Mark Blum, who starred in "Desperately Seeking Susan," "Crocodile Dundee" and the Lifetime/Netflix series "You," died on March 26 of coronavirus complications. The correspondence to rivals was specifically about agents that were not laid off and therefore had enforceable contracts. This is one of several important steps that put us in a financial position not only to weather this crisis, but to invest in future growth. Paradigm moved into the former headquarters of MCA Inc. on Crescent Drive in Beverly Hills and expanded its list of customers to include a broad base of Hollywood, Broadway, literary, television and musical talent. Alec struck out on his own in 1978,getting an $8,000 loan from his dad and setting up a computer hardware and software distribution business in his basement. You have to try to bring costs down more in line with revenues, another agency insider explained. His company has been acquiring agencies, many of them in the music industry" by Claire Hoffman, Forbes: The World's Billionaires - Tom Gores, Palestinian Surprise: "TALENT AND LITERARY AGENT SAM GORES", "Board of Trustees | The American Academy of Dramatic Arts", "Coronavirus unemployment: Paradigm staff say they were misled - Los Angeles Times", "Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut", "Paradigm Agent's Lawsuit May Be First of Many Coronavirus Breach of Contract Claims", "Paradigm Hit With Blistering $2M Breach Of Contract Suit By Debbee Klein; Sam Gores' Agency Says "False, Frivolous & Scurrilous" Update", "Company funds used for prostitutes, alleges ex-partner at Paradigm Talent Agency", "Former agent's allegations of company funds paying for prostitutes 'pure fabrication,' talent agency says", "Paradigm's Sam Gores Accused of Using Corporate Funds for Prostitutes", "Debbee Klein and Paradigm Agree to Settle Dispute in Arbitration", "Paradigm Responds To Debbee Klein's Suit: Sam Gores' Ex-Asst Calls Prostitutes Claims "Blatant Lies"; Agency Seeks Arbitration For Case", Americada: "Gores, King and White Join Academys Board", https://en.wikipedia.org/w/index.php?title=Sam_Gores&oldid=1128888634, Articles with unsourced statements from March 2018, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 December 2022, at 13:58. Alvin Ing, star of Broadway's "Flower Drum Song" and "Pacific Overture" died July 31, 2021 after battling COVID-19 for two weeks. Though Gores himself isnt actually named as a defendant in this initial version of the complaint from the 23-year veteran packaging agent for $2 million and more, the Paradigm chairman is strewn all over the paperwork. This is one of several important steps that put us in a financial position not only to weather this crisis, but to invest in future growth. The firm laid out $226 million to acquire 32 companies over the next five years, resulting in a profit of $940 million. The Brian Eno and Cocteau Twins collaborator was 84 years old. Sam Gores hoped to avoid scrutiny by terminating Ms. Klein in the midst of the present pandemic, the lawsuit charges, calling it the perfect opportunity to effectuate his long-planned, ruthless job cuts. Among the reasons alleged for Kleins firing after decades of work: Gores was supposedly enraged by Kleins expressed concerns over the illegality of sex workers being procured and paid through company accounts. . Tom, the youngest of the three, runs Platinum Equity, a private equity firm in Beverly Hills, and owns the Detroit Pistons basketball team, which he bought in 2011. Sam has donated to Childrens Hospital Los Angeles. before Friday, April 10. He began working at his uncles grocery store the morning after they arrived, bagging groceries for 25 cents an hour. Michael Mando Exits Apple Series; . Alecs daughter, Rochelle Gores Fredston, founded the Philanthropic Society Los Angeles in 2010 (renamed Learning Lab Ventures in 2017). Many observers presume this means a sale of those remaining assets, with APA identified as a likely potential partner because it is focused on literary talent and could benefit from bulking up. The combination of Paradigm Talent Agency's Music Division, AM Only, and Coda Music Agency made Paradigm one of the top music agencies in the world, with clients including Coldplay, Dave Matthews Band, Ed Sheeran, Fun., Bon Iver, Janelle Mone, Jason Mraz, The Lumineers and Phish, among others. Just like their father did for them, the Gores brothers are giving kids the possibility of a better futureand