Terrence McNally, a four-time Tony Award-winning playwright, died on March 24 at the age of 81 of complications from the coronavirus. Then last September, 180 Paradigm staffers were permanently let go. We provide email, phone, address, along with clients info for thousands of entertainment professionals. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. 10 Sam Gores - Paradigm Talent Agency. She was 86. 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. That reporter was from Forbes. By subscribing, I agree to the Terms of Use and Privacy Policy. Sonny Chiba, a martial arts master and a Japanese actor who played legendary sword maker Hattori Hanzo in Kill Bill, has died from pneumonia caused by COVID-19. Get Notified when Michael E Flanagan's info changes. The information you have is wrong, a spokeman said. The combination of Paradigm Talent Agency's Music Division, AM Only, and Coda Music Agency made Paradigm one of the top music agencies in the world, with clients including Coldplay, Dave Matthews Band, Ed Sheeran, Fun., Bon Iver, Janelle Mone, Jason Mraz, The Lumineers and Phish, among others. The organization is focused on education, and provides disadvantaged students with after-school learning and enrichment programs. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. 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. Alec struck out on his own in 1978,getting an $8,000 loan from his dad and setting up a computer hardware and software distribution business in his basement. 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. 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. 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 move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. 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. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. on your behalf. 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. difficult and urgent actions we took on March 20th were the hardest of my 37-year career. She accused Paradigm CEO Sam Gores of using the coronavirus pandemic as an excuse to get rid of agents that he believed were overpaid. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. In 1993, Gores founded Paradigm, a name he came up with after reading a book on leadership. Umberto has been covering the fanboy beat & breaking scoops for 20 years with numerous Hollywood trade, newspaper, & magazine mentions to his credit. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. Variety is a part of Penske Media Corporation. John Prine, one of the most influential and revered folk and country songwriters of the last 50 years, died on April 6 at the age of 73 after being infected with the COVID-19 virus. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. [6], In 2004, Paradigm acquired the literary firm Genesis and the Writers & Artists Agency. Klein filed the suit on April 1, alleging that she had been fired in breach of an oral agreement. The Wrap exclusively reported last June that the mogul had begun negotiations to acquire the assets. 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. He announced his diagnosis just two days prior. Grammy-winning country music singer Joe Diffie died March 29 due to complications from the coronavirus. Innovative is the same. We are disrupting generational poverty, Gores Fredston told the audience at a gala fund-raiser last year. [19], On 18 April 2019, Paradigm named Marty Diamond as its new Head of Global Music. Eventually, Gage brought Gores on staff. A former Paradigm agent said the agency started to hemorrhage clients after the layoffs began. All Rights Reserved. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. It always has been and always will be. Paradigm moved into the former headquarters of MCA Inc. on Crescent Drive in Beverly Hills and expanded its list of customers to include a broad base of Hollywood, Broadway, literary, television and musical talent. 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. Thus far, Gores Fredston has raised over $17 million to support initiatives for at-risk kids, and its a reasonable assumption that this figure will only grow over time. 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. Paradigm's clients have included author Stephen King, actors Sydney Sweeney, Antonio Banderas and Brian Cox, directors James Wan and Malcolm D. Lee, and musicians Coldplay, Tiffany Young, Billie Eilish, Halsey, and Ed Sheeran, as of 2018.[1]. All Rights Reserved. Tonight, Gores sent an internal email that sought to reassure remaining staff about what the future held for the agency. 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. 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 . [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. If you checked you would find this is in violation of California law.. Directions Advertisement. 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. Signup for Breaking News Alerts & Newsletters. That really rounded out our business."[14]. He was 34. 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. He took a job at General Motors as a computer programmer, but hated it. They effectively held him hostage.. 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. 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 was 86. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. She was 54. I am deeply sorry about the financial impact this crisis has had on so many of our colleagues, Of course, Paradigm was not the only agency impacted by the pandemic. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. "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. 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. SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. He was 69. The big agencies already kicked the tires on Paradigm in an effort to acquire the music department; Gersh isnt going to merge with anyone. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. 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Your health care coverage has been extended through the end of June and we will Our desire is to help Did Disney Buy a Dud With Fox? 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. She was 74. Get our latest storiesin the feed of your favorite networks. 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. Neither Sam, nor Paradigm, would ever stand in the way of someone wanting to hire an employee who had been temporarily laid off, whether covered by a contract or not. [16] Paradigm further expanded its European presence by partnering with London-based X-ray Touring in 2017. The correspondence to rivals was specifically about agents that were not laid off and therefore had enforceable contracts. Both Paradigm and Mr. Gores expect to be 100 percent vindicated, and our intention is to respond further in court filings, added the often pugilistic Kinsella, Weitzman, Iser, Kump & Aldisert partner. The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. When the Gores family left Israel for Detroit in 1968, they were just about broke. 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. She was 76. Of course, not every venture can be a winner. 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. Soon, there were thousands of layoffs and furloughs at UTA, ICM Partners,APA,CAAandWME. Alecs daughter, Rochelle Gores Fredston, founded the Philanthropic Society Los Angeles in 2010 (renamed Learning Lab Ventures in 2017). 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. We will have further details regarding this fund on or (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. WENDI GREEN/ JENNIFER MILLAR . Allen Garfield, who appeared in such films as The Conversation, Nashville and Irreconcilable Differences, died April 7 due to coronavirus complications, according to his sister. 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). producer Joel Rogosin died of coronavirus at the MPTF nursing home. [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 sentiment was widespread among the talent agencies in Hollywood and their business colleagues. 2023 Deadline Hollywood, LLC. They were promptly given new American names by their aunt, who picked them up at the airport: Alec, Sam, and Tom. 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. Order Online. 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. friends, and families as we confront one of the most urgent health and economic challenges of 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. Sam Gores worked his way up the Hollywood food chain. Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. View Michael's Contact Info. But the blood was in the water after the initial layoffs. Paradigm has established a $1.1M Employee Relief Fund to provide additional support of This could also be far from the last such suit to batter Paradigm in the coming weeks. 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.. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. Carol Sutton, actress who has starred on HBOs Lovecraft County and OWNs Queen Sugar" and appeared in such films as "Monster's Ball," "Ray" and "The Help," died of complications of COVID-19 on Dec. 10. Among the many other bombshells is an alleged and ultimately unsuccessful strong arming of Klein earlier this year. "Knight Rider" and "Magnum P.I." Movies. Anybody that was anyone. The veteran character actor and regular on New York City stages was 69. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. He served as head of TV and digital for Legendary from 2013 to 2016 and headed business operations at Disney/ABC TV Group from 2016 to 2017. [1] It later acquired New York-based Little Big Man, adding Coldplay and The Fray. [2], Gores was born in Nazareth, Israel[3] in 1954[3] and raised by his parents alongside his two brothers and three sisters. In signing the agreement, it enables our literary agents to re-sign our writer clients and get them back to work. [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]. These are the names of some notable figures from Hollywood and the media that we have lost. You are part of this team because we believe in your talent, and we hope that you will be the 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? [17], Gores is a member of the Academy of Motion Picture Arts and Sciences, the Academy of Television Arts and Sciences and the Recording Academy. Built from Indiana limestone and granite accented with stainless steel, it features a granite reflecting pool and three water sculptures by artist Eric Orr. Clients info for thousands of layoffs and furloughs at UTA, ICM,! A winner in full memo to his staff he came up with after a. At UTA, ICM Partners, APA, CAAandWME after-school learning and enrichment programs to. And therefore had enforceable contracts accused Paradigm CEO Sam Gores worked his way up Hollywood! 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