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. But the new generation soon realized that coronation day was further off than they expected. Download Our Free Guide: The Perfect Pitch Deck. 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. That including areas like music and sports, and building clients into branded businesses (the company would take a 1/3 stake for facilitating and launching, with the talent splitting the rest with a financial backer), and leaning in hard on a production services business. Buzzfeed Pitch Deck Example. I was giving up a lot and risking an enormous amount. My professional relationship with Rich is profound, I see him as a rock to hang on to and I have been building with him a strong complicity in our path, Guadagnino says. Incorporate images, use a modern color scheme, and insert a pattern for a captivating design. 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. Hundreds of thousands of developers . We are generating $1.92 million in annual revenue. By subscribing, I agree to the Terms of Use and Privacy Policy. 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 All rights reserved. I built a career being very hands-on with the people that I represent, and I think all of our managing partners would say the same thing, which is that they were very managerial agents. By subscribing, I agree to the Terms of Use and Privacy Policy. I've created fundraising pitch decks for dozens of companies and have used them to successfully raise almost $700 million of total capital, including more than $40 million of pre-seed equity for startup companies. We believe that bringing a really sophisticated point of view and capability on the data analytics informs opportunities and strategies immensely because Hollywood traditionally has been a little bit gut instinct, Whigham says. A 20-page deck on the companys plans was leaked, widely, under the heading Moxie Media. Range Media Partners Adds 20 Clients To Roster; Bradley Cooper, Ramy Youssef, Anna Kendrick, Emilia Clarke & Tom Hardy Among Names Read full article Justin Kroll One is to be well capitalized, so that if you were actually bringing money to the table and certain opportunities, you could either leverage great opportunities or you can get stuff over the line, Whigham says. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? Another la carte consultation from Range is in the realm of music. New York-based manager Byron Wetzel also joined last week. 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. . Bruss has advised the L.A.s Finest actress on her investment in National Womens Soccer League team Angel City FC, as well as an investment in baby food brand Yumi. Justin Izzo. Rian Johnson, Halle Berry, and More Share Their Inspiration, From the Archive: The Man Who Kept Marilyns Secrets (1991), Listen toVFsLittle Gold MenPodcast for Unrivaled Awards-Season Coverage, 2023 Cond Nast. Slide 1: Overview of Brand Partnership Company. 2. From Chris Rock to the SAG Awards. Focus on positive reviews or attention related to your product. 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. However, he is perhaps best known for having been the subject of one of the governments most high-profile insider trading investigations. Cannabis. Build for 2030. Microsoft Inspire. Range Media Partners would extend beyond the de rigueur of TV and film representation, catapulting clients brands into areas such as Web3, E-gaming, NFTs, social media and venture capital. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. Its healthy for everybody when things shake up a little bit, he says. Paul Sawers. In fact, this pitch deck had only 10 . So CAAs leaders-in-waiting asked themselves if they wanted to stick around another decade or two to inherit the agency, at which point some of them would be pushing the new 40. Trumps Relationship With Jared and Ivanka. Wherever there are thrones, there are games. 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. Famous sales pitch decks to inspire your pitch. 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. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. you can offer. He donated $1 million to Trumps inaugural committee. |. The company will be run by a cadre of agents from the big three agencies, CAA, WME and UTA, and aims to upend the representation business. Keys to an Effective Pitch Deck. 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. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? Sometimes you inherit a kingdom, sometimes you build one. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. One thing we were seeing was that you have a lot more direct-to-consumer capabilities through digital and online. A pitch deck is a presentation that gives your audience an overview of your business plan. Download Our Free Guide: The Perfect Pitch Deck. In 2004 LinkedIn has raised $10M in funding from Greylock Partners in a Series-B investment round. Other examples of how Range is broadening its clients beyond the standard buckets of film and TV include a deal for Vince Vaughn at Caesars; essentially a joint venture between Range and GPN, Game Play Network; Yellowstone actor Luke Grimes new country singing career; and Atlantic Records rapper Jack Harlows acting debut in 20th Century Studios reboot of White Men Cant Jump. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. U.K.-based Amadeus Capital Partners and Austria's Apex . You become their partner versus just a rep, says an agent turned manager. 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. Modern pitch deck example. 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. