Paradigm wont exist on its own after the sale of its music division.. A fired Paradigm agent has filed a breach of oral contract and whistleblower lawsuit that alleges CEO Sam Gores mismanaged the companys finances and made vast personal gains by running Paradigm as his personal piggybank., Debbee Kleins suit, filed at the Superior Court of California by Freedman, Taitelman, makes a number of incendiary allegations against Gores management of Paradigm, including that he kept his personal driver and chef on the payroll even as the agency fired staff, blaming the coronavirus pandemic, and that he was using the company expense account as a slush fund to pay for his sexual dalliances with prostitutes.. But the blood was in the water after the initial layoffs. MICHAEL GORES/SHAWN SCALLON. 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. [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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Get our latest storiesin the feed of your favorite networks. From the beginning, we have Advertisement. . 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. 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. Andrew Jack, a dialect coach who most recently was hired to work with Robert Pattinson on the new Batman movie, died March 31 of complications from coronavirus, TMZ reports. Heres how a family of Israeli immigrants became an American business dynasty. Then last September, 180 Paradigm staffers were permanently let go. There is no agreement to sell Paradigm, nor is any sale imminent, Gores wrote in an internal memo to his staff. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. 2023 Variety Media, LLC. See a problem? Chris Trousdale, a member of the boy band Dream Street, died of coronavirus complications on June 2. The deal is expected to close in Q2 2021, and the new companys name and configuration will be shared by Wasserman. Michael Gores Current Workplace Paradigm Talent Agency Location 8942 Wilshire Blvd, Beverly Hills, California, 90211, United States Description Read More Industry Management Consulting Business Services Discover more about Paradigm Talent Agency Org Chart - Paradigm Talent Agency Phone Email Michael Gores Agent Phone Email Phone Email Phone Email Stay safe, stay well, and well continue to be in touch and keep you informed regarding our efforts Deadline is a part of Penske Media Corporation. [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]. Claim this business (281) 888-4103. Bruce is an experienced and capable industry veteran. Variety is a part of Penske Media Corporation. Oslin, died Dec. 21. They effectively held him hostage.. She also leveled a series of allegations at Gores, claiming that he used company funds to pay for prostitutes for himself and others. The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys growth. . We want to hear from you! 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. 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. 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. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. 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. Harold Budd, ambient musician and composer for several Hollywood films, died from complications of the coronavirus, his manager said Dec. 8. Our desire is to help Sam Gores declined to elaborate beyond the memo. our temporarily laid off employees. Gores confirmed the investment from Crescent Drive, which is owned by investor Tom Gores, who already has a stake in the agency. 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. Menu. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. 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. 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. Paradigm has secured interim financing that will provide a bridge through this global crisis. 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. Last summer, Tom Gores and his investment company Crescent Drive Media also took an ownership stake in Paradigm. During the Flint water crisis, Tom pledged $10 million for relief efforts. 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. Variety and the Flying V logos are trademarks of Variety Media, LLC. The problem with Klein is that she is an abusive, brazen, and repugnant person who routinely clashed with others at Paradigm, the motion states. Though Gores himself isn't actually named as a defendant in Klein's initial complaint, the Paradigm repeatedly with tales of unrewarded loyalty, the claims of "his sexual dalliances with. 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.. Umberto has been covering the fanboy beat & breaking scoops for 20 years with numerous Hollywood trade, newspaper, & magazine mentions to his credit. 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. [6], In 2004, Paradigm acquired the literary firm Genesis and the Writers & Artists Agency. Alec, 15, was the oldest of the three. of you back as possible. Phone Numbers. wages until business picks up again. He was 61 years old. 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. 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. Tom, the youngest brother, started his career working for Alec at The Gores Group. They claim this was a without-paperwork agreement in effect since the start of 2020, borne out by the formers altered take-home pay. All Filters. 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. Subsequent to his time at Warner Bros., Bruce was President of Legendary Television and Digital Media from June 2013 through May 2016, and from September 2016 through June 2017 was President, Business Operations for the Disney / ABC Television Group, with direct oversight of advertising sales, global affiliate sales and marketing, digital media, strategy and business development, media operations, engineering and IT, and consumer insights. 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. Colin Powell is the latest notable person to die from complications of the illness. Paradigm also retains Warner Bros. vet Bruce Rosenblum as an adviser on growth and investment opportunities. 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. 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. 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. 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. 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. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. They will run music at the agency alongside Diamond. 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. She was 78. Ill contact you again on or before Friday with more information about the Employee Relief Fund. 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. All Rights Reserved. He was 86. He wrote on social media of his diagnosis on April 6, but he did not recover. friends, and families as we confront one of the most urgent health and economic challenges of 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. 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. The Hollywood Reporter is a part of Penske Media Corporation. [9][10] One employee filed a lawsuit, alleging serious misconduct from Gores including payoffs, prostitution and criminal misconduct. [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. 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. 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. Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and It always has been and always will be. 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. [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. 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. Herman Cain, the former CEO of Godfather's Pizza who sought the Republican nomination for president in 2012, died July 30 from complications of the coronavirus. All Rights Reserved. In January 2014, Paradigm acquired a 50% stake in the London-based Coda Agency. provide extended benefits, comfort, and assistance as we prepare for this pandemic to end and When 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. Eventually, Gage brought Gores on staff. [6][18], Gores is father to three children and grandfather to five grandchildren. SIGN UP FOR OUR FREE DAILY NEWSLETTER, FIRST TAKE, Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut, Paradigm President Greg Bestick to Retire From Talent Agency, died from complications of the coronavirus. Eight years later, he sold the company, which employed more than 200 people, for $2 million. That means that unlike many Paradigm agents cut loose last month with no severance, and health care that now terminates in June, Klein isnt held to having Paradigms obligations to her altered or shifted status excused because of unforeseen conditions or circumstances beyond either parties control. 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. To leave the agency alongside Diamond the new companys name and configuration will be shared by Wasserman million! Who already has a stake in the office had caused several other employees to leave the agency subscribe to Breaking... 6, but he did not recover, who already has a stake in the agency relief.... Coronavirus, his manager said Dec. 8 firm Genesis and the Writers & Artists agency agreement to sell,., he sold the company, which employed more than 200 people, for $ 2.. 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