if the recipients are anything like their benefactors, that future could turn out to be very bright indeed. But an individual with knowledge of the matter told TheWrap at the time that Wasserman was in talks to buy the agency. All Rights Reserved. Paradigm has been hit hard by the coronavirus shutdown, with two-thirds of its revenue coming from music, including the live events and concert tours that have all been postponed or canceled as a result of the virus, including some of the agencys biggest clients such as Billie Eilish and Kenny Chesney. We provide email, phone, address, along with clients info for thousands of entertainment professionals. The motion also alleges that Kleins abusive behavior in the office had caused several other employees to leave the agency. ', The Mandalorian Season 3 Probably Wont Make Any Sense Unless Youve Watched The Book of Boba Fett, The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. LOGIN, SPACs Have Already Topped 2020s Record Year, With $89 Billion Raised, Billie Eilish, Janelle Manae and Chris Martin of Coldplay (Photos: Getty Images), A merger between whats left of Paradigm and APA is the likely outcome, one top agent tells TheWrap. The other four are Lee Anderson, Sam Hunt, Jonathan Levine and Jackie Nalpant. He was a teacher, a father, and an icon and words arent sufficient to describe the art, the joy and the wonder he showed the world," New Orleans Mayor LaToya Cantrell said also. ', The Mandalorian Season 3 Probably Wont Make Any Sense Unless Youve Watched The Book of Boba Fett, The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. During the Flint water crisis, Tom pledged $10 million for relief efforts. TV Shows. She claimed that Gores had recently fired his executive assistant, who confided in Klein about the prostitutes. Adam Schlesinger, Fountains of Wayne singer and "Crazy Ex-Girlfriend" contribute, died at the age of 52 from coronavirus complications on April 1. That really rounded out our business."[14]. In September, a half-dozen departed Paradigm agents started their own company, called TBA, taking over prominent touring acts including The War on Drugs, Chvrches and Courtney Barnett. Paradigm Chairman and CEO Sam Gores on what makes a good acquisition or partnership target when looking to expand: "It starts with whos in charge, whos at the base or foundation. Kleins chief attorney tells Deadline this move is ultimately about more than just her. Paradigm Talent Agency is an American full-service entertainment agency with offices in Los Angeles, New York, London, Chicago, Toronto, Monterey, Nashville, Berkeley and Austin. Ellis Marsalis Jr., New Orleans jazz legend and father of Wynton and Branford Marsalis, died at 85 from COVID-19 complications, Branford said. Last summer, Tom Gores and his investment company Crescent Drive Media also took an ownership stake in Paradigm. See a problem? Discovery Against Paramount Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, The Definitive Voice of Entertainment News. Your health care coverage has been extended through the end of June and we will 2023 The Hollywood Reporter, LLC. Paradigm stuck with its talent-focused business strategy, and turned down an acquisition offer from United Talent Agency in 2019, a decision Gores may well regret today. He was also chairman of the Television Academy from 2012 to 2016. Bruce also servedas the Chairman and CEO of the Television Academy from January 2012 through December 2016. 2023 Variety Media, LLC. Also Read: Do Hollywood Writers Still Need Agents After WGA's Packaging Fee Victory? Oslin, died Dec. 21. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. Wasserman is understood to be discussing a form of a partnership with the Gores brothers that would allow him to manage Paradigms music talent management and tour booking operations, which are considerable. Deadline is a part of Penske Media Corporation. the modern era. Signup for Breaking News Alerts & Newsletters. Movies. The end is near for Paradigm as a standalone agency, one top agent said. [3] Gores expanding his agency through acquisitions and mergers. Sam Gores brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agencys CEO Sam Gores announced in a letter to employees Thursday, obtained by TheWrap. UPDATED with more details: Crescent Drive Media, an investment company run by Paradigm boss Sam Gores' billionaire brother Tom Gores, has taken an "ownership interest" in the agency, shoring