TWO TWELVE IN THE PRESS
PARADIGM PARENT ACQUIRES TRIO OF REP BUSINESSES, FORMS PARADIGM MEDIA ENTERTAINMENT
Paradigm Entertainment said Wednesday that it has acquired BEST, a group of three management and marketing companies focused in the worlds of broadcast news, culinary and on-air media personalities. The new acquisitions will be housed in the newly created arm Paradigm Media Entertainment, which is majority owned by Paradigm Entertainment, which also has a majority interest in Paradigm Talent Agency. Those two lines of business will now work together to service clients’ entertainment, publishing, brand partnership, and news-media services needs.
No other terms of the deal were announced.
The deal for the trio of companies — Napoli Management Group, Two Twelve Management & Marketing and 3 Kings Entertainment — was struck with BEST owner private-equity firm Blue Equity. Paradigm Media Entertainment’s entertainment, broadcasting and marketing businesses will be headed by Napoli Management Group’s Mendes J. Napoli, Two Twelve’s Scott Feldman and 3 Kings’ Matthew Kingsley. Paradigm Entertainment and Paradigm Talent Agency founder and executive chairman Sam Gores will continue to be a shareholder. Jonathan S. Blue and Edward H. Harrison III of Blue Equity will remain on as advisors.
Read the Deadline.com Article HERE.