[1] It later acquired New York-based Little Big Man, adding Coldplay and The Fray. In response, Kleins attorney, Bryan J. Freedman, said Thursday that he has witnesses whom he cannot identify, some of whom still work at the company, and added that Paradigm has no credibility. Alec didnt graduate from high school until the age of 20. Paradigm's clients have included author Stephen King, actors Sydney Sweeney, Antonio Banderas and Brian Cox, directors James Wan and Malcolm D. Lee, and musicians Coldplay, Tiffany Young, Billie Eilish, Halsey, and Ed Sheeran, as of 2018.[1]. Currently, hes on the board of Cox Media Group and was also the chairman and CEO of the Television Academy between 2012 and 2016. Michael Gores, Soundtrack: Bad Moms. This is a huge step forward in a situation that stretches back almost two years. THR has reached out to Paradigm for comment on the lawsuit. Sadly, his father died of cancer shortly after the deal closed. In the approximately 18 years I worked with Sam at Paradigm, he never once asked me to procure a prostitute for him or anyone else, the former assistant said in the declaration. The sentiment was widespread among the talent agencies in Hollywood and their business colleagues. 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. 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. Michael Gores is a agent, and works at Paradigm Talent Agency. . In 2003 Alec launched Gores Capital Partners, a private equity fund, followed by a second fund, Gores Capital Partners II, a few years later. Of course, Paradigm was not the only agency impacted by the pandemic. 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. 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. Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and All Rights Reserved. Innovative is the same. Thus far, Gores Fredston has raised over $17 million to support initiatives for at-risk kids, and its a reasonable assumption that this figure will only grow over time. Of course, not every venture can be a winner. 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. He was 61 years old. 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. After school, he worked without salary as an agent at The Gage Group, Inc., founded by Martin Gage, for almost two years while selling shoes on the side to support himself. Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? The collapse of Paradigm after a brutal pandemic year means that the agency is unlikely to survive on its own once it completes the sale of its music assets to sports and media mogul Casey Wasserman announced earlier this week, industry insiders told TheWrap. A merger between whats left of Paradigm and APA is the likely outcome, the top agent said. From the beginning, we have 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. He was 79. Variety and the Flying V logos are trademarks of Variety Media, LLC. You have to try to bring costs down more in line with revenues, another agency insider explained. 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 . The organization is focused on education, and provides disadvantaged students with after-school learning and enrichment programs. Michael Mando Exits Apple Series; . Valour! 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. Let us know. The combination of Paradigm Talent Agency's Music Division, AM Only, and Coda Music Agency made Paradigm one of the top music agencies in the world, with clients including Coldplay, Dave Matthews Band, Ed Sheeran, Fun., Bon Iver, Janelle Mone, Jason Mraz, The Lumineers and Phish, among others. She also leveled a series of allegations at Gores, claiming that he used company funds to pay for prostitutes for himself and others. 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. No directors left. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group . Thats been even more true for Paradigm because it relied so heavily on clients who generate most of their revenues from live performances that show no sign of returning soon. [9][10] One employee filed a lawsuit, alleging serious misconduct from Gores including payoffs, prostitution and criminal misconduct. Grammy-winning country singer K.T. 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.. Because, as it turns out, the man formerly known as Eliasnow Alec Gores, founder and CEO of leveraged buyout firm The Gores Group has a net worth currently. our teams and help you maintain your books of business. A fired talent agent has filed a lawsuit accusing Sam Gores, the CEO of Paradigm Talent Agency, of using corporate funds to pay for prostitutes. The Wrap exclusively reported last June that the mogul had begun negotiations to acquire the assets. ', 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'. The information you have is wrong, a spokeman said. Bruce is an experienced and capable industry veteran. 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. 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. Paradigm is not spending millions of dollars to clean up Sams reputation, which has only been tarnished by the falsehoods in Ms. Kleins lawsuit. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the 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. The moves come as Paradigm is grappling with a cash flow crunch exacerbated by the coronavirus crisis. By subscribing, I agree to the Terms of Use and Privacy Policy. Paradigms great strength is its enormously talented staff. of you back as possible. