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All Rights Reserved. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. They're a must-have element and without one, it's difficult to get funded. A pitch deck is a brief presentation, ranging from 10-20 slides, that provides an overview of your business. I dont think that theres any management company that thinks Range is anything other than an agency masquerading as a management company to get around the rules, says one longtime manager. While recent years have seen LA become a destination art town, its now operating at another level, as the hubbub surrounding Frieze this week has revealed. In July 2013, Preet Bharara, then the U.S. Attorney for the Southern District of New York, announced criminal charges against SAC for which it eventually pleaded guilty, saying the firm had become a veritable magnet for market cheaters., We take responsibility for the handful of men who pleaded guilty, SAC said in a statement at the time. In fact, director Luca Guadagninowho followed founding partner and former WME partner Rich Cook to Rangewas so all in that he designed the companys new headquarters at Bergamot Station in Santa Monica. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. Phone Number +1-424-403-1500. It is close to what one of Hollywood's biggest, most established management-production . Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos. Interestingly, and more than the other pitch decks in this article, they put a lot of emphasis on the value they add to the startups they support. Range Media represents a major shift in the talent business that hasnt seen a significant shakeup since 1995, when Ari Emanuel and three of his fellow ICM agents defected from ICM in a midnight raid to launch Endeavor. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. Buffer pitch deck. It just felt the most appropriate next step for me was to do something that was at least partly mine.. He also presented the structure of the perfect pitch deck: Title Slide As I said about the disruptive power of this idea, I love when there is a very healthy shake of the house. In this case the energy of the different people evolved into this company, the out of the box thinking intertwined with the absolute insiders nature of all people involved was so exciting.. Microsoft Partner Community. Slide 1: Overview of Brand Partnership Company. Categories. The distinction between agents and managers can seem nebulous, but there are key differences. Other backers include former New York Knicks coach David Fizdale, former Microsoft chief marketing officer Mich Mathews-Spradlin, and Grubhub founder and CEO Matt Maloney. The third of eight children of a garment manufacturer father and piano teacher mother, Cohen grew up in Great Neck, N.Y. After graduating from the Wharton School in 1978 he joined Gruntal & Co. as a junior trader in the options department, where according to the New Yorker, Cohen earned an $8,000 profit on his first day, which was considered an enormous sum back then. Incorporate images, use a modern color scheme, and insert a pattern for a captivating design. Luckily, we've got all the answers for you! Not only are we able to use it in the B2B sense to help our clients get the roles they want or identify the clients that might be best associated with a piece of intellectual property, but also to help them understand their fans in a way that frankly only venture and hedge funds have ever done because our clients are brands too, Bruss says. Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. It is close to what one of Hollywoods biggest, most established management-production companies, 3 Arts, sold for in 2018 after 27 years in the business. To keep up with the changing landscape, the agencies have chased growth. Also known as a slide deck or start-up deck, it should cover the key points of your business plan, the products and services you provide, high-level financial projections, and funding needs. We've put together 17 pitch decks from notable entertainment startups for you to learn from the best (and apply these strategies to your own business Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . Now there might be a splitting of the power. This still doesnt faze the old guard. The agencies, with their recently diversified businesses, seem well insulated. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. Shyamalans projects are being supported with music and soundtrack needs through Ranges in-house label. Why It Worked. 22 Pitch Decks from Notable Social Media Startups. Until now, Point72 has maintained four areas of focus: artificial intelligence, financial services, enterprise technology and healthcare. - Crafted potential client pitch decks for agents to present in talent meetings As unveiled in its prospectus, Ranges business model is to create companies around celebrities in the mold of Reese Witherspoons Hello Sunshine, whereby Range Media would own one-third, the celebrity another third, and a third-party investor raising $5 million to $7 million per star would take the remaining third. Inclusive economy. Also, Wetzel is bringing Michael Shannon as part of his stable. This would explain why investors spend 15% of their time on this slide and it should reinforce the importance of making a concerted effort here. Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. July 10, 2021. In 2020, CAA created a board of top agents to help manage the agency. