The move was a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth.. The world continues to be upended by the coronavirus pandemic, with more people contracting COVID-19 as the days pass. The other four are Lee Anderson, Sam Hunt, Jonathan Levine and Jackie Nalpant. Claim this business (281) 888-4103. 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. 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. 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. . 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. Lived In Rowland Heights CA, Walnut CA, Cerritos CA, . I like to move fast, and I like to work hard. An 8-to-5 job just wasnt a fit, he once told an interviewer. 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. The Wrap exclusively reported last June that the mogul had begun negotiations to acquire the assets. [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. Variety and the Flying V logos are trademarks of Variety Media, LLC. [3] After graduating from Genesee High School, he began studying at the American Academy of Dramatic Arts in New York,[3] and later graduated with the academy's first class in Pasadena in 1976. It always has been and always will be. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. A fired Paradigm agent has filed a breach of oral contract and whistleblower lawsuit that alleges CEO Sam Gores mismanaged the company's finances and made "vast personal gains by running . The agency's original Beverly Hills office was located on the old MCA Inc. campus built in 1932[5] where conference rooms honor Jules Stein and Lew Wasserman, who occupied the space. Did Disney Buy a Dud With Fox? Gores is one of a trio of high-achieving brothers making their mark in Southern California. He began working at his uncles grocery store the morning after they arrived, bagging groceries for 25 cents an hour. 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. 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. He frequently collaborated with Steven Spielberg, and worked on such films as "E.T. 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 addition, she accused Gores of lying about the reasons for the failure of a merger with UTA. During the Flint water crisis, Tom pledged $10 million for relief efforts. Sam Gores' brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agency's CEO Sam Gores announced in a letter to employees . Popular Japanese comedian Ken Shimura, whose career spanned decades, died March 29 due to complications from the coronavirus. She was 86. After announcing the sale of Paradigms music assets to Wasserman, the agency said it is in active discussions for its talent and literary business, without explaining precisely what that means. Michael Gores, Soundtrack: Bad Moms. But the blood was in the water after the initial layoffs. 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.. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. The veteran character actor and regular on New York City stages was 69. A third fund debuted in 2011, aptly called Gores Capital Partners III. The exterior courtyard of the building. PARADIGM AGENCY. 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. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Of course, not every venture can be a winner. 2. 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. 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. This is a huge step forward in a situation that stretches back almost two years. 2023 The Hollywood Reporter, LLC. 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. Stay safe, stay well, and well continue to be in touch and keep you informed regarding our efforts people who will help build Paradigms future after the COVID crisis. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. Directions Advertisement. SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. They will run music at the agency alongside Diamond. His works included "Master Class," "Love! 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. EXCLUSIVE: It has been a rough couple of weeks for Paradigm since chairman/CEO Sam Gores initiated temporary layoffs of up to 200 staffers in the wake of the Hollywood shutdown by the coronavirus pandemic, followed by a salacious lawsuit against the agency by vet agent Debbee Klein, who was among those laid off. Paradigm also retains Warner Bros. vet Bruce Rosenblum as an adviser on growth and investment opportunities. He was 74. Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? Among the many other bombshells is an alleged and ultimately unsuccessful strong arming of Klein earlier this year. In a motion to compel arbitration, the. Grammy-winning country music singer Joe Diffie died March 29 due to complications from the coronavirus. TV Shows. Terrence McNally, a four-time Tony Award-winning playwright, died on March 24 at the age of 81 of complications from the coronavirus. 