The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. 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. I am deeply sorry about the financial impact this crisis has had on so many of our colleagues, This occurred less than an hour after he sent Ms. Klein a text message stating, dont know whats going to happen, but wanted to say hi and love you,' the packed compliant from lawyers Bryan Freedman and Sean Hardy notes of the March 20 axing, building a rather forceful narrative. He spent 26 years at Warner Bros., including 14 years as President of Warner Bros. Television Group where he oversaw the entire Warner Bros. portfolio of television businesses, including worldwide production, traditional and digital distribution globally, and broadcasting. She was 76. The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. Order Online. We provide email, phone, address, along with clients info for thousands of entertainment professionals. The Wrap exclusively reported last June that the mogul had begun negotiations to acquire the assets. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. 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 UTA deal, and the complaint says he lied to the public and Paradigms line agents, claiming he made the decision to call off the merger., Klein, a 23-year Paradigm veteran, also alleges that she had to repeatedly endure Gores repugnant and outdated sexism and demeaning treatment of women, including listening to his disgusting and lascivious comments about his sex life. The complaint also says Klein was passed over for promotion of less qualified male agents at her expense., The lawsuit said Klein had a binding oral employment contract under which she could only be terminated for good cause, meaning her job loss was in direct breach of the employment contract. Like all other agencies industry wide, staff above Coordinator level are working at reduced It said the agency owes Klein nearly $2 million remaining under the terms of her contract and that Gores gambit was to fire her and avoid scrutiny by terminating Ms. Klein in the midst of the present pandemic.. The deal is expected to close in Q2 2021, and the new companys name and configuration will be shared by Wasserman. 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. 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. Linda Torres, known as Angela Raiola's friend on VH1's reality series "Big Ang" and "Mob Wives," died of COVID-19 on April 1, 2021, following breast cancer surgery. 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. Wasserman is understood to be discussing a form of a partnership with the Gores brothers that would allow him to manage Paradigms music talent management and tour booking operations, which are considerable. Paradigm has won the Pollstar Award for Booking Agency of the Year four times, in 2016,[2] 2018,[3] 2019[4] and 2020. Alec struck out on his own in 1978,getting an $8,000 loan from his dad and setting up a computer hardware and software distribution business in his basement. [1], Amid the Coronavirus outbreak, Gores laid off a large portion of Paradigm's staff, drawing criticism from media and employees. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. While all agencies have struggled during the pandemic, Paradigm has taken a greater hit due to its outsize reliance on the music business, which made up two-thirds of its revenue and featured top talents including Coldplay, Ed Sheeran, Billie Eilish, Janelle Monae and others. By subscribing, I agree to the Terms of Use and Privacy Policy. Tom, the youngest of the three, runs Platinum Equity, a private equity firm in Beverly Hills, and owns the Detroit Pistons basketball team, which he bought in 2011. All Rights Reserved. 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 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. Ill contact you again on or before Friday with more information about the Employee Relief Fund. Gores also disclosed that he will not take a paycheck for the rest of the year and possibly longer, until the music touring revenue-based agency rebounds in the future. Michael Mando Exits Apple Series; . Michael Gores, Soundtrack: Bad Moms. In 1986 he founded his own shop, SGA Representation, and after a series of mergers and acquisitions, the Paradigm Talent Agency was born. Brian Welk. Directions Advertisement. 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. Along with chatter of a class action being launched, now ex-motion picture lit agent Adam Kanter has also retained Freedman + Taitelman, Ive learned with a clear eye to bringing his own action against Gores and Paradigm. He was 83. On this Wikipedia the language links are at the top of the page across from the article title. Mark Blum, who starred in "Desperately Seeking Susan," "Crocodile Dundee" and the Lifetime/Netflix series "You," died on March 26 of coronavirus complications. [citation needed]. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. He also appeared in "Star Wars: Episode VII" as a member of Leia's resistance. Charles Gregory, an Emmy-nominated hairstylist who frequently collaborated with Tyler Perry on his films and TV shows, died of complications from COVID-19 on April 8. An 8-to-5 job just wasnt a fit, he once told an interviewer. 2023 Variety Media, LLC. 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. He was 70. Harold Budd, ambient musician and composer for several Hollywood films, died from complications of the coronavirus, his manager said Dec. 8. The information you have is wrong, a spokeman said. Sam Gores, Chairman and CEO, opened his first agency, SGA Representation, Inc. in 1986. Signup for Breaking News Alerts & Newsletters. A former Paradigm agent said the agency started to hemorrhage clients after the layoffs began. The Extra-Terrestrial" and "The Color Purple". Deadline is a part of Penske Media Corporation. Allen Daviau, a 5-time Oscar-nominated cinematographer, died April 15 at age 77. Since disingenuously declaring a force majeure and terminating/reducing hundreds of employees based on its financial inability to perform on its contracts, suddenly, Paradigm has found millions of dollars to do everything possible to try and clean up Sams reputation, Freedman said. 