PARADIGM NOT FOR SALE (UPDATE)

Paradigm Talent Agency head Sam Gores has refuted an L.A. Times story that CAA was exploring acquiring Paradigm.

"We are not for sale, nor are we selling the agency," Gore wrote in an email to staff.

According to the LA Times, the two companies have allegedly had "exploratory discussions" following the failed Paradigm-UTA merger last year.

The Times added that CAA is interested in Paradigm's high-profile music roster, which includes Ed Sheeran, Billie Eilish, Coldplay, Eminem and Kacey Musgraves, among others.

Per a report in Variety, Gores sent out the following email:

Dear Colleagues:

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 standoff, 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.

Sam