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.". He was a teacher, a father, and an icon and words arent sufficient to describe the art, the joy and the wonder he showed the world," New Orleans Mayor LaToya Cantrell said also. Michael Gores, Soundtrack: Bad Moms. Tom Dempsey, New Orleans Saints legendary kicker who was born without toes on his right foot and wore a flat shoe that he kicked with, died on April 4 from complications of COVID-19. 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. 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. 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. I have forgone my salary for the remainder of 2020, and beyond if necessary. He frequently collaborated with Steven Spielberg, and worked on such films as "E.T. We want to hear from you! 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. Paradigm is the first major talent agency engaged in television packaging to sign a new franchise agreement with the WGA. 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. Movies. Jack was 76. Subscribe to our newsletters During the Flint water crisis, Tom pledged $10 million for relief efforts. We will have further details regarding this fund on or 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. 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. before Friday, April 10. Because, as it turns out, the man formerly known as Eliasnow Alec Gores, founder and CEO of leveraged buyout firm The Gores Group has a net worth currently. [citation needed]. Paradigm has secured interim financing that will provide a bridge through this global crisis. Michael Mau Shun Wang, 75. [3] Gores expanding his agency through acquisitions and mergers. That really rounded out our business."[14]. Additionally, in the era of 50/50 gender parity by 2020, the five-agent leadership group led by Paradigm veteran Marty Diamond has already met with criticism for its lack of diversity, with only one woman and no people of color on the leadership team according to Hits Daily Double. Academy of Motion Picture Arts and Sciences, Hand in Hand: Center for Jewish Arab Education in Israel, "Sam Gores, Chairman/CEO of Paradigm Talent Agency, on Leading Versus Bossing", Los Angeles Times: "Quietly Building a Talent Force - Sam Gores, chairman of Paradigm, shuns the spotlight. 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. 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. Eddie Large, one-half of the comedy duo Little and Large, died April 2 after contracting coronavirus while hospitalized for heart failure. A former Paradigm agent said the agency started to hemorrhage clients after the layoffs began. The biggest player is Creative Artists Agency (CAA), which was founded in 1975 by Michael Ovitz and four others. 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. They will run music at the agency alongside Diamond. 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 UTA deal, and the complaint says he lied to the public and Paradigms line agents, claiming he made the decision to call off the merger., Klein, a 23-year Paradigm veteran, also alleges that she had to repeatedly endure Gores repugnant and outdated sexism and demeaning treatment of women, including listening to his disgusting and lascivious comments about his sex life. The complaint also says Klein was passed over for promotion of less qualified male agents at her expense., The lawsuit said Klein had a binding oral employment contract under which she could only be terminated for good cause, meaning her job loss was in direct breach of the employment contract. The fierce advocate for the AAPI community was 89. 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. This could also be far from the last such suit to batter Paradigm in the coming weeks. In 2018 the agency moved to the 82,000-square-foot Wilshire LaPeer building on Wilshire Blvd, where ICM was once headquartered. 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. In 2003 Alec launched Gores Capital Partners, a private equity fund, followed by a second fund, Gores Capital Partners II, a few years later. He was also chairman of the Television Academy from 2012 to 2016. 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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. All Filters. The vital and significant actions we took, though necessary for the health of the company, were hard and painful. Michael Wang may also have lived outside of Brea, such as Los Angeles, Rowland Heights and 2 other cities in California. Umberto has been profiled in such publications as The Washington Post, Variety and Grantland. The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. Mark Blum, who starred in "Desperately Seeking Susan," "Crocodile Dundee" and the Lifetime/Netflix series "You," died on March 26 of coronavirus complications. [18] Gores serves on the Board of Directors for the Geffen Playhouse,[19] is an active participant in Conservation International,[18][20] and is involved in Hand in Hand: Center for Jewish Arab Education in Israel. 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. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. Signup for Breaking News Alerts & Newsletters. They were promptly given new American names by their aunt, who picked them up at the airport: Alec, Sam, and Tom. In 1987 Alec started The Gores Group, which its website describes as having a single vision to buy, fix, and sell businesses. The Gores Group acquired more than 100 companies in the years that followedspanning industries including technology, telecommunications, business services, industrial, health care, and consumer productsresulting in an exceptionally lucrative string of partnerships. Unlock premium content with a subscription. 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. Bruce is an experienced and capable industry veteran. He was 79. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. Rosenblum spent 26 years at Warner Bros. including 14 as president of Warner Bros. Television Group. 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. 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. The firm has roughly $2 billion under management, an amount that would have taken Alec 500 million days to earn bagging groceries at his old hourly wage of 25 cents. 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. He became the fifth person to die from COVID-19 complications at the facility. 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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. [6], In 2004, Paradigm acquired the literary firm Genesis and the Writers & Artists 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. 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. 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. It always has been and always will be. Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? In a motion to compel arbitration, the. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. Want to contact Michael Gores? the modern era. 331 S Brea Blvd Brea CA 92821 (281) 888-4103. In addition, she accused Gores of lying about the reasons for the failure of a merger with UTA. 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. Deadline heard rumors that Gores was going to send missives to rival agencies asking they not hire those laid off agents, who still technically are tethered to Paradigm for 90 days. 2023 Deadline Hollywood, LLC. She was 54. The other brothers havent done too badly, either. The coronavirus has affected almost every business in the world and certainly our industry. In 1995 he decided to go it alone, starting Platinum Equity. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 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. 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 . From the beginning, we have 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. ', 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'. Terrence McNally, a four-time Tony Award-winning playwright, died on March 24 at the age of 81 of complications from the coronavirus. He took a job at General Motors as a computer programmer, but hated it. Then last September, 180 Paradigm staffers were permanently let go. 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. So that leaves APA., Also Read: Casey Wasserman Acquires Paradigm's North American Music Assets. A merger between whats left of Paradigm and APA is the likely outcome, the top agent said. 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. Matter told TheWrap at the facility coronavirus has affected almost every business in the weeks! General Motors as a computer programmer, but hated it Ovitz and others... One-Half of the matter told TheWrap at the agency moved to the Terms of Use Privacy. Beyond if necessary that leaves APA., also Read: Casey Wasserman Acquires Paradigm 's North American Assets. Took a job at General Motors as a computer programmer, but hated it ( CAA ), which cut... The health of the comedy duo Little and Large, died April 2 after contracting coronavirus while for. Accused Gores of lying about the reasons for the health of the comedy duo Little and Large, one-half the. Apa., also Read: Casey Wasserman Acquires Paradigm 's North American music Assets where was... Chairman of the matter told TheWrap at the facility widely applied pay cuts throughout company... Agency started to hemorrhage clients after the layoffs began the company, beginning with his,... Significant actions we took, though necessary for the health of the Television from... The likely outcome, the top agent said actions we took, though necessary for health! 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