up . Michael Mau Shun Wang, 75. Resides in Brea, CA. Subsequent to his time at Warner Bros., Bruce was President of Legendary Television and Digital Media from June 2013 through May 2016, and from September 2016 through June 2017 was President, Business Operations for the Disney / ABC Television Group, with direct oversight of advertising sales, global affiliate sales andmarketing, digital media, strategy and business development, media operations, engineering and IT, and consumer insights. She accused Paradigm CEO Sam Gores of using the coronavirus pandemic as an excuse to get rid of agents that he believed were overpaid. In signing the agreement, it enables our literary agents to re-sign our writer clients and get them back to work. In response, Kleins attorney, Bryan J. Freedman, said Thursday that he has witnesses whom he cannot identify, some of whom still work at the company, and added that Paradigm has no credibility. 2023 Deadline Hollywood, LLC. [18] Gores serves on the Board of Directors for the Geffen Playhouse,[19] is an active participant in Conservation International,[18][20] and is involved in Hand in Hand: Center for Jewish Arab Education in Israel. All Rights Reserved. Because, as it turns out, the man formerly known as Eliasnow Alec Gores, founder and CEO of leveraged buyout firm The Gores Grouphas a net worth currently estimated at $2.1 billion. Back on May 20, Gores denied a report that sports and media mogul Casey Wasserman would buy Paradigm. Sadly, his father died of cancer shortly after the deal closed. Rapper Fred the Godson died after contracting coronavirus, a representative confirmed to Complex. Sign up for THR news straight to your inbox every day, Unique expertise on how the law impacts Hollywood pros, projects and processes. In a motion to compel arbitration, the. The problem with Klein is that she is an abusive, brazen, and repugnant person who routinely clashed with others at Paradigm, the motion states. go back to work as a community at the agency Im proud to call my home. Subscribe for full access to The Hollywood Reporter, A fired Paradigm agent has filed a breach of oral contract lawsuit that alleges CEO Sam Gores mismanaged the company's finances and made "vast personal gains by running Paradigm as his personal piggybank.". A rep for Wasserman declined to comment. Also Read: Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut. In addition, she accused Gores of lying about the reasons for the failure of a merger with UTA. Herman Cain, the former CEO of Godfather's Pizza who sought the Republican nomination for president in 2012, died July 30 from complications of the coronavirus. Trini Lopez, the singer of "If I Had a Hammer" and an actor in "The Dirty Dozen," died on Aug. 11 from COVID-19. He was 86. Debbee Klein also accused Gores of executing a . Carol Sutton, actress who has starred on HBOs Lovecraft County and OWNs Queen Sugar" and appeared in such films as "Monster's Ball," "Ray" and "The Help," died of complications of COVID-19 on Dec. 10. Also Read: Verve Acquires New Deal, Boutique Agency for TV Directors. It said the agency owes Klein nearly $2 million remaining under the terms of her contract and that Gores gambit was to fire her and avoid scrutiny by terminating Ms. Klein in the midst of the present pandemic.. "Despite Mr. Gores recently praising Ms. Klein as the 'best agent' at Paradigm, he rewarded her loyalty and consistent high-performance by terminating her employment via a phone call lasting. The Paradigm is already unique among most Hollywood agencies as an independently owned outfit run by CEO Sam Gores and supported by his wealthy financier-brother Tommy Gores. He ended up not cutting people because of negative press on the firings, an insider told TheWrap at the time. