Paradigm has established itself as a buyer, slowly but steadily growing the agency over the years. Its latest move is the acquisition of a 50% stake in the UK’s Coda Music Agency. The partners already have had a longstanding relationship and the new joint venture will see the two agencies pool expertise and resources on a global basis. Coda, founded in 2002, represents more than 500 artists and DJs including singer-songwriter Emeli Sande, indie pop band The XX, Grammy winners Bon Iver, electronic quartet Rudimental, alt rock group Imagine Dragons and Brit Award nominees Bastille. Coda’s current partners are Rob Challice, Tom Schroeder, Alex Hardee, Dave Hallybone and James Whiting with managing director Claire Horseman. “Our passionate, hands-on approach to our work and the way we run our business is not going to change at all,” Challice said.
Related: Paradigm Hires Manny Nunez; At CAA He Spearheaded DreamWorks-Reliance Deal
Paradigm, with its banking relationships, has been methodically making moves to build itself either by picking up top talent or through measured investments. It also doesn’t hurt that Sam Gores’ brothers, Tom and Alec Gores, are billionaires, well-versed in monied acquisitions and can help advise. If you look at the past few years, you can see the method that Paradigm has employed. The Coda deal follows a number of others over the past several years to beef up its music roster, which already is impressive with such talent as Coldplay, The Dave Matthews Band, Toby Keith, Fun, Aerosmith, O.A.R., and Toby Keith.
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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
And here is the release: Read More »
EXCLUSIVE: Paradigm has landed Rand Holston, the 28-year CAA veteran agent who exited that agency late last month. Holston will bolster the motion picture lit and financing departments and gives Sam Gores’ agency a well established dealmaker who played on a high level as a film agent at CAA. For Paradigm’s motion picture business, Holston is the highest-profile addition since Paradigm got close in courting the late Ed Limato when he left ICM, only to see that iconic dealmaker choose WME as a landing place for himself and his star clients.
At CAA, Holston had a strong list of writer and director clients, and the immediate question will be who stays and who goes. That list includes Stephen King, Rob Reiner, Wolfgang Petersen, Robert Towne, John Moore, Marshall Herskovitz, Jordan Kerner, Ed Zwick, Jim Ivory, Bruce Robinson and Jon Avnet. There will be a chase for those clients, and Holston’s impact will be partly measured by which ones stay with him. But he will also put Paradigm in the conversation for signings and business they might not otherwise have had a shot at in the past. Read More »