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? Paradigm also retains Warner Bros. vet Bruce Rosenblum as an adviser on growth and investment opportunities. Deadline is a part of Penske Media Corporation. Of specific note here especially under the looming and tragic shadow of the COVID-19 crisis Debbee Klein does not appear to have a force majeure clause in her most recent employment contract with Paradigm. She accused Paradigm CEO Sam Gores of using the coronavirus pandemic as an excuse to get rid of agents that he believed were overpaid. She was 74. [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. 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. 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. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. [citation needed]. When The veteran character actor and regular on New York City stages was 69. [2], Gores was born in Nazareth, Israel[3] in 1954[3] and raised by his parents alongside his two brothers and three sisters. 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. View Michael Campos results in Brea, CA including current phone number, address, relatives, background check report, and property record with Whitepages. 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. But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. MSNBCs Black Viewership Continues to Soar Thanks to On-Air Representation and Reporting, Paramount CFO Sees Advertising Market Recovering by End of Year, Ant-Man 3 Clocks Worst Weekend Box Office Drop in Marvel Studios History, Why Wall Street Is in Love With Movie Theaters | Analysis, Netflix Takes a Full Swing at Sports and Lands on the Green | Charts, How the HBO Max-Discovery+ Combo Could Challenge Netflix and Hulu | Charts, Greys Anatomys Farewell to Ellen Pompeo Ratings on Par With Winter Finale, How Vice, Vox and BuzzFeed Blew the Future of Media, The Streaming Services That Are Priced Right and the Ones That Miss the Mark | Chart. The $71 Billion Deal Is Weighing Bob Iger Down, CNN This Morning Is the Networks Lowest-Rated Morning Show in a Decade, 80 for Brady Marks a New Wave of Experiments With Movie Ticket Prices. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. Employees that were either suspended without pay, suffered salary reductions or were terminated should be asking why the millions of dollars are being spent on the after the fact fund, the ParaTimes newsletter and motions in litigation to keep the case private instead of on their own contractural rights to payments and health insurance during this pandemic. Harold Budd, ambient musician and composer for several Hollywood films, died from complications of the coronavirus, his manager said Dec. 8. continue to monitor the situation closely. 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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. and "Frankie and Johnny in the Clair de Lune," which later became a film with Michelle Pfeiffer and Al Pacino. "Ellis Marsalis was a legend. Financial details were not disclosed. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. All Rights Reserved. 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. She was 78. Sam Gores worked his way up the Hollywood food chain. [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. And Paradigm is being almost as blunt as Klein, almost. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 Debbee Klein also accused Gores of executing a. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. The Extra-Terrestrial" and "The Color Purple". 2023 Deadline Hollywood, LLC. All Rights Reserved. That reporter was from Forbes. Sam Gores' agency, Paradigm, may . Sam has donated to Childrens Hospital Los Angeles. His company has been acquiring agencies, many of them in the music industry" by Claire Hoffman, Forbes: The World's Billionaires - Tom Gores, Palestinian Surprise: "TALENT AND LITERARY AGENT SAM GORES", "Board of Trustees | The American Academy of Dramatic Arts", "Coronavirus unemployment: Paradigm staff say they were misled - Los Angeles Times", "Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut", "Paradigm Agent's Lawsuit May Be First of Many Coronavirus Breach of Contract Claims", "Paradigm Hit With Blistering $2M Breach Of Contract Suit By Debbee Klein; Sam Gores' Agency Says "False, Frivolous & Scurrilous" Update", "Company funds used for prostitutes, alleges ex-partner at Paradigm Talent Agency", "Former agent's allegations of company funds paying for prostitutes 'pure fabrication,' talent agency says", "Paradigm's Sam Gores Accused of Using Corporate Funds for Prostitutes", "Debbee Klein and Paradigm Agree to Settle Dispute in Arbitration", "Paradigm Responds To Debbee Klein's Suit: Sam Gores' Ex-Asst Calls Prostitutes Claims "Blatant Lies"; Agency Seeks Arbitration For Case", Americada: "Gores, King and White Join Academys Board", https://en.wikipedia.org/w/index.php?title=Sam_Gores&oldid=1128888634, Articles with unsourced statements from March 2018, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 December 2022, at 13:58. Roy Horn, best known as half of the legendary Siegfried & Roy magic and animal act in Las Vegas, died on May 8 from complications due to coronavirus. 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. In an email to employees Thursday night, Paradigm Talent Agency chairman Sam Gores flatly denied a Los Angeles Times report that the company might be purchased by Creative Artists Agency. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. ', 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'. The vital and significant actions we took, though necessary for the health of the company, were hard and painful. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. 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