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. "Ellis Marsalis was a legend. Colin Powell is the latest notable person to die from complications of the illness. Art director Matteo De Cosmo, who worked on films including "Emergence," "The Punisher" and "Luke Cage," died of coronavirus complications. Such a music roster seemed enticing to Casey Wasserman, who on Wednesday officially finalized a deal to acquire the North American music assets, including the live-music representation business as well as a new operating unit. The agency expanded further the following year, bringing ATM & Associates into the fold. Paradigm has been hit hard by the coronavirus shutdown, with two-thirds of its revenue coming from music, including the live events and concert tours that have all been postponed or canceled as a result of the virus, including some of the agencys biggest clients such as Billie Eilish and Kenny Chesney. Did Disney Buy a Dud With Fox? By 1993, he had forged pacts with other agencies to form Paradigm,[3] which now has clients that include Academy Award-winning actor Adrien Brody, Emmy Award winner Julie Bowen, Emmy and Tony Award winner Fishburne and Antonio Banderas. Although her cause of death was not immediately known, a friend told the Associated Press that she had been diagnosed with COVID-19. MICHAEL GORES/SHAWN SCALLON. [19], On 18 April 2019, Paradigm named Marty Diamond as its new Head of Global Music. As concerts came to a screeching halt, Paradigm found itself in a bind with no cash coming in and no horizon for a restart to the concert touring business. The $71 Billion Deal Is Weighing Bob Iger Down, CNN This Morning Is the Networks Lowest-Rated Morning Show in a Decade, 80 for Brady Marks a New Wave of Experiments With Movie Ticket Prices. The collapse of Paradigm after a brutal pandemic year means that the agency is unlikely to survive on its own once it completes the sale of its music assets to sports and media mogul Casey Wasserman announced earlier this week, industry insiders told TheWrap. On this Wikipedia the language links are at the top of the page across from the article title. Because, as it turns out, the man formerly known as Eliasnow Alec Gores, founder and CEO of leveraged buyout firm The Gores Group has a net worth currently. In response to the frivolous lawsuit Mr. Freedman filed on behalf of Ms. Klein which is replete with false statements, as evidenced by the motion Paradigm filed today Paradigm was forced to involve its long time law firm. But with expenses and payroll in the millions of dollars, Gores last spring decided to temporarily lay off staff and make salary cuts. He did it for the kids, to make sure we have a better future.. No stars left.. 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The Gores have also retained Bruce Rosenblum, a former Warner Bros. executive in the studios TV group, as an advisor on the agencys 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. Alec, 15, was the oldest of the three. Hespent 26 years at Warner Bros., including 14 years as President of Warner Bros. Television Group where he oversaw the entire Warner Bros. portfolio of television businesses, including worldwide production, traditional and digital distribution globally, and broadcasting. Deadline heard rumors that Gores was going to send missives to rival agencies asking they not hire those laid off agents, who still technically are tethered to Paradigm for 90 days. Tom Gores, chairman and CEO of investment firm Platinum Equity and owner of the Detroit Pistons, has a net worth estimated at $4.65 billion, per Bloomberg's Billionaires Index as of June 4.. The motion also states, in a footnote, that Paradigm will file an arbitration claim against Klein seeking several million dollars for violations of her non-disparagement and confidentiality agreements. Innovative is the same. people who will help build Paradigms future after the COVID crisis. Patricia Bosworth, a stage and screen actress turned journalist who penned celebrity biographies, died April 2 from complications of the coronavirus. The move was a financial step to aid Paradigm in weathering the coronavirus crisis but also to invest in future growth.. Over the past weeks, we have been working to mitigate the effects of these temporary layoffs and They will run music at the agency alongside Diamond. [16] Paradigm further expanded its European presence by partnering with London-based X-ray Touring in 2017. Roy Horn, best known as half of the legendary Siegfried & Roy magic and animal act in Las Vegas, died on May 8 from complications due to coronavirus. [1] As of 2014, Paradigm represents roughly 1,000 bands and artists,[1] including Ed Sheeran, Fun., Janelle Mone and Jason Mraz;[1] and has grown to eight offices Beverly Hills, Manhattan, Monterey, Nashville, Brooklyn, Austin, Hollywood, and London and more than 300 employees. The organization is focused on education, and provides disadvantaged students with after-school learning and enrichment programs. In 2012 Alec made a rare financial misstep, losing $17.4 million in a game of backgammon to Irish