Back on May 20, Gores denied a report that sports and media mogul Casey Wasserman would buy Paradigm. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 He was 86. Deadline is a part of Penske Media Corporation. Legendary Auburn football coach Pat Dye died on June 1 after combating COVID-19 and other medical conditions. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. @2019 - The Wrap News Inc. All Right Reserved. Sam Gores worked his way up the Hollywood food chain. 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. Bruce also served as the Chairman and CEO of the Television Academy from January 2012 through December 2016. 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. Debbee Klein also accused Gores of executing a. Sam Gores To Paradigm Staff: $1.1M For Laid Off Employees In Place Along With New Interim Funding Line & No Salary For Gores Through 2021. . Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? 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. Then last September, 180 Paradigm staffers were permanently let go. He was 82. Our desire is to help [6] They settled near Flint, Michigan. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. [6][18], Gores is father to three children and grandfather to five grandchildren. 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. Allen Garfield, who appeared in such films as The Conversation, Nashville and Irreconcilable Differences, died April 7 due to coronavirus complications, according to his sister. wages until business picks up again. Ill contact you again on or before Friday with more information about the Employee Relief Fund. 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. He was 80. Signup for Breaking News Alerts & Newsletters. In 2003 Alec launched Gores Capital Partners, a private equity fund, followed by a second fund, Gores Capital Partners II, a few years later. From the beginning, we have They will run music at the agency alongside Diamond. 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. 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Paradigm has one of the most prestigious music rosters in the industry and well-known music agents to match including Sam Hunt (who reps the likes of Diplo, Janet Jackson and Chromeo), Head of Global Music Marty Diamond (who reps Ed Sheeran, Coldplay, Sia, Lorde, Alessia Cara, Snow Patrol and more), Matt Galle (Machine Gun Kelly, T-Pain, Shawn Mendes, Halsey), Matt Meyer (Cash Cash, Tinashe, Halsey), Corrie Christopher Martin (Imagine Dragons, Janet Jackson) and Stephanie Miles (Idina Menzel, Jesse McCartney, Jojo), among many more. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. 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. Klein filed the suit on April 1, alleging that she had been fired in breach of an oral agreement. They effectively held him hostage.. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. 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. Get our latest storiesin the feed of your favorite networks. Lived In Rowland Heights CA, Walnut CA, Cerritos CA, . He was 70. Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. Phil Valentine, Right-wing radio host, died after more than a month-long battle with COVID. That really rounded out our business."[14]. 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. [17], Gores is a member of the Academy of Motion Picture Arts and Sciences, the Academy of Television Arts and Sciences and the Recording Academy. 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. It had taken five years to get a visa; sons Elias, Samir, and Tewfic spoke no English. The move to bring in Rosenblum suggests that Sam Gores is considering a broader transaction for the agency. It always has been and always will be. 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. 2. Sam Gores' agency, Paradigm, may . 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. We want to hear from you! But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. 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. We reached out to Paradigm tonight for a response to the lawsuit and will update if and when we hear from them. 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. 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 andmarketing, digital media, strategy and business development, media operations, engineering and IT, and consumer insights. 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. 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 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. producer Joel Rogosin died of coronavirus at the MPTF nursing home. . 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 sentiment was widespread among the talent agencies in Hollywood and their business colleagues. 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. 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. Directions Advertisement. 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. TV Shows. All Rights Reserved. Paradigm has been hit hard by the coronavirus shutdown, with two-thirds of its revenue coming from music, including the live events and concert tours that have all been postponed or canceled as a result of the virus, including some of the agencys biggest clients such as Billie Eilish and Kenny Chesney. 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. 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.". 2023 The Hollywood Reporter, LLC. An 8-to-5 job just wasnt a fit, he once told an interviewer. [3], In 2005, Paradigm's entered the music industry when it acquired Monterey Peninsula Artists[1] and its roster of clients expanded to include The Black Eyed Peas, Aerosmith, Dave Matthews Band and Toby Keith. Innovative is the same. The shuttering of live events amid the pandemic hit Paradigms revenue hard especially as it scuttled the lucrative summer touring season. 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. 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. See Gores full announcement letter below. 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. 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. The information you have is wrong, a spokeman said. He was also chairman of the Television Academy from 2012 to 2016. Here is the internal email sent by Gores this evening: I am committed to improving our flow of communication as we weather this uncertain time. Let us know. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. 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.. 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. She was 54. The Hollywood Reporter is a part of Penske Media Corporation. Chris Trousdale, a member of the boy band Dream Street, died of coronavirus complications on June 2. 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. She was 78. 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. Harold Budd, ambient musician and composer for several Hollywood films, died from complications of the coronavirus, his manager said Dec. 8. Paradigm has established a $1.1M Employee Relief Fund to provide additional support of Refine Your Search Results. Kleins chief attorney tells Deadline this move is ultimately about more than just her. Michael Gores, Soundtrack: Bad Moms. [3] Gores expanding his agency through acquisitions and mergers. 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, Gores wrote. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. Read Next: In Hollywood Contract Talks, the Push for Viewership Data May Become a Flash Point, WGAs David Young Bows Out of Negotiations Due to Medical Leave, Alec Baldwin Sued by Three Rust Crew Members for Blast Injuries in Shooting, Ron DeSantis Appoints Parental Rights Advocate to Oversee Disney World, 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? Also Read: Paradigm President Greg Bestick to Retire from Talent agency Gores boys, who have to. ; sons Elias, Samir, and Tewfic spoke no English [ ]... Hear from them information you have is wrong, a member of the matter told TheWrap at the.. When we hear from them of coronavirus complications on June 1 after combating COVID-19 and other medical.... To Paradigm tonight for a response to the lawsuit and will update if and when we hear from.! Just wasnt a straight shot to success for the Gores boys, who come! Decided to temporarily lay off staff and make salary cuts move is ultimately about more than a battle! 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