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. The Hollywood Reporter is a part of Penske Media Corporation. The next generation of agents will have that also.. The Post reported that a pitch deck to investors from Range Media (previously under the name Moxie Media) pointed out that the agency business is in "free fall," and, "there has never been a . She always felt frustrated that, despite working with her clients to develop their careers, she was cut out of the creative process once she brokered deals. Another la carte consultation from Range is in the realm of music. You had challenges in the traditional film marketplace, so artists are talking to their fans more directly and theyre having to be more aggressive about revenue streams, because theres uneasiness in traditional film. Some agents at a certain point either get managed out or they get burnt outand some become managers, says UTA CEO and cofounder Jeremy Zimmer. Total fundraising numbers for each startup in the list below are according to PitchBook data . The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. Strategy #5: Build an Emotional Connection. He supported the run of Democratic presidential Pete Buttigieg and has been a supporter of New York Governor Andrew Cuomo, and hasnt backed either of the combatants in the upcoming presidential election. Ive always wanted to do this. We have the venture capital expertise, we have business development expertise, we have the data analytics, were spending an enormous amount of time in Web3 and understanding what the potential of it is and how that impacts artists communicating their stories to the world, Micelli says. BuzzFeed is a highly popular internet entertainment, news, and media company that has been at the forefront of digital journalism since it was founded in 2006. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. Michael Ovitz was the best agent ever and even he failed, the partner noted. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. However, rather than fight the new normal, Range Medias philosophy is to embrace it. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. While Micelli had stepped away from representation, the Writers Guild lawsuit against the talent agencies had created a fissure in the part of the business at which he excelled, packaging writers and stars, then hand-delivering full projects to TV studios. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. I was giving up a lot and risking an enormous amount. In a pitch deck that leaked to the press, the companylater named Range Media Partnerstrumpeted, "We have never seen more high-end representatives ready to leave these institutions." . Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. Its definitely a less desirable job today.. By initiative. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Lovett, Lourd, and Huvane are now in their 60s. Two former agents from UTA and WME, Ben Jacobson and David Stone, recently launched the Framework Collective to manage TV writers. A Great Sales Deck can Make or Break a Deal. The launch comes amid a wide range of blows buffeting the talent business. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. That means managers can potentially make more money, especially at a time when stars all seem to crave the same new status symbol: a billion dollars. Noting that current representation system is broken, lack of transparency has eroded trust, the document made a persuasive argument that a well-organized management venture could find a seam in the marketplace. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. The great news is though that since Rich told me about Range, I realized how powerful and visionary they were in waiting to make such a disruptive move, so now the reasons became two. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. Times staff writer Ryan Faughnder contributed to this report. It has been nearly two years since a group of the best and brightest young agents and partners told their bosses they were stepping away from their million-dollar salaries to follow former eOne strategy officer and CAA television veteran Peter Micelli and be the founding partners of a new management company, Range Media Partners. Our research shows that the average Team slide in a pre-seed deck has 80 words (compared to the 50-word average on most other slides). ), Sign up for THR news straight to your inbox every day. A deck, described as an early draft that eventually served as a pitch to investors, also made the rounds last week, giving the impression that the new firm was taking a shot at the major agencies. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. Guy Kawasaki created his 10-20-30 rule for Pitch Deck which means: 10 slides are the optimal number for a presentation. Year after year he maintained double-digit returns. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. Food & Beverages. Famous sales pitch decks to inspire your pitch. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . The 42 Best Romantic Comedies of All Time, The 25 Best Shows on Netflix to Watch Right Now, Jay Penske's Media Takeover Takes its Next Step With a Major Investment in Vox Media. Many businesses at present use a pitch deck as their way of presenting a quick overview of a plan for investors. 1 of 21. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. Currently we have 800 paying customers who are paying us $200/month. Also of late, Range teamed with FilmNation to co-produce and co-finance four-to-six films annually across a range of genres and budgets, thus giving the latter access to high-end material and talent from the firms stable. The writer we pitched ended up connecting us with a reporter at CNBC. In the streaming era, quarterly subscriber upticks, and undisclosed, elusive viewership data are challenging benchmarks for a talent rep to build any clients career from, versus box office or TV viewership which are clear barometers of an artists worth. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Its their vision. What was standing out in Moz's pitch deck was, as the company was already in business when the pitch was made, they could easily present the exact revenue rates, prices, average customer lifetime value, estimated revenue, cost of paid acquisition, etc.. On Wednesday it was announced that Cohen's Connecticut-based venture fund, Point72 Ventures, is helping to bankroll a new Los Angeles-based management and production firm, Range Media Partners. The company says its construct will foster a company culture grounded in inclusion, respect, and fairness. Dark marketing pitch deck. For his part, Micelli says hes focusing on growing Range into something he can pass on to the next generation. Crypto / Web3. At Range, shes producing a film that Ilana Glazer cowrote about an unplanned pregnancy. All Rights Reserved. Lovett began reminding staff that 60 was the new 40, according to two sources. This market is growing at a 15% rate. Ad Choices. