In that context, I am also pleased to announce that the ownership of Paradigm, which includes Tom and me, has retained Bruce Rosenblum as an adviser on growth and investment opportunities. Want to contact Michael Gores? The moves come as Paradigm is grappling with a cash flow crunch exacerbated by the coronavirus crisis. 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. 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. 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. 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.. 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 $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. [18], On 13 June 2018, Tiffany Young signed to the agency, almost a year after she left SM Entertainment in South Korea. 2. Chef Floyd Cardoz, winner of "Top Chef Masters" Season 3, died at the age of 59 of coronavirus complications on March 25. They were promptly given new American names by their aunt, who picked them up at the airport: Alec, Sam, and Tom. Directions Advertisement. 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. Also Read: Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. More. 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. Umberto has been profiled in such publications as The Washington Post, Variety and Grantland. When Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. The correspondence to rivals was specifically about agents that were not laid off and therefore had enforceable contracts. 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. Rosenblum spent 26 years with Warner Bros. TV, rising to head of the division before leaving in 2013. The Extra-Terrestrial" and "The Color Purple". Send us a tip using our annonymous form. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. 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. Movies. Landlines (5) (949) 495-5990 (949) 363-1627 Show 3 More Cell Phones (1) . He studied acting at the American Academy of Dramatic Arts in New York City, and in 1977 he took a job at The Gage Group, a talent agency headed by well-known industry player Martin Gage. The biggest player is Creative Artists Agency (CAA), which was founded in 1975 by Michael Ovitz and four others. Read original story Paradigm CEO Sam Gores Brother Tom Gores Takes Ownership Stake in Agency At TheWrap, Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut, Paradigm President Greg Bestick to Retire From Talent Agency, Paradigm CEO Sam Gores Brother Tom Gores Takes Ownership Stake in Agency, Barney's makeover has dinosaur experts scratching their heads: 'I don't even know where to start with it', Jena Malone was sexually assaulted by someone she worked with on 'Hunger Games': 'I've worked very hard to heal', Dave Grohl's good deed: Rocker barbecues for hundreds at L.A. homeless shelter, 'There were no filmmakers of color': How Robert Townsend changed the game with self-financed 1987 comedy 'Hollywood Shuffle', Emma Willis 'grateful' to work with dementia specialist after Bruce Willis's FTD diagnosis. Paradigm has clung to its . 2023 The Hollywood Reporter, LLC. Alvin Ing, star of Broadway's "Flower Drum Song" and "Pacific Overture" died July 31, 2021 after battling COVID-19 for two weeks. Sonny Chiba, a martial arts master and a Japanese actor who played legendary sword maker Hattori Hanzo in Kill Bill, has died from pneumonia caused by COVID-19. See Gores full announcement letter below. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. The Wrap exclusively reported last June that the mogul had begun negotiations to acquire the assets. She was 89. Tonight, Gores sent an internal email that sought to reassure remaining staff about what the future held for the agency. All Rights Reserved. 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. friends, and families as we confront one of the most urgent health and economic challenges of 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. 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. John Prine, one of the most influential and revered folk and country songwriters of the last 50 years, died on April 6 at the age of 73 after being infected with the COVID-19 virus. Tom, the youngest brother, started his career working for Alec at The Gores Group. Read Next: Variety Promotes Michelle Fine-Smith to Senior VP of Global Consumer Partnerships, In Hollywood Contract Talks, the Push for Viewership Data May Become a Flash Point, Endeavor CEO Ari Emanuel Says Company Is 'Well Positioned' If There Is a Writers Strike, Money Rehab Podcaster Nicole Lapin Launches Money News Network, grappling with a cash flow crunch exacerbated by the coronavirus, Woody Harrelson Slams COVID Set Protocols as 'Nonsense,' Urges Hollywood to 'Stop' Forcing 'Vaccination': Thats 'Not a Free Country', Ant-Man and the Wasp: Quantumania Writer Surprised by Terrible Reviews: I Was in a Low Spot and Really Sad About It, Super Mario Bros. Movie Is Releasing Two Days Early, 'Perfect Match' Star Joey Sasso on Running Around Panama to Find an Engagement Ring, How Much It Cost and What Viewers Didnt See, Michael B. Jordan Meets Reporter at 'Creed III' Premiere Who 'Teased Him all the Time' in High School: 'I Was the Corny Kid, Right? (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. He worked with such legends as Thelonius Monk, Charles Mingus and Sonny Rollins. Our intention is to support you as a member of the Paradigm family. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. 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.. In 1995 he decided to go it alone, starting Platinum Equity. Tom Seaver, Hall of Fame baseball pitcher, died on Aug. 31 in his sleep of complications of Lewy body dementia and COVID-19. 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. Paradigm has secured interim financing that will provide a bridge through this global crisis. You have to try to bring costs down more in line with revenues, another agency insider explained. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group . Sam Gores (born 1954) is the chairman of Paradigm Talent Agency in Beverly Hills, California[1] and has been ranked among the top agents in Hollywood. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The move to bring in Rosenblum suggests that Sam Gores is considering a broader transaction for the agency. Innovative is the same. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. In January 2014, Paradigm acquired a 50% stake in the London-based Coda Agency. 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. All Rights Reserved. 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. Eight years later, he sold the company, which employed more than 200 people, for $2 million. "Despite Mr. Gores recently praising Ms. Klein as the 'best agent' at Paradigm, he rewarded her loyalty and consistent high-performance by terminating her employment via a phone call lasting. They effectively held him hostage.. If its a good cultural fit, or if you think you can help them grow by having them be part of a bigger infrastructure and more access in areas of branding, film and television, then how does that complement the rest of our business in that area? 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. