For the second time in seven months, Paradigm CEO Sam Gores has declared that he is not selling his agency
.report Thursday afternoon that Paradigm had held "exploratory discussions" with CAA, Gores sent a companywide email a few hours later to set the record straight: "Let me state emphatically – we are not for sale, nor are we selling the agency."
Rumors that Paradigm is on the market have been flying around agency world for years, intensifying amid the climate of private equity growth and instability from the ongoing WGA conflict. after resistance from his staff.
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.
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