Mike Fleming

Paradigm owner Sam Gores just issued this internal memo about the addition of Electronic Dance Music to its music touring business. Below is the Gores memo, followed by the formal announcement:

I’m pleased to announce that AM Only, the largest and most respected Electronic Dance Music agency in the industry is joining the Paradigm family effective today. I want to personally welcome Paul Morris, the head of AM Only, and his talented team to Paradigm. Paul and his team personify the values that we hold dearly at Paradigm and we could not be prouder to be partnering with them.

This is another significant milestone for Paradigm. Electronic Dance Music is the fastest growing genre in the touring business and already a multi-billion dollar industry worldwide. I also want to thank Chip Hooper, Marty Diamond and Greg Bestick for the great work they did to make this significant deal a reality for us.

AM Only will keep their name and continue to operate out of their Brooklyn, NY offices. Paul Morris and his agents will be joining us at the next Paradigm Now meeting this coming Tuesday, January 17th and we will give you more details at that time. You can learn more about them at www.amonly.com

Thank you

Sam

And here is the release:

January 12, 2012 (Beverly Hills and New York)–Paradigm and AM Only, the premiere Electronic Dance Music agency, announced today that the two agencies are coming together.
The deal makes great strategic sense for both agencies as Paradigm puts itself into the burgeoning Electronic Dance Music business in a significant way, further defining the agency as an industry leader in music, while AM Only and its artists, who include many superstar DJ’s, will now have access and representation throughout the entire media and advertising spectrum including music, television, motion pictures, theatre, publishing, branding, commercials and endorsements.
AM Only will continue to operate from their Brooklyn, NY headquarters.
“I feel an affinity for the entrepreneurial spirit that Paradigm embodies,” said Paul Morris, CEO of AM Only. “Our clients operate within one of the hottest and fastest growing areas of music and we wanted a partner who had the knowledge and resources to help us take our clients’ careers to even greater levels of success. The reputations and track records of the Paradigm music executives and its chairman, Sam Gores, impressed me and made clear that they would be outstanding partners in this task.”
“We’re delighted to be joining forces with Paul Morris and AM Only” said Chip Hooper, Head of Paradigm’s Music Division. “They are long time leaders in this genre and they represent their clients with class and integrity.”
“This is a great fit for both of us,” said Marty Diamond, Head of East Coast Music for Paradigm. “Paul Morris and AM Only represent tremendous artists and we believe this new partnership will have significant benefits for everyone.”
“We have an extremely successful pattern of integrating cultures and businesses, allowing highly successful people to keep their strong identities and personnel intact and in every case this has led to substantial growth,” said Sam Gores, Paradigm Chairman and CEO.