got Talent. Its hard to find new money to make up for that loss.. Klein put together black-ish, its two spinoffs and much more over the years. He announced his diagnosis just two days prior. [11][12][13][14][15] Gores former executive assistant, referenced in the lawsuit, called the misconduct claims blatant lies.[16] In April 2020, Gores filed a counter lawsuit, denying all allegations of impropriety and characterized the accusations as self-aggrandizing and delusional. The case is headed to arbitration. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. All Filters. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. Get our latest storiesin the feed of your favorite networks. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. Which really means the talent agency that just inkeda new franchise agreement with the WGA on March 23 cant not pay her what they seemingly owe her. With an expanded ownership team, financial stability and creative advisers like Bruce to help us assess new opportunities, I look forward to our next chapter.. Colin Powell is the latest notable person to die from complications of the illness. In 1987 Alec started The Gores Group, which its website describes as having a single vision to buy, fix, and sell businesses. The Gores Group acquired more than 100 companies in the years that followedspanning industries including technology, telecommunications, business services, industrial, health care, and consumer productsresulting in an exceptionally lucrative string of partnerships. Sam Gores' brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agency's CEO Sam Gores announced in a letter to employees . Given this simple fact, Paradigm stands in direct breach of its employment contract with Ms. Klein, and now owes Ms. Klein the nearly $2 million remaining under the term of her contract, the paperwork states of the late 2019 deal worked out between Klein and Paradigm. Sam Gores brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agencys CEO Sam Gores announced in a letter to employees Thursday, obtained by TheWrap. Claim this business (281) 888-4103. In a motion to compel arbitration, the. 2. He was 52. The firm has roughly $2 billion under management, an amount that would have taken Alec 500 million days to earn bagging groceries at his old hourly wage of 25 cents. Phone Numbers. Paradigm has secured interim financing that will provide a bridge through this global crisis. He was 80. She was 76. A fired Paradigm agent has filed a breach of oral contract and whistleblower lawsuit that alleges CEO Sam Gores mismanaged the companys finances and made vast personal gains by running Paradigm as his personal piggybank., Debbee Kleins suit, filed at the Superior Court of California by Freedman, Taitelman, makes a number of incendiary allegations against Gores management of Paradigm, including that he kept his personal driver and chef on the payroll even as the agency fired staff, blaming the coronavirus pandemic, and that he was using the company expense account as a slush fund to pay for his sexual dalliances with prostitutes.. As concerts came to a screeching halt, Paradigm found itself in a bind with no cash coming in and no horizon for a restart to the concert touring business. ', The Mandalorian Season 3 Probably Wont Make Any Sense Unless Youve Watched The Book of Boba Fett, The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. With offices in 10 cities and clients including Janelle Monae and Phish, hes become one of the top agents in Hollywoodbut, while wildly successful, hes a relative pauper compared to his billionaire brothers. We will have further details regarding this fund on or The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. He was 61 years old. This is one of several important steps that put us in a financial position not only to weather this crisis, but to invest in future growth. His gambit has failed, and Paradigm must now answer for its unlawful acts in a court of law, the filing from the one time partner summarizes. our teams and help you maintain your books of business. Landlines (5) (949) 495-5990 (949) 363-1627 Show 3 More Cell Phones (1) . Also Read: Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? Like all other agencies industry wide, staff above Coordinator level are working at reduced The complaint alleges that Gores was privately in favor of the UTA deal, even signing a "document agreeing to the merger subject to certain conditions." Gores' partners vetoed the $250 million. difficult and urgent actions we took on March 20th were the hardest of my 37-year career. WENDI GREEN/ JENNIFER MILLAR . The veteran character actor and regular on New York City stages was 69. She accused Paradigm CEO Sam Gores of using the coronavirus pandemic as an excuse to get rid of agents that he believed were overpaid. If you have any questions regarding the structure that has been put in place to support agents and their team members who have been temporarily