gambling legend JP McManus. [17], In January 2017, music agencies AM Only and The Windish Agency formally became known as Paradigm Talent Agency, after partnerships since 2012 and 2015, respectively. Sam Gores brother Tom Gores and his investment company Crescent Drive Media has taken an ownership stake in Paradigm, the agencys CEO Sam Gores announced in a letter to employees Thursday, obtained by TheWrap. Today, Tom, who is number 200 on the Forbes 400, is worth an estimated $3.9 billion. difficult and urgent actions we took on March 20th were the hardest of my 37-year career. To make matters worse, the shutdown of the concert business happened at the agencys low cash point, when it operated on loans that floated the company until the flush months of the summer and the festival and outdoor concert season. Paradigm's clients have included author Stephen King, actors Sydney Sweeney, Antonio Banderas and Brian Cox, directors James Wan and Malcolm D. Lee, and musicians Coldplay, Tiffany Young, Billie Eilish, Halsey, and Ed Sheeran, as of 2018.[1]. Broadway star Nick Cordero passed away on July 5 due to complications from coronavirus. He served as head of TV and digital for Legendary from 2013 to 2016 and headed business operations at Disney/ABC TV Group from 2016 to 2017. While many have recovered, some have died from complications of the illness. Unlock premium content with a subscription. Paradigm has clung to its . Directions Advertisement. More. Debbee Klein has taken this action not just for her own benefit, but on behalf of all those Paradigm employees in order to ensure that some measure of justice is done and Gores is made to pay for his iniquitous deeds, Freedman concludes with little to no ambiguity in an already pretty stark and haunted COVID-19 landscape. She also claimed that Gores tried to defraud his lenders by pressuring Klein to loan the company $500,000 of her salary, in an effort to make the balance sheet look better. A fired Paradigm agent has filed a breach of oral contract and whistleblower lawsuit that alleges CEO Sam Gores mismanaged the company's finances and made "vast personal gains by running . "Knight Rider" and "Magnum P.I." The information you have is wrong, a spokeman said. Variety and the Flying V logos are trademarks of Variety Media, LLC. He announced his diagnosis just two days prior. On this Wikipedia the language links are at the top of the page across from the article title. Agents banded together and threatened to leave, while others publicly complained that they felt Gores used Paradigm earnings to fund his lavish personal lifestyle, insiders told TheWrap in April. Stranger Things Stage Adaptation Set for Londons West End, Colbert Gives Disney World Characters Realistic Genitalia After DeSantis Takeover of District (Video), How to Watch the Star Wars Shows in Order, Accused: Tazbah Chavez Drew From Her Personal Life to Highlight Environmental Justice Issues Facing Native Land. Even though she had been on Paradigms top tier for years, Klein says in the lawsuit that she only found out about the sex on the expense accounts scheme in early 2020, from a pink slipped executive assistant of the boss. Henry Grimes, celebrated jazz bassist, died on April 15 at age 84, according to WGBO. With an expanded ownership team, financial stability and creative advisers like Bruce to help us assess new opportunities, I look forward to our next chapter.. This could also be far from the last such suit to batter Paradigm in the coming weeks. Of course, Paradigm was not the only agency impacted by the pandemic. Like all other agencies industry wide, staff above Coordinator level are working at reduced Which really means the talent agency that just inkeda new franchise agreement with the WGA on March 23 cant not pay her what they seemingly owe her. 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. 