Paradigm confirms Wasserman acquisition in North America
The long-rumoured tie-up between Paradigm and Casey Wasserman's agency has been agreed in North America
News By IQ | 18 March 2021
Ending nearly a year of speculation, Paradigm Talent Agency has confirmed it has reached an agreement in principle to sell its music business in North America to Casey Wasserman’s Wasserman group.
The deal, which IQ reported earlier this month was close to completion, will see Wasserman take over Paradigm’s profitable music assets, as the agency seeks to raise funds amid the ongoing shutdown of all international touring.
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Wasserman, a sports agency which manages a reported US$4.2 billion worth of contracts for athletes, sports broadcasters, team coaches/managers and others, has been in talks with Paradigm since at least last summer. It is understood the former Paradigm music business will sit as a semi-independent operating unit under Wasserman, likely named Wasserman Music.
Paradigm founder…
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