Creative Artists Agency has had exploratory discussions to buy Paradigm Talent Agency, according to two people familiar with the matter who were not authorized to comment.
The discussions began after Paradigm had shut down an acquisition effort last year by United Talent Agency, one of the sources said. At the time, Paradigm Chief Executive Sam Gores was not interested in selling his Beverly Hills agency.Although it’s unclear whether or how soon a deal might occur, buying Paradigm would give CAA an additional roster of high-profile music clients.
Paradigm, which has more than 700 employees, is known for its music representation business, with such clients as Ed Sheeran, Fergie and Idina Menzel. Paradigm represents Sheeran in U.S. and Canada, while CAA represents Sheeran in other countries.Representatives of CAA and Paradigm declined to comment.In an email to staff Thursday, Gores denied he had any plans to sell the agency.
He added: “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.”Like other agencies, CAA has moved to expand and diversify its business. Last year, for example, its sports division acquired Base Soccer Agency to boost its representation of athletes.
I read that as 'CIA' at first. It made the story more interesting.
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Source: Variety - 🏆 108. / 63 Read more »
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