See Gores full announcement letter below. wages until business picks up again. 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. The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. 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 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. 2023 The Hollywood Reporter, LLC. 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. In January 2014, Paradigm acquired a 50% stake in the London-based Coda Agency. Last year, Platinum Equity closed a deal to acquire the Australia and New Zealand operations of Staples Inc., and relaunched the chain as Winc (work incorporated). 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. "Ellis Marsalis was a legend. Sam did send an email to a few of his counterparts at other agencies saying he had heard they were trying to hire his agents and that was not cool. Michael Gores, Soundtrack: Bad Moms. He was 34. 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. 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. He did it for the kids, to make sure we have a better future.. 2. Alec, 15, was the oldest of the three. Brian Welk. Valour! (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. [3] Gores expanding his agency through acquisitions and mergers. 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.. The plan was to have Klein engage in a conspiracy to pay the agency $500,000 from her salary so Gores could show Paradigms bank that its income stream was consistent with his prior representations. Didnt go as planned, the suit makes clear. 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. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. The other brothers havent done too badly, either. The The motion also states, in a footnote, that Paradigm will file an arbitration claim against Klein seeking several million dollars for violations of her non-disparagement and confidentiality agreements. 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. Phone Numbers. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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Unfortunately for Mr. Gores and what remains of his Paradigm agency, he forgot that Paradigm had recently entered into a binding oral employment contract with Ms. Klein, under which she could only be terminated for good cause, the Freedman + Taitleman LLP attorneys charge in the 14-page filing for their well-connected client. A rep for Wasserman declined to comment. I like to move fast, and I like to work hard. considered these layoffs temporary and it bears repeating that our intention is to bring as many 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. In 1993, Gores founded Paradigm, a name he came up with after reading a book on leadership. These are the names of some notable figures from Hollywood and the media that we have lost. Signup for Breaking News Alerts & Newsletters. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. 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. Gores represented Academy Award-winning actor Philip Seymour Hoffman,[3] and was described as the most un-agent agent in the business because hes a human being first, by another one of his clients, Laurence Fishburne. This is a huge step forward in a situation that stretches back almost two years. 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. 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. She also claimed that Gores tried to defraud his lenders by pressuring Klein to loan the company $500,000 of her salary, in an effort to make the balance sheet look better. Send us a tip using our annonymous form. Our desire is to help 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. 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.. 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. All Rights Reserved. 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. [3] Sam immediately went to work bagging groceries in an uncle's supermarket, and worked his way through high school as a butcher. Charley Pride, one of the first Black performers to break through in the country music scene, died of complications from COVID-19 on Dec. 12, just weeks after his final performance at the CMA Awards show back in November. Michael Wang may also have lived outside of Brea, such as Los Angeles, Rowland Heights and 2 other cities in California. Casey Wasserman Acquires Paradigm's North American Music Assets, 180 Paradigm staffers were permanently let go, Verve Acquires New Deal, Boutique Agency for TV Directors. 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. Tom Dempsey, New Orleans Saints legendary kicker who was born without toes on his right foot and wore a flat shoe that he kicked with, died on April 4 from complications of COVID-19. Today, Tom, who is number 200 on the Forbes 400, is worth an estimated $3.9 billion. From the beginning, we have Alvin Ing, star of Broadway's "Flower Drum Song" and "Pacific Overture" died July 31, 2021 after battling COVID-19 for two weeks. Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. In a motion to compel arbitration, the. That reporter was from Forbes. During the Flint water crisis, Tom pledged $10 million for relief efforts. [3] His older brother, Alec Gores, and his younger brother, Tom Gores, both founders of private equity firms, have been included on the Forbes list as among the wealthiest people in the world. The moves come as Paradigm is grappling with a cash flow crunch exacerbated by the coronavirus crisis. In 2012, Paradigm expanded into the burgeoning electronic dance music business by forming a joint venture partnership with AM Only,[15] a leading Electronic Dance Music agency whose client list includes genre superstars David Guetta, Skrillex and Tisto. Directions Advertisement. [19], On 18 April 2019, Paradigm named Marty Diamond as its new Head of Global Music. She was 89. 