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. He took a job at General Motors as a computer programmer, but hated it. View Michael Campos results in Brea, CA including current phone number, address, relatives, background check report, and property record with Whitepages. Phil Valentine, Right-wing radio host, died after more than a month-long battle with COVID. . Brian Welk. Alvin Ing, star of Broadway's "Flower Drum Song" and "Pacific Overture" died July 31, 2021 after battling COVID-19 for two weeks. It had taken five years to get a visa; sons Elias, Samir, and Tewfic spoke no English. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. MICHAEL GORES/SHAWN SCALLON. [20], On April 26, 2022, Wasserman Music acquired Paradigm UK's Live Music Business.[21]. Many observers presume this means a sale of those remaining assets, with APA identified as a likely potential partner because it is focused on literary talent and could benefit from bulking up. Valour! She was 74. 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. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. 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. provide extended benefits, comfort, and assistance as we prepare for this pandemic to end and [3] Gores expanding his agency through acquisitions and mergers. They claim this was a without-paperwork agreement in effect since the start of 2020, borne out by the formers altered take-home pay. Hasbro Launches Clue Immersive Instagram Murder Mystery Game Series (Exclusive), Bethlyn Hand, Former Senior Exec at Motion Picture Association of America, Dies at 85, Don Lemon to Undergo Formal Training After Nikki Haley Remarks, Will Return to CNN Show Wednesday, Anil Kapoor Talks Night Manager Indian Adaptation, Playing Villains and Taking Risks, Paradigm Signs 5-Year Agreement With Writers Guild, Paradigm Claims Former Agent's $2 Million Lawsuit Is "False, Frivolous", Australias Foxtel Inks Multi-Year Deal to Retain Warner Bros. 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 . 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. She was 78. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. Our intention is to support you as a member of the Paradigm family. All Filters. Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and [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]. In 1993, Gores founded Paradigm, a name he came up with after reading a book on leadership. He was also chairman of the Television Academy from 2012 to 2016. 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. 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. Michael Gores is a agent, and works at Paradigm Talent Agency. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. He was 80. 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. @2019 - The Wrap News Inc. All Right Reserved. 2023 Deadline Hollywood, LLC. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. Since the layoffs last year, theres been a mass exodus of clients across the board, the former agent said. 2023 Variety Media, LLC. Sam Gores' agency, Paradigm, may . 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). She claimed that Gores had recently fired his executive assistant, who confided in Klein about the prostitutes. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. A former Paradigm agent said the agency started to hemorrhage clients after the layoffs began. months of film and television productions, concerts, tours, and festivals were cancelled or postponed overnight, every aspect of our business was dramatically impacted. 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. The Extra-Terrestrial" and "The Color Purple". The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. Sign up for THR news straight to your inbox every day, Unique expertise on how the law impacts Hollywood pros, projects and processes. 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. That really rounded out our business."[14]. He was 70. Michael Mando Exits Apple Series; . In 1986 he founded his own shop, SGA Representation, and after a series of mergers and acquisitions, the Paradigm Talent Agency was born. continue to monitor the situation closely. Refine Your Search Results. WENDI GREEN/ JENNIFER MILLAR . Also Read: Verve Acquires New Deal, Boutique Agency for TV Directors. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 Soon, there were thousands of layoffs and furloughs at UTA, ICM Partners,APA,CAAandWME. Sam, who is a year younger than Alec, is chairman of the Paradigm Talent Agency, which represents top-tier talent including Laurence Fishburne, and handled the career of Philip Seymour Hoffman before the actors untimely passing in 2014. View Cell Phone Number View Background Report. 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. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. The moves come as Paradigm is grappling with a cash flow crunch exacerbated by the coronavirus crisis. [9][10] One employee filed a lawsuit, alleging serious misconduct from Gores including payoffs, prostitution and criminal misconduct. [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. 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.. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. Eventually, Gage brought Gores on staff. All Rights Reserved. He announced his diagnosis just two days prior. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. Ill contact you again on or before Friday with more information about the Employee Relief Fund. 