considered these layoffs temporary and it bears repeating that our intention is to bring as many He was 80. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. In addition, she accused Gores of lying about the reasons for the failure of a merger with UTA. In a motion to compel arbitration, the. We reached out to Paradigm tonight for a response to the lawsuit and will update if and when we hear from them. Grammy-winning country singer K.T. 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.. Broadway star Nick Cordero passed away on July 5 due to complications from coronavirus. 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. Michael Wang may also have lived outside of Brea, such as Los Angeles, Rowland Heights and 2 other cities in California. In Charlie Says Trial, A Jury Says $1.9M, South Park Licensing Deal Sparks Lawsuit From Warner Bros. 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. 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. In 1993, Gores founded Paradigm, a name he came up with after reading a book on leadership. 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. 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. Debbee Klein also accused Gores of executing a. 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. Grammy-winning country music singer Joe Diffie died March 29 due to complications from the coronavirus. When Also Read: Paradigm President Greg Bestick to Retire From Talent Agency. 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[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. 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. Sign up for THR news straight to your inbox every day, Unique expertise on how the law impacts Hollywood pros, projects and processes. Sam Gores declined to elaborate beyond the memo. 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. 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. I like to move fast, and I like to work hard. The information you have is wrong, a spokeman said. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Deadline is a part of Penske Media Corporation. 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. Signup for Breaking News Alerts & Newsletters. 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. SGA acquired The Jack Fields Agency and changed its name to Gores/Fields. In an email to employees Thursday night, Paradigm Talent Agency chairman Sam Gores flatly denied a Los Angeles Times report that the company might be purchased by Creative Artists Agency. 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.. 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. Gores represented Academy Award-winning actor Philip Seymour Hoffman,[3] and was described as the most un-agent agent in the business because hes a human being first, by another one of his clients, Laurence Fishburne. 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 partnerships and beyond. Among the many other bombshells is an alleged and ultimately unsuccessful strong arming of Klein earlier this year. The move to bring in Rosenblum suggests that Sam Gores is considering a broader transaction for the agency. See Gores full announcement letter below. 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. Of course, not every venture can be a winner. Gores confirmed the investment from Crescent Drive, which is owned by investor Tom Gores, who already has a stake in the agency. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. 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. That reporter was from Forbes. Menu. 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. Maria Mercader, a CBS News veteran who worked for over 30 years as a reporter and talent director, died March 29 after testing positive for coronavirus. Paradigm Physician Service. 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. 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.. Subscribe to our newsletters View Michael Campos results in Brea, CA including current phone number, address, relatives, background check report, and property record with Whitepages. [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. 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. 331 S Brea Blvd Brea CA 92821 (281) 888-4103. Sadly, his father died of cancer shortly after the deal closed. Paradigm has one of the most prestigious music rosters in the industry and well-known music agents to match including Sam Hunt (who reps the likes of Diplo, Janet Jackson and Chromeo), Head of Global Music Marty Diamond (who reps Ed Sheeran, Coldplay, Sia, Lorde, Alessia Cara, Snow Patrol and more), Matt Galle (Machine Gun Kelly, T-Pain, Shawn Mendes, Halsey), Matt Meyer (Cash Cash, Tinashe, Halsey), Corrie Christopher Martin (Imagine Dragons, Janet Jackson) and Stephanie Miles (Idina Menzel, Jesse McCartney, Jojo), among many more. 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. 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 . They claim this was a without-paperwork agreement in effect since the start of 2020, borne out by the formers altered take-home pay. Gores is cited in the tales of unrewarded loyalty, repeated claims of his sexual dalliances with prostitutes hired with company money, corporate funds used as a personal piggy bank, a self-sabotaged big bucks deal for Paradigm to be bought by UTA and rampant sexism, among other allegations by one of his long time lieutenants. Phil Valentine, Right-wing radio host, died after more than a month-long battle with COVID. She claimed that Gores had recently fired his executive assistant, who confided in Klein about the prostitutes. By subscribing, I agree to the Terms of Use and Privacy Policy. [citation needed]. Heres how a family of Israeli immigrants became an American business dynasty. 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. 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. He did it for the kids, to make sure we have a better future.. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. 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 . THR has reached out to Paradigm for comment on the lawsuit. [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. He was also chairman of the Television Academy from 2012 to 2016. Your health care coverage has been extended through the end of June and we will There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. However, it wasnt a straight shot to success for the Gores boys, who have come to personify the archetypal American dream. 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. On this Wikipedia the language links are at the top of the page across from the article title. 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. But the blood was in the water after the initial layoffs. 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. 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. Popular Japanese comedian Ken Shimura, whose career spanned decades, died March 29 due to complications from the coronavirus. 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). "Knight Rider" and "Magnum P.I." 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. Bob Iger Calls for Disneys Return to the Office But Will Hollywoods Remote Workers Listen? 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. Even though she had been on Paradigms top tier for years, Klein says in the lawsuit that she only found out about the sex on the expense accounts scheme in early 2020, from a pink slipped executive assistant of the boss. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. ', 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'. The Brian Eno and Cocteau Twins collaborator was 84 years old. [3] Sam immediately went to work bagging groceries in an uncle's supermarket, and worked his way through high school as a butcher. Phone Numbers. But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. Strategically, the alliance planted a flag for Paradigm in London and, by extension, Europe and other international markets. Soon, there were thousands of layoffs and furloughs at UTA, ICM Partners,APA,CAAandWME. She was 54. EXCLUSIVE: It has been a rough couple of weeks for Paradigm since chairman/CEO Sam Gores initiated temporary layoffs of up to 200 staffers in the wake of the Hollywood shutdown by the coronavirus pandemic, followed by a salacious lawsuit against the agency by vet agent Debbee Klein, who was among those laid off. 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. 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. [3] Gores expanding his agency through acquisitions and mergers. The Hollywood Reporter is a part of Penske Media Corporation. Directions Advertisement. 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. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. A third fund debuted in 2011, aptly called Gores Capital Partners III. 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. Michael Gores, Soundtrack: Bad Moms. 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. The collapse of Paradigm after a brutal pandemic year means that the agency is unlikely to survive on its own once it completes the sale of its music assets to sports and media mogul Casey Wasserman announced earlier this week, industry insiders told TheWrap. When the Gores family left Israel for Detroit in 1968, they were just about broke. 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. Linda Torres, known as Angela Raiola's friend on VH1's reality series "Big Ang" and "Mob Wives," died of COVID-19 on April 1, 2021, following breast cancer surgery. 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. 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. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. 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. 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. See Gores full announcement letter below. Built from Indiana limestone and granite accented with stainless steel, it features a granite reflecting pool and three water sculptures by artist Eric Orr. He took a job at General Motors as a computer programmer, but hated it. Colin Powell, a former top military officer who rose to become the first Black Secretary of State under President George W. Bush, died on October 18, 2021 at age 84 of complications from COVID. 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 . Among the many other bombshells is an alleged and ultimately unsuccessful strong arming of Klein earlier year! A computer programmer, but hated it and, by extension, Europe and international! Agency and changed its name to Gores/Fields out to Paradigm for comment on the,... Blood was in talks to buy the agency decades, died March 29 due complications. We hear from them Israel for Detroit in 1968, they were just about broke the time to Gores/Fields London. Of 2020, borne out by the formers altered take-home pay, out. 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