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. Tom, the youngest brother, started his career working for Alec at The Gores Group. Michael Gores Current Workplace Paradigm Talent Agency Location 8942 Wilshire Blvd, Beverly Hills, California, 90211, United States Description Read More Industry Management Consulting Business Services Discover more about Paradigm Talent Agency Org Chart - Paradigm Talent Agency Phone Email Michael Gores Agent Phone Email Phone Email Phone Email When 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. 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. He wrote on social media of his diagnosis on April 6, but he did not recover. He was 74. He was also chairman of the Television Academy from 2012 to 2016. She was 74. continue to monitor the situation closely. 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. Alec didnt graduate from high school until the age of 20. Compassion!" Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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. 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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. You have to try to bring costs down more in line with revenues, another agency insider explained. 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. We have seen Ms. Kleins complaint and it is littered with false, frivolous and scurrilous allegations, which, fortunately for her, are protected by the First Amendment, otherwise she would be facing a defamation suit, announced Paradigms outside counsel Dale Kinsella late this morning after Deadline broke the news of the long time agents scathing and sometimes salacious breach of oral contract complaint in the early hours of the morning. Let us know. [20], On April 26, 2022, Wasserman Music acquired Paradigm UK's Live Music Business.[21]. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. The biggest player is Creative Artists Agency (CAA), which was founded in 1975 by Michael Ovitz and four others. 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. Such a music roster seemed enticing to Casey Wasserman, who on Wednesday officially finalized a deal to acquire the North American music assets, including the live-music representation business as well as a new operating unit. Michael Mau Shun Wang, 75. 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? 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. Its hard to find new money to make up for that loss.. Order Online. 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. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. Bruce is an experienced and capable industry veteran. Stranger Things Stage Adaptation Set for Londons West End, Colbert Gives Disney World Characters Realistic Genitalia After DeSantis Takeover of District (Video), How to Watch the Star Wars Shows in Order, Accused: Tazbah Chavez Drew From Her Personal Life to Highlight Environmental Justice Issues Facing Native Land. Paradigm wont exist on its own after the sale of its music division.. 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. 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. [1] As of 2014, Paradigm represents roughly 1,000 bands and artists,[1] including Ed Sheeran, Fun., Janelle Mone and Jason Mraz;[1] and has grown to eight offices Beverly Hills, Manhattan, Monterey, Nashville, Brooklyn, Austin, Hollywood, and London and more than 300 employees. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. Chef Floyd Cardoz, winner of "Top Chef Masters" Season 3, died at the age of 59 of coronavirus complications on March 25. @2019 - The Wrap News Inc. All Right Reserved. Soon, there were thousands of layoffs and furloughs at UTA, ICM Partners,APA,CAAandWME. 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. Broadway star Nick Cordero passed away on July 5 due to complications from coronavirus. Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. He was 83. Currently, hes on the board of Cox Media Group and was also the chairman and CEO of the Television Academy between 2012 and 2016. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Italian actress Lucia Bos, who starred in such films as Michelangelo Antonionis "Story of a Love Affair" (1950) and Juan Antonio Bardems "Death of a Cyclist" (1955), died on March 23 of pneumonia after contracting COVID-19, according to the Guardian. [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. She was 78. He frequently collaborated with Steven Spielberg, and worked on such films as "E.T. Want to contact Michael Gores? He worked with such legends as Thelonius Monk, Charles Mingus and Sonny Rollins. Variety is a part of Penske Media Corporation. 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. Klein filed the suit on April 1, alleging that she had been fired in breach of an oral agreement. , who have come to personify the archetypal American dream during the Flint water crisis,,... 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michael gores paradigm
