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. Its clear that the Gores family remembers what it was like to have very little; like many wealthy people, they have made philanthropy a priority. The Extra-Terrestrial" and "The Color Purple". He announced his diagnosis just two days prior. Sadly, his father died of cancer shortly after the deal closed. Jack was 76. She was 86. Klein put together black-ish, its two spinoffs and much more over the years. The Movies. 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. The coronavirus has affected almost every business in the world and certainly our industry. 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. He was 34. All Rights Reserved. View Cell Phone Number View Background Report. In response to the frivolous lawsuit Mr. Freedman filed on behalf of Ms. Klein which is replete with false statements, as evidenced by the motion Paradigm filed today Paradigm was forced to involve its long time law firm. 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. 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. He was 61 years old. 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. 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 . Debbee Klein also accused Gores of executing a . 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. Paradigm has won the Pollstar Award for Booking Agency of the Year four times, in 2016,[2] 2018,[3] 2019[4] and 2020. 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. Valour! Gores was accused of being misleading after firing more than double the amount of employees originally reported and cutting insurance for laid off employees, which Gores later extended until June 2020. More. MSNBCs Black Viewership Continues to Soar Thanks to On-Air Representation and Reporting, Paramount CFO Sees Advertising Market Recovering by End of Year, Ant-Man 3 Clocks Worst Weekend Box Office Drop in Marvel Studios History, Why Wall Street Is in Love With Movie Theaters | Analysis, Netflix Takes a Full Swing at Sports and Lands on the Green | Charts, How the HBO Max-Discovery+ Combo Could Challenge Netflix and Hulu | Charts, Greys Anatomys Farewell to Ellen Pompeo Ratings on Par With Winter Finale, How Vice, Vox and BuzzFeed Blew the Future of Media, The Streaming Services That Are Priced Right and the Ones That Miss the Mark | Chart. Since the layoffs last year, theres been a mass exodus of clients across the board, the former agent said. [citation needed]. 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. 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. 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. 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. His company has been acquiring agencies, many of them in the music industry" by Claire Hoffman, Forbes: The World's Billionaires - Tom Gores, Palestinian Surprise: "TALENT AND LITERARY AGENT SAM GORES", "Board of Trustees | The American Academy of Dramatic Arts", "Coronavirus unemployment: Paradigm staff say they were misled - Los Angeles Times", "Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut", "Paradigm Agent's Lawsuit May Be First of Many Coronavirus Breach of Contract Claims", "Paradigm Hit With Blistering $2M Breach Of Contract Suit By Debbee Klein; Sam Gores' Agency Says "False, Frivolous & Scurrilous" Update", "Company funds used for prostitutes, alleges ex-partner at Paradigm Talent Agency", "Former agent's allegations of company funds paying for prostitutes 'pure fabrication,' talent agency says", "Paradigm's Sam Gores Accused of Using Corporate Funds for Prostitutes", "Debbee Klein and Paradigm Agree to Settle Dispute in Arbitration", "Paradigm Responds To Debbee Klein's Suit: Sam Gores' Ex-Asst Calls Prostitutes Claims "Blatant Lies"; Agency Seeks Arbitration For Case", Americada: "Gores, King and White Join Academys Board", https://en.wikipedia.org/w/index.php?title=Sam_Gores&oldid=1128888634, Articles with unsourced statements from March 2018, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 December 2022, at 13:58. Umberto has been covering the fanboy beat & breaking scoops for 20 years with numerous Hollywood trade, newspaper, & magazine mentions to his credit. If you checked you would find this is in violation of California law.. He was 70. Like all other agencies industry wide, staff above Coordinator level are working at reduced There are no discussions taking place between APA and Paradigm, according to an APA spokesperson. To make matters worse, the shutdown of the concert business happened at the agencys low cash point, when it operated on loans that floated the company until the flush months of the summer and the festival and outdoor concert season. Strategically, the alliance planted a flag for Paradigm in London and, by extension, Europe and other international markets. ', The Mandalorian Season 3 Probably Wont Make Any Sense Unless Youve Watched The Book of Boba Fett, The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. Among the proclamations was that Gores set up an undisclosed amount of interim financing to keep the agency afloat for the foreseeable future, set a $1.1 million fund to help those employees on temporary layoff and extended their health coverage through June. 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. [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. In signing the agreement, it enables our literary agents to re-sign our writer clients and get them back to work. The moves come as Paradigm is grappling with a cash flow crunch exacerbated by the coronavirus crisis. He was also chairman of the Television Academy from 2012 to 2016. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. All Rights Reserved. Bruce is an experienced and capable industry veteran. provide extended benefits, comfort, and assistance as we prepare for this pandemic to end and Michael Mau Shun Wang, 75. 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. Send us a tip using our annonymous form. 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. The information he had was his active agents had been approached who were covered by contracts, as opposed to those who had been temporarily laid off. Ill contact you again on or before Friday with more information about the Employee Relief Fund. 2023 Deadline Hollywood, LLC. Did Disney Buy a Dud With Fox? 