Billionaire Tom Gores' investment vehicle has taken an ownership stake in Paradigm Talent Agency, led by his brother, chairman and founder Sam Gores
Billionaire Tom Gores' investment vehicle has taken an ownership stake in Paradigm Talent Agency, led by his brother, chairman and founder Sam Gores.
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. Paradigm has since expanded from books, film and TV representation to create brand partnerships, comedy, voice over and digital teams as well as financing content, including launching music label Big Picnic Records in 2013.
The agency has been subject to takeover or merger speculation in recent years. Last June, after rival United Talent Agency made a move to acquire Paradigm’s talent/literary and music divisions, Gores said that the decision was made to rebuff the offer and told staff that the bid represented “one of the largest talent agency transactions in the history of our business.”
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.
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