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. Range also collaborated on digital marketing strategies for her hair care line Flawless. Their clients understood their reps sell that this could be the new phase in an ever-shifting Hollywood, with an emphasis on hands-on representation, and a lean into branded opportunities outside their onscreen work. One of the primary documents essential to any early-stage company fundraising process is a pitch deck. Buzzfeed Pitch Deck Example. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOnes Chief Strategy Officer in April, and was quarantined with family in Lake Tahoe and figuring out what to do next. Proptech. Event. 11:00 PM PST February 21, 2023. With a current valuation of $50 billion and funding of $9.4 billion, Tik Tok is one of the fastest-growing social media platforms in the world. You can use a pitch deck when meeting with potential investors, customers and business partners. (His family is residing in Lake Tahoe for the duration. Range Media Partners, the talent representation company launched by an army of former top agents last year, is jumping into the world of betting and gaming. This is the moment where your audience needs to be saying "shut up and take . How Richard Rushfields The Ankler Took on Hollywood. Range Media Partners General Information. Due respect to the memory of Entourages explosive madman Ari Gold, but a lot of hard-driving agents decided there was a better way to generate power and better places to hug it out. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. Statement yellow elevator pitch example. Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. Among them, CAA agent Scott Greenberg moved with his lengthy list of filmmakers to work with longtime friend Rick Yorn at LBI (hell co-rep the clients with CAA), Theresa Kang-Lowe left WME to launch her own management company with a multi-year deal at Apple TV + and clients including Alfonso Cuaron, and WME agent Phil Sun joined MACROs Charles King to launch the rep firm M88 and took Michael B. Jordan with him. Agents often represent dozens of people in a specific area of the business (think film roles but not television ones, or brand deals but not public speaking engagements) and focus on landing their clients new work. So, a consortium of agents from CAA, UTA, WME and other firms, repping such A-listers as Bradley Cooper, Tom Hardy, Keira Knightley, Emilia Clarke and Ramy Youssef, decided to embrace change, not fear it. Nonprofit. They seem more engaged than ever, having just guided CAA through a turbulent few years that saw a ferocious battle with Hollywood writers, a crippling pandemic, and a $750 million acquisition of rival agency ICM Partners. Range Media is also reportedly cash-flow positive over the last five months. The (non-representative) sample set of investor pitch decks below include eight Seed decks, four Series A, five Series B, and two Series C. Below are the key takeaways after observing the 19 total examples from transparent companies who shared their learnings with us: Average Seed round: $869,000. Billionaire hedge fund manager Steven A. Cohen is known for owning one of the best private art collections in the world and for his many multimillion-dollar homes. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. The streaming wars were supposed to make watching your favorite shows easierbut recent moves at Netflix, Paramount+, and Discovery+ indicate things are only going to get worse before they get better. Step 1. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. TVs top-rated drama may wrap as cocreator Taylor Sheridan pursues yet another franchise extensionthis one starring Matthew McConaughey. Our access to clients, our ability to influence decisions they make and create opportunities for talent and for people who want to work with talentthat makes us powerful, says Zimmer. And the agencies have been working on succession plans. Send us a tip using our annonymous form. By subscribing, I agree to the Terms of Use and Privacy Policy. Previously, Range had formed a joint venture with A+E Studios which put the series White House Doctor in development at Fox with Alyssa Milano producing. Its their dream., But conversations with nearly two dozen industry insiders suggest that management is more and more alluring as the aura around agents dims. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. . It should contain slides outlining the features and offers of your media services company. Period. That was denied by insiders, who said motivations were the skin in the game equity stake, an opportunity to work with a crew whove been close friends despite many of them being competitors in the past, and a chance to try something disruptive while they were young enough. Classic Airbnb pitch deck. All rights reserved. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) For our 29th annual Hollywood cover, a dozen captivating young stars gather for the after-party of our dreams. But what happens when theyre gone? Deadline is a part of Penske Media Corporation. 1. Legal Name Range Media Partners. Wayfair Pitch Deck. While having financial backing from Micelli, who recently led strategy at production company Entertainment One and was key in the companys multibillion-dollar acquisition deal by Hasbro, Range also has a substantial minority investment led by Point72 Ventures, the early-stage venture capital firm founded by Steve Cohen. This free eBook goes over the 10 slides every startup pitch deck has to include, based on what we learned from analyzing 350+ pitch decks, including those from Airbnb, Uber and Spotify. Focus on positive reviews or attention related to your product. Stay away from negative press unless you can show you've changed those negative opinions. According to SlideGenuis, the cost of a pitch deck can be split into three categories: the low-end pitch deck, mid-range presentation design, and the upper-end presentation services. Great! E-Commerce. But the rise of streaming, the decline of cable, and the erosion of the theatrical business have cut into those fat paychecks. Stacy Perman is a Company Town reporter working on investigations and enterprise stories covering the entertainment industry for the Los Angeles Times. