You will be redirected back to your article in seconds

Paradise lost with SAG/AFTRA strike

Revs climb to $6.3 mil, but company pink slips 33 to cut costs

Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations.

In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to $6.3 million from last year’s $1.9 million, while it posted a quarterly net loss of $2 million as opposed to a loss of $1.5 million in the year-previous period — the multimedia firm unveiled a series of cost-cutting measures.

Measures include trimming 33% of Paradise’s work force (33 jobs lost), companywide voluntary salary and compensation package decreases and merging the offices of its Straw Dogs and Shelter Films commercial production units.

More Biz

  • Manuela Herzer

    Manuela Herzer Cites CBS-NAI Fight in Renewed Bid for Sumner Redstone Competency Ruling

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • A trading post sports the Spotify

    Sony Music's $750 Million Spotify 'Windfall' Leaves Some Lingering Questions

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • Harvey Weinstein, with his attorney Benjamin

    Harvey Weinstein's Attorney Blasts Asia Argento's 'Hypocrisy'

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • Asia Argento arrives for the screening

    Asia Argento Is Not Facing Sexual Abuse Investigation

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • Rose McGowan Asia Argento

    Rose McGowan on Asia Argento Accusation: 'My Heart Is Broken'

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • Actress Asia Argento speaks about being

    Asia Argento Settled With Sexual Assault Accuser Last Year (Report)

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

  • Music Streaming Revenue placeholder

    Check's in the Mail: Sony Music Disburses $750 Million to Artists in 'Spotify Windfall' (EXCLUSIVE)

    Having weathered the suicide of ex-CAA agent-turned-company prexy Jay Moloney and celebrity investment adviser Dana Giacchetto’s fiscal chicanery, Paradise Music & Entertainment now finds itself buffeted by the SAG/AFTRA strike, which has affected performance of its commercial production operations. In addition to releasing its second-quarter financial results — which saw Paradise’s quarterly revenues climb to […]

More From Our Brands

Access exclusive content