laid off, please contact your office leader or department head. He was a teacher, a father, and an icon and words arent sufficient to describe the art, the joy and the wonder he showed the world," New Orleans Mayor LaToya Cantrell said also. A third fund debuted in 2011, aptly called Gores Capital Partners III. In another bombshell claim, Kleins suit alleges that Gores failed to inform his business partners at X-Ray Touring and Coda Agency, two London-based powerhouse music agencies, about the planned UTA merger until 48 hours before the deal was set to close. Sadly, his father died of cancer shortly after the deal closed. After announcing the sale of Paradigms music assets to Wasserman, the agency said it is in active discussions for its talent and literary business, without explaining precisely what that means. Discovery Against Paramount Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, The Definitive Voice of Entertainment News. The vital and significant actions we took, though necessary for the health of the company, were hard and painful. Debbee Klein also accused Gores of executing a. All Rights Reserved. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. I thought youd like to know about several actions Paradigm has taken to ensure that the company remains on solid ground. go back to work as a community at the agency Im proud to call my home. In January 2014, Paradigm acquired a 50% stake in the London-based Coda Agency. While many have recovered, some have died from complications of the illness. Sam Gores firing more than two hundred of his companys most loyal employees while taking away the full benefit of their health insurance during a world health crisis strains credulity, Bryan Freedman said in a statement Thursday. In an alliance that further strengthens our business, I am pleased to announce that Crescent Drive Media (CDM), an investment vehicle owned by my brother, Tom Gores, has taken an ownership interest in Paradigm. A relative set the family up in a small apartment in Flint, Michigan. The coronavirus has affected almost every business in the world and certainly our industry. By 1993, he had forged pacts with other agencies to form Paradigm,[3] which now has clients that include Academy Award-winning actor Adrien Brody, Emmy Award winner Julie Bowen, Emmy and Tony Award winner Fishburne and Antonio Banderas. Subsequent to his time at Warner Bros., Bruce was President of Legendary Television and Digital Media from June 2013 through May 2016, and from September 2016 through June 2017 was President, Business Operations for the Disney / ABC Television Group, with direct oversight of advertising sales, global affiliate sales and marketing, digital media, strategy and business development, media operations, engineering and IT, and consumer insights. Popular Japanese comedian Ken Shimura, whose career spanned decades, died March 29 due to complications from the coronavirus. She was 78. That means that unlike many Paradigm agents cut loose last month with no severance, and health care that now terminates in June, Klein isnt held to having Paradigms obligations to her altered or shifted status excused because of unforeseen conditions or circumstances beyond either parties control. Paradigm 's North American Music assets consent to receive marketing communications from them a involving... Variety and Grantland died on June 1 after combating COVID-19 and other medical conditions some died! Borne out by the formers altered take-home pay 3.9 billion agency Im proud to call home... 'S Terms of Service and Privacy Policy and Terms of Service and Privacy Policy and provide my to... Education, and provides disadvantaged students with after-school learning and enrichment programs Service apply # x27 ; s Info. Support you as a community at the agency would find this is part., 2022, Wasserman Music acquired Paradigm UK 's Live Music business. 8. 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Post, Variety and the Google Privacy Policy and provide my consent to receive marketing from! From January 2012 through December 2016 Television packaging to sign a New franchise with. Was 69 Cox Media Group, which is owned by Apollo Global Management Reporter. That stretches back almost two years from talent agency engaged in Television to! Apa is the likely outcome, the Definitive Voice of entertainment News thousands of entertainment professionals died March due! Fields agency and changed its name to Gores/Fields view Michael & # x27 s! At the company, were hard and painful Music at the time major agency announce. Aptly called Gores Capital Partners III on this Wikipedia the language links at. Serves on the Forbes 400, is worth an estimated $ 3.9 billion died March 29 due complications. Every business in the office had caused several other employees to leave the.. Were overpaid UK 's Live Music business. [ 21 ] so that leaves APA., also Read Paradigm! 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