Anybody that was anyone. She was 54. Trini Lopez, the singer of "If I Had a Hammer" and an actor in "The Dirty Dozen," died on Aug. 11 from COVID-19. 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. That reporter was from Forbes. Paradigm has clung to its . 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. and "Frankie and Johnny in the Clair de Lune," which later became a film with Michelle Pfeiffer and Al Pacino. 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. A third fund debuted in 2011, aptly called Gores Capital Partners III. [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. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. 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. (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. 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. The deal is expected to close in Q2 2021, and the new companys name and configuration will be shared by Wasserman. our temporarily laid off employees. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. Back on May 20, Gores denied a report that sports and media mogul Casey Wasserman would buy Paradigm. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. 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. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. 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. Gores is one of a trio of high-achieving brothers making their mark in Southern California. Send us a tip using our annonymous form. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. 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. Get our latest storiesin the feed of your favorite networks. Chef Floyd Cardoz, winner of "Top Chef Masters" Season 3, died at the age of 59 of coronavirus complications on March 25. Since the layoffs last year, theres been a mass exodus of clients across the board, the former agent said. Although her cause of death was not immediately known, a friend told the Associated Press that she had been diagnosed with COVID-19. Alec, 53, is . There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. All Rights Reserved. He was 69. The end is near for Paradigm as a standalone agency, one top agent said. Ill contact you again on or before Friday with more information about the Employee Relief Fund. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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 . Discovery Against Paramount Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, The Definitive Voice of Entertainment News. While many have recovered, some have died from complications of the illness. Financial details were not disclosed. Today, Tom, who is number 200 on the Forbes 400, is worth an estimated $3.9 billion. He was 80. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. "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. 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. 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. [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. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. And Paradigm is being almost as blunt as Klein, almost. Kleins often abusive and brazen treatment of agents she considered a threat was well-known at Paradigm, and one of the many reasons that the company hesitated in accepting her ever growing demands during her latest contract negotiations.. 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. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and Bruce is an experienced and capable industry veteran. The organization is focused on education, and provides disadvantaged students with after-school learning and enrichment programs. Employees that were either suspended without pay, suffered salary reductions or were terminated should be asking why the millions of dollars are being spent on the after the fact fund, the ParaTimes newsletter and motions in litigation to keep the case private instead of on their own contractural rights to payments and health insurance during this pandemic. Tom, the youngest brother, started his career working for Alec at The Gores Group. "Knight Rider" and "Magnum P.I." Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. Paradigm has established a $1.1M Employee Relief Fund to provide additional support of In a motion to compel arbitration, the agencys attorneys slammed Klein as a backstabber who allegedly fabricated allegations about prostitution in the lawsuit. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. Alec didnt graduate from high school until the age of 20. 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. We want to hear from you! Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? [6], In 2004, Paradigm acquired the literary firm Genesis and the Writers & Artists Agency. 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. Your health care coverage has been extended through the end of June and we will He has funded scholarships in the city for underprivileged kids, is on the board of trustees for the Los Angeles County Museum of Art, and previously served on the board of directors at both St. Josephs Hospital and UCLA Medical Center. A merger between whats left of Paradigm and APA is the likely outcome, the top agent said. Signup for Breaking News Alerts & Newsletters. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. 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. A rep for Wasserman declined to comment. The big agencies already kicked the tires on Paradigm in an effort to acquire the music department; Gersh isnt going to merge with anyone. 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. Umberto has been covering the fanboy beat & breaking scoops for 20 years with numerous Hollywood trade, newspaper, & magazine mentions to his credit. 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. 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. 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. [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. Paradigm made a major strategic move in 2004 by acquiring independent music agency Monterey Peninsula Artists,[10] and followed up on that gain in 2006 by acquiring New York based music booking agency Little Big Man. Order Online. Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. 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. That reporter was from Forbes. Brian Welk. Paradigm also retains Warner Bros. vet Bruce Rosenblum as an adviser on growth and investment opportunities. In response, Paradigm produced a sworn declaration from Gores former executive assistant, who remains unnamed, asserting that the prostitution claims are a fabrication. 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. Valour! EXCLUSIVE: UPDATE, 11:48 AM:It took almost half a day, but Paradigm Talent Agency has finally responded to the more than $2 million lawsuit that Debbee Klein launched like a cruise missile late last night at the Sam Gores-run company for being unceremoniously axed last month after over two decades in the trenches. Deadline is a part of Penske Media Corporation. I like to move fast, and I like to work hard. 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. 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