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. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. [20], On April 26, 2022, Wasserman Music acquired Paradigm UK's Live Music Business.[21]. 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. I thought youd like to know about several actions Paradigm has taken to ensure that the company remains on solid ground. Variety is a part of Penske Media Corporation. Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? On this Wikipedia the language links are at the top of the page across from the article title. 10 Sam Gores - Paradigm Talent Agency. The end is near for Paradigm as a standalone agency, one top agent said. In a motion to compel arbitration, the agencys attorneys slammed Klein as a backstabber who allegedly fabricated allegations about prostitution in the lawsuit. Signup for Breaking News Alerts & Newsletters. Our desire is to help Mark Blum, who starred in "Desperately Seeking Susan," "Crocodile Dundee" and the Lifetime/Netflix series "You," died on March 26 of coronavirus complications. Brian Welk. [2], Gores was born in Nazareth, Israel[3] in 1954[3] and raised by his parents alongside his two brothers and three sisters. 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. We will have further details regarding this fund on or 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. Broadway star Nick Cordero passed away on July 5 due to complications from coronavirus. 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. The exterior courtyard of the building. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. I agree with TheWrap's Terms of Service and Privacy Policy and provide my consent to receive marketing communications from them. 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. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? 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. Built from Indiana limestone and granite accented with stainless steel, it features a granite reflecting pool and three water sculptures by artist Eric Orr. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. 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.. 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. Last summer, Tom Gores and his investment company Crescent Drive Media also took an ownership stake in Paradigm. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. We reached out to Paradigm tonight for a response to the lawsuit and will update if and when we hear from them. Hilary Heath, an actress and producer who starred opposite Vincent Price in horror movies in the late 1960s and early '70s, died in April of COVID-19 complications. His gambit has failed, and Paradigm must now answer for its unlawful acts in a court of law, the filing from the one time partner summarizes. And while immmediate action was required, I realize that the way the message was conveyed to you lacked compassion and made you feel alienated from Paradigm. difficult and urgent actions we took on March 20th were the hardest of my 37-year career. 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. Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. 2023 Variety Media, LLC. 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. He frequently collaborated with Steven Spielberg, and worked on such films as "E.T. 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.. We are disrupting generational poverty, Gores Fredston told the audience at a gala fund-raiser last year. Lived In Rowland Heights CA, Walnut CA, Cerritos CA, . Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. But the blood was in the water after the initial layoffs. 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. [9][10] One employee filed a lawsuit, alleging serious misconduct from Gores including payoffs, prostitution and criminal misconduct. 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. The correspondence to rivals was specifically about agents that were not laid off and therefore had enforceable contracts. 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My father was willing to give up literally everything he had and pack his bags and bring us here, Alec told a reporter in 2016. Sam Gores declined to elaborate beyond the memo. 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. Paradigm is not spending millions of dollars to clean up Sams reputation, which has only been tarnished by the falsehoods in Ms. Kleins lawsuit. Paradigm Physician Service. A third fund debuted in 2011, aptly called Gores Capital Partners III. Financial details were not disclosed. Its hard to find new money to make up for that loss.. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. 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. months of film and television productions, concerts, tours, and festivals were cancelled or postponed overnight, every aspect of our business was dramatically impacted. 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. 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. 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., Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. 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. (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. 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. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. Michael Mando Exits Apple Series; . Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. 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. The Brian Eno and Cocteau Twins collaborator was 84 years old. 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). Bruce is an experienced and capable industry veteran. the modern era. Send us a tip using our annonymous form. She alleged that Gores partners had forced him to back out of the deal, but that he had falsely portrayed the decision as his idea. Thewrap 's Terms of Service and Privacy Policy and Terms of Service apply the Relief!, by extension, Europe and other international markets from January 2012 through December.. Blood was in the world and certainly our industry of California law employees. 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