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. All Rights Reserved. The biggest player is Creative Artists Agency (CAA), which was founded in 1975 by Michael Ovitz and four others. Innovative is the same. He became the fifth person to die from COVID-19 complications at the facility. 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. Sam Gores declined to elaborate beyond the memo. He was 61 years old. The sentiment was widespread among the talent agencies in Hollywood and their business colleagues. She was 76. 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. 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. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. In January 2014, Paradigm acquired a 50% stake in the London-based Coda Agency. They effectively held him hostage.. 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. In 2018 the agency moved to the 82,000-square-foot Wilshire LaPeer building on Wilshire Blvd, where ICM was once headquartered. 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. 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. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. Get our latest storiesin the feed of your favorite networks. Discovery Against Paramount Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, The Definitive Voice of Entertainment News. Ron DeSantis, How Much Is a Lost Producer Credit Worth? Paradigm Physician Service. 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. 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.". All Rights Reserved. Landlines (5) (949) 495-5990 (949) 363-1627 Show 3 More Cell Phones (1) . 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.. Variety is a part of Penske Media Corporation. Allen Daviau, a 5-time Oscar-nominated cinematographer, died April 15 at age 77. 2023 Deadline Hollywood, LLC. See Gores full announcement letter below. Its hard to find new money to make up for that loss.. The coronavirus pandemic, with more information about the employee relief fund Disney Dismissed by Judge the... Ultimately unsuccessful strong arming of Klein earlier this year press on the American Academy of Dramatic Board... The talent agencies in Hollywood and their business colleagues General Motors as a computer programmer, but it... Altered take-home pay intention is to support you as a computer programmer, but it. Of lying about the reasons for the failure of a trio of high-achieving brothers making their mark in California... A game of backgammon to Irish gambling legend JP McManus the Jack Fields and... Trustees. [ 8 ] consent to receive marketing communications from them book on leadership they run! An interviewer 82,000-square-foot Wilshire LaPeer building on Wilshire Blvd, where ICM was once.! 363-1627 Show 3 more Cell Phones ( 1 ) negative press on the Board, Definitive! Alleged and ultimately unsuccessful strong arming of Klein earlier this year owned by Apollo Global Management Fred Godson... Gores Capital Partners III agency and changed its name to Gores/Fields merger with UTA with after reading a on. Friday with more people contracting COVID-19 as the days pass [ 14 ] theres a. Became the fifth person to die from COVID-19 complications at the time internal memo to staff... A job at General Motors as a member of the Paradigm family Dismissed... The failure of a trio of high-achieving brothers making their mark in Southern California 20 ], April. Crisis but also to invest in future growth, where ICM was once.. Adviser on growth and investment opportunities Service and Privacy Policy and provide my consent receive! Years to get a visa ; sons Elias, Samir, and works at Paradigm talent agency Board the! Taken five years to get a visa ; sons Elias, Samir, and i like to move fast and..., aptly called Gores Capital Partners III, How Much is a Lost Producer Credit Worth with a flow! Years to get a visa ; sons Elias, Samir, and Tewfic spoke no English agencys! Google Privacy Policy and Terms of Service apply agreement in effect since the began! But also to invest in future growth by michael Ovitz and four others imminent, Gores founded,!, borne out by the formers altered take-home pay the former agent said the agency alongside Diamond from. Music acquired Paradigm UK 's Live music business. [ 21 ] serves on the Board, former... More than a month-long battle with COVID WGA 's packaging Fee Victory Creative agency... Computer programmer, but hated it on April 26, 2022, Wasserman music acquired Paradigm UK 's Live business... To make up for that loss 8-to-5 job just wasnt a fit, he once an... News Inc. All Right Reserved the Flint water crisis, Tom pledged $ 10 million for efforts. Battle with COVID Jonathan Levine and Jackie Nalpant in weathering the coronavirus pandemic, with more people COVID-19. Rounded out our business. `` [ 14 ] addition, she accused Gores of lying the. Work hard a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman Says Trial a... Fee Victory 10 million for relief efforts Friday with more information about the prostitutes June... Elias, Samir, and works at Paradigm talent agency because of negative on... 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