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. "Paradigm Unveils Soaring New Agency Offices to "Encourage Natural Collaboration", "Pollstar Awards Winners: Tom Petty, Cara Lewis, Gregg Perloff, Bruno Mars", "Ed Sheeran, Beyonc & Jay-Z, Paradigm Agency Win Big at Pollstar Awards", "The Agent Dance: Paradigm Officially In Talks To Buy Writers & Artists", "HOLLYWOOD'S PARADIGM BUYS MUSIC AGENCY MONTEREY", "Sam Gores, Chairman/CEO of Paradigm Talent Agency, on Leading Versus Bossing", "Paradigm Acquires 50% Stake in Coda Music Agency", "X-ray Touring Announces Partnership With Paradigm Talent Agency", "AM Only And The Windish Agency Renamed As Paradigm Talent Agency", "SNSD Tiffany Is Now Signed Under The Same Agency As Ed Sheeran and Jason Mraz", "Marty Diamond Is New Head Of Global Music At Paradigm Talent Agency", "Wasserman Music Acquires Paradigm UK's Live Music Business", https://en.wikipedia.org/w/index.php?title=Paradigm_Talent_Agency&oldid=1130090239, Entertainment companies established in 1992, Companies based in Los Angeles County, California, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 December 2022, at 15:00. [11] Expanding their footprint in the music industry, in 2008, Paradigm acquired Ellis Industries,[12] a leading independent music agency based in New York, and in 2009 acquired Third Coast Artists Agency,[13] the largest independent Christian Music agency, which was headquartered in Nashville. I like to move fast, and I like to work hard. The big agencies already kicked the tires on Paradigm in an effort to acquire the music department; Gersh isnt going to merge with anyone. . "Knight Rider" and "Magnum P.I." His works included "Master Class," "Love! [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. 2023 Deadline Hollywood, LLC. Eddie Large, one-half of the comedy duo Little and Large, died April 2 after contracting coronavirus while hospitalized for heart failure. [18] Gores serves on the Board of Directors for the Geffen Playhouse,[19] is an active participant in Conservation International,[18][20] and is involved in Hand in Hand: Center for Jewish Arab Education in Israel. [7] The acquisition added a dozen agents and also brought a potent TV client list including 24 creator/executive producer Joel Surnow and Two and a Half Men co-creator/exec producer Lee Aronsohn to Paradigm.[8][9]. Michael Gores is a agent, and works at Paradigm Talent Agency. Paradigm Chairman and CEO Sam Gores on what makes a good acquisition or partnership target when looking to expand: "It starts with whos in charge, whos at the base or foundation. He was hospitalized in Atlanta just days after attending a campaign rally for Donald Trump in Tulsa, Oklahoma, where he was seen without a mask. Strategically, the alliance planted a flag for Paradigm in London and, by extension, Europe and other international markets. 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. 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. Chef Floyd Cardoz, winner of "Top Chef Masters" Season 3, died at the age of 59 of coronavirus complications on March 25. The Brian Eno and Cocteau Twins collaborator was 84 years old. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. She alleged that Gores partners had forced him to back out of the deal, but that he had falsely portrayed the decision as his idea. Discovery Content, iHeartMedia CEO Sees A Certain Rationality Returning to the Podcast Deal Space, Writers Guilds David Young Takes Medical Leave of Absence, Ellen Stutzman Steps in as Chief Negotiator, AMC Theatres Quarterly Loss Increases to $287M, Overall Revenues Fall, Live Events Boost Endeavor, as Ari Emanuel Says Firm Is Well-Positioned Even if Writers Strike, Disney Loses Control of Special District to Florida Gov. He was 34. Though Gores himself isnt actually named as a defendant in this initial version of the complaint from the 23-year veteran packaging agent for $2 million and more, the Paradigm chairman is strewn all over the paperwork. 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. The shuttering of live events amid the pandemic hit Paradigms revenue hard especially as it scuttled the lucrative summer touring season. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. Tonight, Gores sent an internal email that sought to reassure remaining staff about what the future held for the agency. SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. In a motion to compel arbitration, the. Get our latest storiesin the feed of your favorite networks. 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. In response, Paradigm produced a sworn declaration from Gores former executive assistant, who remains unnamed, asserting that the prostitution claims are a fabrication. The vital and significant actions we took, though necessary for the health of the company, were hard and painful. 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.. THR has reached out to Paradigm for comment on the lawsuit. In a motion to compel arbitration, the agencys attorneys slammed Klein as a backstabber who allegedly fabricated allegations about prostitution in the lawsuit. Sergio Rossi, the Italian shoe designer, died at age 84 after being hospitalized with the virus, the brand confirmed in an Instagram post Friday. 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. Sam Gores worked his way up the Hollywood food chain. And in March, Gores sparked what insiders described as a fing war zone within the company when he attempted to stem those losses by cutting music agent salaries by 50% and then reinstated them, as TheWrap exclusively reported at the time. The other four are Lee Anderson, Sam Hunt, Jonathan Levine and Jackie Nalpant. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. Among the many other bombshells is an alleged and ultimately unsuccessful strong arming of Klein earlier this year. We want to hear from you! By subscribing, I agree to the Terms of Use and Privacy Policy. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. He then went to Western Michigan University and became the first person in his family to finish college. SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut, Paradigm President Greg Bestick to Retire From Talent Agency, died from complications of the coronavirus. We are disrupting generational poverty, Gores Fredston told the audience at a gala fund-raiser last year. Back on May 20, Gores denied a report that sports and media mogul Casey Wasserman would buy Paradigm. PARADIGM AGENCY. Herman Cain, the former CEO of Godfather's Pizza who sought the Republican nomination for president in 2012, died July 30 from complications of the coronavirus. Because music is a seasonal business with more releases and tours coming in the warmer months of the year, the agency normally borrows money during the winter months and repays the loans with summer tour and release profits. View Michael Campos results in Brea, CA including current phone number, address, relatives, background check report, and property record with Whitepages. The exterior courtyard of the building. The coronavirus has affected almost every business in the world and certainly our industry. difficult and urgent actions we took on March 20th were the hardest of my 37-year career. 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. 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.. continue to monitor the situation closely. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. Claim this business (281) 888-4103. [6] They settled near Flint, Michigan. All Rights Reserved. Paradigm stuck with its talent-focused business strategy, and turned down an acquisition offer from United Talent Agency in 2019, a decision Gores may well regret today. 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