Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut

WAXWORD

”It’s a f—ing war zone,“ one insider tells TheWrap

As the threat of the coronavirus rose in late March, Paradigm Talent Agency CEO Sam Gores cut the salaries of agents in the coveted music department by 50% — but reinstated them in full after several top agents protested and the agency raised emergency funds, multiple individuals told TheWrap.

Gores met with the agency’s music department on March 20 after it became clear that concerts were likely to be shut down for the foreseeable future, according to one agency insider. Gores told the agents he’d be cutting their pay in half, citing the threat to live entertainment of a pandemic-related shutdown.

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Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times. Twitter: @sharonwaxman

Beatrice Verhoeven

Film Editor, Twitter: @bverhoev