Sam Gores’ brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agency’s CEO Sam Gores announced in a letter to employees Thursday, obtained by TheWrap.
The move is a financial step to aid Paradigm in weathering the coronavirus crisis but also to “invest in future growth,” Gores’ letter reads.
The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studio’s TV group, as an advisor on the agency’s growth. “I want to thank everyone for their dedication, hard work and continued focus on serving our clients and agency and helping to position our company for a strong future,” Gores said. “With an expanded ownership team, financial stability and creative
Read more on thewrap.com
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