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. 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. They effectively held him hostage.. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. 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. Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. Colin Powell is the latest notable person to die from complications of the illness. A rep for Gores declined to comment for this story. Paradigm wont exist on its own after the sale of its music division.. 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). continue to monitor the situation closely. [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. Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. The shuttering of live events amid the pandemic hit Paradigms revenue hard especially as it scuttled the lucrative summer touring season. He was 74. Of course, not every venture can be a winner. All the agencies had to make that tough call based on recurring revenues and what you had coming in And you always have to keep those options on the table the longer the pandemic drags on. 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. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. On this Wikipedia the language links are at the top of the page across from the article title. [4][5] In 1968, when Gores was 14,[6] his parents sold their home and possessions to purchase plane tickets to immigrate to the United States. An 8-to-5 job just wasnt a fit, he once told an interviewer. go back to work as a community at the agency Im proud to call my home. Kleins chief attorney tells Deadline this move is ultimately about more than just her. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. 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. In 1986 he founded his own shop, SGA Representation, and after a series of mergers and acquisitions, the Paradigm Talent Agency was born. She accused Paradigm CEO Sam Gores of using the coronavirus pandemic as an excuse to get rid of agents that he believed were overpaid. He was 82. He was also chairman of the Television Academy from 2012 to 2016. He frequently collaborated with Steven Spielberg, and worked on such films as "E.T. WENDI GREEN/ JENNIFER MILLAR . We want to hear from you! With offices in 10 cities and clients including Janelle Monae and Phish, hes become one of the top agents in Hollywoodbut, while wildly successful, hes a relative pauper compared to his billionaire brothers. But the blood was in the water after the initial layoffs. He was 41. our teams and help you maintain your books of business. 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. Our desire is to help Strategically, the alliance planted a flag for Paradigm in London and, by extension, Europe and other international markets. [16] Paradigm further expanded its European presence by partnering with London-based X-ray Touring in 2017. Like all other agencies industry wide, staff above Coordinator level are working at reduced Subscribe to Deadline Breaking News Alerts and keep your inbox happy. It had taken five years to get a visa; sons Elias, Samir, and Tewfic spoke no English. All Rights Reserved. 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. 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. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? We provide email, phone, address, along with clients info for thousands of entertainment professionals. 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.. Want to contact Michael Gores? [3] Sam immediately went to work bagging groceries in an uncle's supermarket, and worked his way through high school as a butcher. 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. (Michael E Flannigan, Michelle Flanagan) Age Location 60s Brea, CA Age 60s Location Brea, CA Monitor. 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. Back on May 20, Gores denied a report that sports and media mogul Casey Wasserman would buy Paradigm. 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. Sadly, his father died of cancer shortly after the deal closed. He did it for the kids, to make sure we have a better future.. 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. Popular Japanese comedian Ken Shimura, whose career spanned decades, died March 29 due to complications from the coronavirus. 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. Deadline is a part of Penske Media Corporation. Send us a tip using our annonymous form. The world continues to be upended by the coronavirus pandemic, with more people contracting COVID-19 as the days pass. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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 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. Klein put together black-ish, its two spinoffs and much more over the years. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. In response, Paradigm produced a sworn declaration from Gores former executive assistant, who remains unnamed, asserting that the prostitution claims are a fabrication. Anybody that was anyone. 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. He began working at his uncles grocery store the morning after they arrived, bagging groceries for 25 cents an hour. Hespent 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. Jack was 76. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. In September, a half-dozen departed Paradigm agents started their own company, called TBA, taking over prominent touring acts including The War on Drugs, Chvrches and Courtney Barnett. 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. 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. YOU'VE REACHED YOUR MONTHLY ARTICLE LIMIT. 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. Sam Gores, Chairman and CEO, opened his first agency, SGA Representation, Inc. in 1986. Paradigm, struggling after a year without live concerts that generated the bulk of its revenues from its deep roster of music clients, had reached the end of the line for its music business, which left precious little to continue as a going operation. Terrence McNally, a four-time Tony Award-winning playwright, died on March 24 at the age of 81 of complications from the coronavirus. When the Gores family left Israel for Detroit in 1968, they were just about broke. Phil Valentine, Right-wing radio host, died after more than a month-long battle with COVID. The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. 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. The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth, Gores letter reads. The other brothers havent done too badly, either. TV Shows. 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. Then last September, 180 Paradigm staffers were permanently let go. This is a huge step forward in a situation that stretches back almost two years. 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. . The exterior courtyard of the building. See a problem? The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. Variety and the Flying V logos are trademarks of Variety Media, LLC. 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. You have to try to bring costs down more in line with revenues, another agency insider explained. 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. 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. She was 76. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. She was 78. He worked with such legends as Thelonius Monk, Charles Mingus and Sonny Rollins. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. 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. 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. [3] Gores expanding his agency through acquisitions and mergers. Gores also continues to discuss a transaction involving the agencys music assets with sports agent and entrepreneur Casey Wasserman. 2023 Variety Media, LLC. 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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.. He was 52. She was 89. 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. Legendary Auburn football coach Pat Dye died on June 1 after combating COVID-19 and other medical conditions. Sam Gores (born 1954) is the chairman of Paradigm Talent Agency in Beverly Hills, California[1] and has been ranked among the top agents in Hollywood. 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. On this Wikipedia the language links are at the top of the page across from the article title. No stars left.. She also leveled a series of allegations at Gores, claiming that he used company funds to pay for prostitutes for himself and others. Get Notified when Michael E Flanagan's info changes. In 2018 the agency moved to the 82,000-square-foot Wilshire LaPeer building on Wilshire Blvd, where ICM was once headquartered. 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. In 1993, Gores founded Paradigm, a name he came up with after reading a book on leadership. 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