By 1993, he had forged pacts with other agencies to form Paradigm,[3] which now has clients that include Academy Award-winning actor Adrien Brody, Emmy Award winner Julie Bowen, Emmy and Tony Award winner Fishburne and Antonio Banderas. The shuttering of live events amid the pandemic hit Paradigms revenue hard especially as it scuttled the lucrative summer touring season. Landlines (5) (949) 495-5990 (949) 363-1627 Show 3 More Cell Phones (1) . And Paradigm is being almost as blunt as Klein, almost. [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. Eventually, Gage brought Gores on staff. 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. [6], In 2004, Paradigm acquired the literary firm Genesis and the Writers & Artists Agency. A third fund debuted in 2011, aptly called Gores Capital Partners III. When the Gores family left Israel for Detroit in 1968, they were just about broke. 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. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. Variety is a part of Penske Media Corporation. He was 80. Discovery Against Paramount Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, The Definitive Voice of Entertainment News. Given these facts, it seems more like force manure than force majeure., Once again, Mr. Freedman has failed to get his facts straight, a spokesperson said. . In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. Just like their father did for them, the Gores brothers are giving kids the possibility of a better futureand if the recipients are anything like their benefactors, that future could turn out to be very bright indeed. 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. They will run music at the agency alongside Diamond. Alecs daughter, Rochelle Gores Fredston, founded the Philanthropic Society Los Angeles in 2010 (renamed Learning Lab Ventures in 2017). difficult and urgent actions we took on March 20th were the hardest of my 37-year career. Grammy-winning country music singer Joe Diffie died March 29 due to complications from the coronavirus. 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). 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.. Klein put together black-ish, its two spinoffs and much more over the years. of you back as possible. She claimed that Gores had recently fired his executive assistant, who confided in Klein about the prostitutes. 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. 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. 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. 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. 2023 Deadline Hollywood, LLC. 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 Extra-Terrestrial" and "The Color Purple". Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. Paradigm has signed a new franchise agreement with the Writers Guild of America, allowing the agency to resume representation of its WGA-represented film and TV writer clients. Alec, 15, was the oldest of the three. Michael Lewis for Variety Paradigm talent agency has secured a new investment from Crescent Drive Media, a company owned by the brother of agency chief Sam Gores, and has recruited industry. 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.. So that leaves APA., Also Read: Casey Wasserman Acquires Paradigm's North American Music Assets. I have forgone my salary for the remainder of 2020, and beyond if necessary. Subscribe to our newsletters Colin Powell, a former top military officer who rose to become the first Black Secretary of State under President George W. Bush, died on October 18, 2021 at age 84 of complications from COVID. 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. our teams and help you maintain your books of business. PARADIGM AGENCY. He was 83. While many have recovered, some have died from complications of the illness. All Rights Reserved. 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. In 2003 Alec launched Gores Capital Partners, a private equity fund, followed by a second fund, Gores Capital Partners II, a few years later. Ovitz became the face of talent agents, and he is credited with helping to carve out a larger, more competitive role for the genteel agents of that time. [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. and "Frankie and Johnny in the Clair de Lune," which later became a film with Michelle Pfeiffer and Al Pacino. Paradigm talent agency has secured a new investment from Crescent Drive Media, a company owned by the brother of agency chief Sam Gores, and has recruited industry veteran Bruce Rosenblum as an investment adviser. Oslin, died Dec. 21. [3] Gores expanding his agency through acquisitions and mergers. A rep for Wasserman declined to comment. Alec, 53, is . Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. Valour! Order Online. 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. 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. 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. 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. [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]. Paradigm is already unique among most Hollywood agencies as an independently owned outfit run by CEO Sam Gores and supported by his wealthy financier-brother Tommy Gores. 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. on your behalf. See Gores full announcement letter below. the modern era. [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 Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. [19], On 18 April 2019, Paradigm named Marty Diamond as its new Head of Global Music. Michael Wang may also have lived outside of Brea, such as Los Angeles, Rowland Heights and 2 other cities in California. Innovative is the same. Phone Numbers. 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.. Heres how a family of Israeli immigrants became an American business dynasty. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. "Ellis Marsalis was a legend. 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. Compassion!" [6] They settled near Flint, Michigan. 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. 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. Paradigm has secured interim financing that will provide a bridge through this global crisis. 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. I thought youd like to know about several actions Paradigm has taken to ensure that the company remains on solid ground. 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 . He wrote on social media of his diagnosis on April 6, but he did not recover. Andrew Jack, a dialect coach who most recently was hired to work with Robert Pattinson on the new Batman movie, died March 31 of complications from coronavirus, TMZ reports. 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. He did it for the kids, to make sure we have a better future.. Grammy-winning country singer K.T. The veteran character actor and regular on New York City stages was 69. 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. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. He was 52. His works included "Master Class," "Love! 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. Debbee Klein also accused Gores of executing a . Menu. By subscribing, I agree to the Terms of Use and Privacy Policy. Eddie Large, one-half of the comedy duo Little and Large, died April 2 after contracting coronavirus while hospitalized for heart failure. 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. 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 less than one minute, the five-claim document filed last night in Los Angeles Superior Court (read it here) proclaims. Sam Gores hoped to avoid scrutiny by terminating Ms. Klein in the midst of the present pandemic, the lawsuit charges, calling it the perfect opportunity to effectuate his long-planned, ruthless job cuts. Among the reasons alleged for Kleins firing after decades of work: Gores was supposedly enraged by Kleins expressed concerns over the illegality of sex workers being procured and paid through company accounts. After several years at The Gage Group, Gores left to open his own agency, SGA Representation,[1][3] and began to expand his business over time by acquiring other agencies. 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. Sam Gores' agency, Paradigm, may . The world continues to be upended by the coronavirus pandemic, with more people contracting COVID-19 as the days pass. 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. 2023 Variety Media, LLC. Your health care coverage has been extended through the end of June and we will Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. And according to the suit, it means Paradigm wont be able to keep her hanging on for 90 or so days without pay and unable to seek new work. When All Rights Reserved. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. Did Disney Buy a Dud With Fox? Popular Japanese comedian Ken Shimura, whose career spanned decades, died March 29 due to complications from the coronavirus. He began working at his uncles grocery store the morning after they arrived, bagging groceries for 25 cents an hour. Bruce is an experienced and capable industry veteran. 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. On this Wikipedia the language links are at the top of the page across from the article title. Ill contact you again on or before Friday with more information about the Employee Relief Fund. [1] It later acquired New York-based Little Big Man, adding Coldplay and The Fray. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. [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. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. Deadline is a part of Penske Media Corporation. Gores confirmed the investment from Crescent Drive, which is owned by investor Tom Gores, who already has a stake in the agency. Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. 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. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. They claim this was a without-paperwork agreement in effect since the start of 2020, borne out by the formers altered take-home pay. All Rights Reserved. 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. The agency expanded further the following year, bringing ATM & Associates into the fold. For instance, Little Big Man and Monterey complemented each other -- Monterey had all the legacy artists and big bands and [LBM founder] Marty [Diamond] had all the cool stuff that was up-and-coming. 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