Friday, January 31, 2020
In an email to employees Thursday night, Paradigm Talent Agency chairman Sam Gores denied a Los Angeles Times report that the company might be purchased by Creative Artists Agency.
According to the LA Times, CAA has been conducting “exploratory discussions” to purchase Paradigm, discussion that began after Paradigm rebuffed an attempt in 2019 by UTA.
Representatives for Paradigm and CAA declined to comment, but in the email, confirmed as authentic by individuals with knowledge of the situation, Gores said the company isn’t for sale. “As I have said before, we like the independent and successful path we’re on,” Gores said in part. “Our focus continues to be growing Paradigm and providing the best possible opportunities for our colleagues, our artists and the art that they create.”
Read the full letter below:
I want to address a recent press report suggesting the potential sale of Paradigm. Let me state emphatically – we are not for sale, nor are we selling the agency.
As many of you are aware, the influx of private equity into talent agencies and the WGA stand-off, among other factors, are pushing agencies to pursue strong, diversified companies such as Paradigm.
As I have said before, we like the independent and successful path we’re on. Our focus continues to be growing Paradigm and providing the best possible opportunities for our colleagues, our artists and the art that they create.
Let’s ignore the chatter and idle speculation and stay focused on the important work at hand. I look forward to seeing you at Town Hall on Monday.
Source: the wrap feed