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Your pitch deck should stand on its own as a . Industry observers view the new company as an institutional shift in industry, where many agents have grown frustrated watching a handful of partners reap millions while their own opportunities for advancement remain limited in an uncertain market. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. They made their dramatic pivot at the height of industry instability; movie theaters remained closed from Covid, production was slow to rebound as no one was writing Covid policies, and that meant no completion bonds; and studio tentpoles were being unloaded to streamers. Best Pitch Deck Examples & Analysis to Help Build Pitch Decks for 2023. Deadline called the news a bombshell. An insider told The Hollywood Reporter that such an exodus was unheard of. During the battle with the WGA, CAAs Lourd argued in a legal declaration that the ongoing dispute had made agency clientslike Lindelof, who signed with Rangeripe for poaching. While theyre barred from negotiating dealsthats the domain of agents and lawyersthey can do things that agents cant, like producing and personally investing in a clients tequila empire, say. Operator of a talent agency intended to offer curated representation. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. Looking beyond film and TV, Range also steers its clients on a mlange of areas including, but not limited to brand incubation and business investments. Hundreds of thousands of developers . So, theyre going to be more aggressive, more ambitious about a lot of different areas of their life on average, explains Whigham. Download Our Free Guide: The Perfect Pitch Deck. Company Type For Profit. Unlike other management firms, who, like the agencies, handled a massive list of clients, Range would prioritize top, exclusive talent. With its reported $100 million investment, PMC is now the largest shareholder of Vox Media. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. So, I would have followed him anywhere. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? In the early 2010s, the leaders of Hollywoods most powerful talent agency, CAA, began telling senior agents that the kingdom would someday be theirs. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. Vanity Fairs 2023 Hollywood Issue Welcomes You to the After-Party of Our Dreams, Inside the New Rights Next Frontier:The American West, The Strange, Sexually Charged Genesis of Gloria Swansons Legendary Memoir, King Charles Reportedly BeganEvicting Harry and MeghanAfterSpare, NetflixsMurdaugh Murders Team Say Theyve Uncovered New Crimes, Trumps Relationship With Jared and Ivanka Is About to Get a Lot More Awkward, The Cringey Sexcapades of a Horny Billionaire, What Is Cinema? Ranges data set has been instrumental in client negotiations, whether its demonstrating their financial value to a media conglomerates library. Some sources say a new breed of managerspeople whove been agents and understand dealmakingwill challenge them for primacy. Cohen described as leading investor with a substantial minority investment will be joined by former New York Knicks Coach David Fizdale, former Microsoft CMO Mich Mathews-Spradlin, and Grubhub founder and CEO Matt Maloney, according to a statement from Range. If we cant get the needle movers, if we cant get the people that really matter, could we call Steve and give the money back? But by September, 10 people from CAA, WME, and UTA had signed onand many clients followed them. We found out that there are 101,680 online retailers who fit this profile so the total estimated obtainable market size is $750 million. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Dropbox Pitch Deck. Pitching is the first step in onboarding new clients into your media company. According to Vanity Fair, at one time Cohen was said to have traded some 3% of all the stock on the New York Stock Exchange. Soon hed lined up capital from Steve Cohen, the controversial billionaire owner of the New York Mets, who helped fund Donald Trumps inauguration in 2017. While your plan is often 15 to 25 pages, your pitch deck will most likely only contain 11 slides that you must be able to deliver in 20 minutes. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. As of July, Point72 had $17.2 billion assets under management. We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. Pitch Decks. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. (crickets) Yep - not as easy as it sounds. It's a set of promotional materials to provide information to members of the news media to help them write articles. Managers typically have a smaller roster for whom they provide career guidance. SEOmoz Pitch Deck. He snapped up a Jackson Pollock painting from David Geffen for $52 million and paid $101 million at auction for Giacomettis 1950 sculpture, The Chariot.. There are plenty of people who are still quite happy working their way through the talent agency system. Marketing. 2. Give yourself a boost and start using this template to bring your ideas to your customers/partners. Walmart - Flipkart Pitch Deck. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. Discover communities . We dont necessarily feel its competitive., I just kept coming back to, WHY WORK for anybody again? Hes certainly a controversial figure, said Tom Nunan, a former network and studio executive who teaches at the UCLA School of Theater, Film and Television.

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