PARADIGM PREPARES FOR TEMPORARY LAYOFFS

According to multiple sources, Paradigm is expected to issue temporary layoffs due to the impact of the Coronavirus pandemic.

Chairman/CEO Sam Gores reportedly informed staff of the impending turnover on a company-wide conference call Friday morning. While he did not specify which departments would be affected by the layoffs, it's likely that Music will bear the brunt of the downsizing following the postponement of all events scheduled for the next few months.

Stay tuned for more details.