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. Paradigms great strength is its enormously talented staff. continue to monitor the situation closely. Maria Mercader, a CBS News veteran who worked for over 30 years as a reporter and talent director, died March 29 after testing positive for coronavirus. "Ellis Marsalis was a legend. To make matters worse, the shutdown of the concert business happened at the agencys low cash point, when it operated on loans that floated the company until the flush months of the summer and the festival and outdoor concert season. Resides in Brea, CA. No directors left. View Michael's Contact Info. 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. Then last September, 180 Paradigm staffers were permanently let go. In addition, she accused Gores of lying about the reasons for the failure of a merger with UTA. ', 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'. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. 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. Terrence McNally, a four-time Tony Award-winning playwright, died on March 24 at the age of 81 of complications from the coronavirus. Strategically, the alliance planted a flag for Paradigm in London and, by extension, Europe and other international markets. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. go back to work as a community at the agency Im proud to call my home. 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. months of film and television productions, concerts, tours, and festivals were cancelled or postponed overnight, every aspect of our business was dramatically impacted. 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. While Paradigm wouldnt comment on the internal email Deadline got hold of, a spokesman for Paradigm denied that any laid off agent would be held in place. 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. 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. Even though she had been on Paradigms top tier for years, Klein says in the lawsuit that she only found out about the sex on the expense accounts scheme in early 2020, from a pink slipped executive assistant of the boss. Agents had thought 2020 would line up to be one of Paradigms best years for music-related bookings, with clients like Eilish and Kenny Chesney prepping major tours. When the Gores family left Israel for Detroit in 1968, they were just about broke. Sam Gores, Chairman and CEO, opened his first agency, SGA Representation, Inc. in 1986. Get our latest storiesin the feed of your favorite networks. 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. 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. I like to move fast, and I like to work hard. The coronavirus has affected almost every business in the world and certainly our industry. Variety and the Flying V logos are trademarks of Variety Media, LLC. All Filters. He was 80. 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. 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. All Rights Reserved. My father was willing to give up literally everything he had and pack his bags and bring us here, Alec told a reporter in 2016. provide extended benefits, comfort, and assistance as we prepare for this pandemic to end and Gores confirmed the investment from Crescent Drive, which is owned by investor Tom Gores, who already has a stake in the agency. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. 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. He was 70. Sam Gores' agency, Paradigm, may . Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and A merger between whats left of Paradigm and APA is the likely outcome, the top agent said. Sam has donated to Childrens Hospital Los Angeles. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. In September, a half-dozen departed Paradigm agents started their own company, called TBA, taking over prominent touring acts including The War on Drugs, Chvrches and Courtney Barnett. We will have further details regarding this fund on or Patricia Bosworth, a stage and screen actress turned journalist who penned celebrity biographies, died April 2 from complications of the coronavirus. 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]. He then went to Western Michigan University and became the first person in his family to finish college. 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. 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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. Today, Tom, who is number 200 on the Forbes 400, is worth an estimated $3.9 billion. LOGIN, SPACs Have Already Topped 2020s Record Year, With $89 Billion Raised, Billie Eilish, Janelle Manae and Chris Martin of Coldplay (Photos: Getty Images), A merger between whats left of Paradigm and APA is the likely outcome, one top agent tells TheWrap. In 2018 the agency moved to the 82,000-square-foot Wilshire LaPeer building on Wilshire Blvd, where ICM was once headquartered. On this Wikipedia the language links are at the top of the page across from the article title. Send us a tip using our annonymous form. Debbee Klein also accused Gores of executing a. During the years 1992 and 1993 Gores forged pacts with STE Representations; Robinson, Weintraub, Gross & Associates, and Shorr, Stille & Associates to create Paradigm Talent Agency. Although her cause of death was not immediately known, a friend told the Associated Press that she had been diagnosed with COVID-19. 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 frequently collaborated with Steven Spielberg, and worked on such films as "E.T. 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 end is near for Paradigm as a standalone agency, one top agent said. Oslin, died Dec. 21. 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. Of course, Paradigm was not the only agency impacted by the pandemic. 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. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. [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. PREVIOUSLY, 12:23 AMLess than two weeks after Sam Gores dropped the hammer on scores of agents at Paradigm in what were termed temporary layoffs allegedly due to the asphyxiating effect of the coronavirus crisis on the industry, Debbee Klein has hit back with a devastating breach of oral contract lawsuit for this reprehensible behavior.. The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. The exterior courtyard of the building. 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Debbee Klein has taken this action not just for her own benefit, but on behalf of all those Paradigm employees in order to ensure that some measure of justice is done and Gores is made to pay for his iniquitous deeds, Freedman concludes with little to no ambiguity in an already pretty stark and haunted COVID-19 landscape. "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. 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The Google Privacy Policy and Terms of Service apply not immediately known, a four-time Award-winning. Although her cause of death was not the only agency impacted by the pandemic Hollywood... Leaving in 2013 Location 60s Brea, CA Monitor another agency insider explained Fee Victory youngest brother, started career... The archetypal American dream American dream complications from the coronavirus crisis across from the coronavirus crisis Board of Media...