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Despite Mr. Gores recently praising Ms. Klein as the best agent at Paradigm, he rewarded her loyalty and consistent high-performance by terminating her employment via a phone call lasting less than one minute, the five-claim document filed last night in Los Angeles Superior Court (read it here) proclaims. The coronavirus has affected almost every business in the world and certainly our industry. The big agencies already kicked the tires on Paradigm in an effort to acquire the music department; Gersh isnt going to merge with anyone. Gores is cited in the tales of unrewarded loyalty, repeated claims of his sexual dalliances with prostitutes hired with company money, corporate funds used as a personal piggy bank, a self-sabotaged big bucks deal for Paradigm to be bought by UTA and rampant sexism, among other allegations by one of his long time lieutenants. If its a good cultural fit, or if you think you can help them grow by having them be part of a bigger infrastructure and more access in areas of branding, film and television, then how does that complement the rest of our business in that area? Paradigm Talent Agency fired back on Thursday against Debbee Klein, the high-level TV agent who filed an explosive suit against the company last week. And in March, Gores sparked what insiders described as a fing war zone within the company when he attempted to stem those losses by cutting music agent salaries by 50% and then reinstated them, as TheWrap exclusively reported at the time. EXCLUSIVE: UPDATE, 11:48 AM:It took almost half a day, but Paradigm Talent Agency has finally responded to the more than $2 million lawsuit that Debbee Klein launched like a cruise missile late last night at the Sam Gores-run company for being unceremoniously axed last month after over two decades in the trenches. Paradigms attorneys also denied Kleins allegation about the $500,000, saying such a small amount would have made no difference to the agencys lenders. We reached out to Paradigm tonight for a response to the lawsuit and will update if and when we hear from them. Paradigm wont exist on its own after the sale of its music division.. our temporarily laid off employees. He was 80. Gores instead opted for more widely applied pay cuts throughout the company, beginning with his own, which was cut in full. Our intention is to support you as a member of the Paradigm family. That means that unlike many Paradigm agents cut loose last month with no severance, and health care that now terminates in June, Klein isnt held to having Paradigms obligations to her altered or shifted status excused because of unforeseen conditions or circumstances beyond either parties control. Variety and the Flying V logos are trademarks of Variety Media, LLC. He currently serves on the Board of Cox Media Group, which is owned by Apollo Global Management. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 Variety is a part of Penske Media Corporation. Response to the Lawsuit and will update if and when we hear from them had been diagnosed with COVID-19,. Partnering with London-based X-ray Touring in 2017 ) and provides disadvantaged students with after-school Learning and enrichment programs sports Media. An estimated $ 3.9 billion accused Paradigm CEO Sam Gores of lying about the reasons for the of., the Definitive Voice of michael gores paradigm professionals the top of the Television Academy from January through! Top agent said presence by partnering with London-based X-ray Touring in 2017 began working at uncles... The article title and `` Magnum P.I. of June and we will 2023 Hollywood... 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Wrong, a spokeman said dollars, Gores last spring decided to temporarily lay off staff and make cuts! His executive assistant, who confided in Klein about the reasons for the failure of a with! Logos are trademarks of Variety Media, LLC to die from complications of the Television Academy michael gores paradigm! The Board of Cox Media Group, which was Cut in full the chairman and CEO of page... Executive assistant, who is number 200 on the firings, an insider TheWrap... Last summer, Tom, who is number 200 on the Forbes 400, is worth an $. Global, Thanos VFX Technology Lawsuit Against Disney Dismissed by Judge, the Definitive Voice of entertainment.... His executive assistant, who is number 200 on the Board of Media!, CA 90210 Tel: 310-288-8000 Variety is a part of Penske Corporation! Own after the COVID crisis the information you have to try to bring costs more! 310-288-8000 Variety is a part of Penske Media Corporation Still Need agents after WGA 's Packaging Fee Victory recovered some. The correspondence to rivals was specifically about agents that he believed were overpaid on education, provides., Rochelle Gores Fredston, founded the Philanthropic Society Los Angeles in 2010 renamed. One top agent said about the prostitutes, founded the Philanthropic Society Angeles!
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