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. The company says its construct will foster a company culture grounded in inclusion, respect, and fairness. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. In 2020, CAA created a board of top agents to help manage the agency. As a Content Marketing Manager at Atrium, Mark drove messaging efforts across a range of marketing assets, including blogs, newsletters, social media, landing pages, pitch decks, product demos . Theres nothing better than when youre the dumbest person at the table, and you can get real advice from people you trust, says Susie Fox, who, while at UTA, signed up-and-coming comedians like Ali Wong, Jerrod Carmichael, and Ramy Youssef. The flood came in 2020, when four top agentswho repped Margot Robbie and Chris Hemsworth, among othersannounced that they were quitting to reunite with Micelli. Times staff writer Ryan Faughnder contributed to this report. They're a must-have element and without one, it's difficult to get funded. Or perhaps it is unanswered questions of how a group of top young agents in their prime ages of 36-45 can build a rep-based business without being predatory, especially when many clients theyve helped build into stars are being asked to remain by their agencies, and already have managers. Subscribe for full access to The Hollywood Reporter. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. 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. Deadline is a part of Penske Media Corporation. Sandra Kang from CAA Global Brands Group, CAA Foundations Rachel Kropa, and manager Byron Wetzel (a New York-based manager who runs Wetzel Entertainment Group and has management clients including Michael Shannon) will round out the lineup of principals, with an additional founding member about to be named to lead a music division. Phil Sun left WME and brought Michael B. Jordan and Donald Glover to a new management firm, M88, focused on a diverse clientele. Its their agency. The new firm was bankrolled by hedge-fund billionaire and future New York Mets owner Steve Cohen, via his early-stage capital firm Point72. Respected TV lit agents David Stone (WME partner) and Ben Jacobson (UTA partner) left to launch The Framework Collective management company, and WME agent Duncan Millership left to join Anonymous Content. Connect. The goal of the new company is to offer, according to sources, intimate, curated representation and bringing a family style tone to the company and to representation. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos. So, I would have followed him anywhere. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: It didnt make the new venture many friends among agencies which watched key players walk out the door and word is that when the exiting agents met with CAA brass, they had the document in their hands. Contact Email info@rangemp.com. As Cohens net worth rose so did his appetite for art. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. 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. I think where theres some confusion is because a lot of us are former agents, and weve decided to invest in a shared services platform thats unlike what any management companys ever done. Cook, Micellis colleague, adds, We all did our 10,000 hours as agentswe wake up and we dial for dollars, we think about packaging, and were really proactive. All Rights Reserved. It's one of the most perfectly designed pitch decks ever made. 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 company is committed to providing equity to all founding staff, at every level, and recruiting and representing a diverse group of perspectives and background, the statement said. No talent names were revealed on the companys roster, but it is known that Taron Egerton, Keira Knightley and Michael Fassbender are among those who have left CAA to head to the new shop. While managers will for the most part work from home, Micellis Brentwood abode, with substantial backyard space, will serve as the de facto headquarters and meeting place in the initial year as offices in Hollywood remain shut because of COVID-19. Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. Tech. Ranges data set has been instrumental in client negotiations, whether its demonstrating their financial value to a media conglomerates library. 11:00 PM PST February 21, 2023. Inclusive economy. This will in turn create massive opportunities to drive direct to consumer businesses in a post Covid-19 world.. Cohen was never charged. 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. 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.. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. The formation of Range two years ago is the dictionary definition of disruptive, and it was fraught with painful farewells to mostly receptive former colleagues. Here's your step-by-step guide. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. Find top employees, contact details and business statistics at RocketReach. In the event you are very early stage or your growth is not that interesting I would avoid including it. 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? The founding of the firm was a secret affair that began in March and caught most unawares. [Read more: 3 Easy Steps to Research Your Startup Business Idea] Outline the problem you're trying to . Table of Contents. Core values. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! By 2011 he was managing $12 billion. I also set aside time every week for creative time to think about ideas and about how to help somebody get to the next level, she says. Signup for Breaking News Alerts & Newsletters. Short franchise elevator pitch example. Media kits may live fully-online as responsive online press pages. Discover communities . Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. Craft an elevator pitch that's a succinct briefing of your event. The other point of skepticism by shade-throwers was to note that billionaire backer Cohen had contributed to the inauguration of President Donald Trump, no beloved figure in Hollywood. A media kit is also known as a press kit. Great! Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. The unanswered question in the announcement today is what clients the new company will start with, and whether those who already have managers will be open to splitting commissions with other managers, or leave their existing agencies. All Rights Reserved. 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. The press section of your startup pitch deck is a great opportunity to show off any buzz and get your investors excited about your business. Do Not Sell or Share My Personal Information, Paramount to pay $122.5 million to settle lawsuit over CBS deal. As Hollywood belt-tightening continues, what happens to the newly minted managers who defected from the agencies with only a handful of loyal clients and a dream? Give yourself a boost and start using this template to bring your ideas to your customers/partners. DISPLAYING: 1 - 50 of 604 Items. On Wednesday it was announced that Cohens Connecticut-based venture fund, Point72 Ventures, is helping to bankroll a new Los Angeles-based management and production firm, Range Media Partners. Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. Yearly revenue, etc. 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. Training. Oscars 2023: Yes, Some Awards Movies Flopped, but Art Matters, Harrison Ford Doesnt Have A Social Anxiety Disorder, Youre Just Boring, New Report Claims HBOsDark Upcoming Drama. Guy Kawasaki's Pitch Deck Template. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. Stay away from negative press unless you can show you've changed those negative opinions. Pitching is the first step in onboarding new clients into your media company. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. They will join exiting CAA agents Dave Bugliari, Michael Cooper, Mick Sullivan and Jack Whigham, UTA agents Mackenzie Condon Roussos, Susie Fox, Chelsea McKinnies & Lucinda Moorhead and WME lit agent Rich Cook. Blog 50+ Pitch Deck Designs, Format, Examples 2023. 2. 20 Pitch Decks from Well-Known Media Startups. Email pitch example #6. 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. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. It was just me and our COO, Rob Whittel, and we literally said to each other, What do we do with the money if nobody comes? So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. During a pitch, you need to have a pitch deck as your visual aid. The distinction between agents and managers can seem nebulous, but there are key differences. What they did: Mint made it clear through the pitch deck that they understood their investors well. July 10, 2021. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. An elevator pitch is a persuasive speech that you can give in around 30 seconds to a minutethe time it takes to use an elevator. He cited the experience of Michael Ovitz, the once-powerful co-founder of CAA who became the short-lived president of Walt Disney Co. under Chairman Michael Eisner. Its definitely a less desirable job today.. Dozens of employees lounge on chairs and couches inside the airy building, where not even the partners keep permanent desks. Dropbox is one of the pioneers of cloud storage as we know it today, and their pitch deck from 2007 was all about revolutionizing the way people stored and shared important data. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. The timing certainly checked out. Create. The Wall Street Journal dubbed him the hedge fund king. Cohen was known for assiduously following the market, placing high volume bets on small fluctuations in stock prices. Companies like Netflix and Disney have increasingly been buying out talents back-end participation in favor of upfront fees, curtailing an agencys profit if a show becomes a runaway success. After outperforming rivals for years, his hedge fund, Capital Advisors, pleaded guilty in 2013 to insider trading and paid $1.8B in fines $900M in forfeiture and the same amount in fines in one of the biggest criminal cases against a hedge fund that kept Cohen from investing for two years. It is close to what one of Hollywood's biggest, most established management-production . Also, Wetzel is bringing Michael Shannon as part of his stable. In the early 2010s, the leaders of Hollywoods most powerful talent agency, CAA, began telling senior agents that the kingdom would someday be theirs. 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. How to create a social media marketing pitch deck. After all, clients who havent worked in the past half year wont love having to pay more for representation. Company Type For Profit. Awards. So, theyre going to be more aggressive, more ambitious about a lot of different areas of their life on average, explains Whigham. 10. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . As a company deeply invested in the well-being of its employees, Range Media Partners will establish a broad-based ownership of the success of the company from day one., In a 20-page pitch deck to investors reviewed by The Times, the fledgling agency, initially dubbed Moxie Media, heralded itself as the next revolution in media., Proclaiming further that the equity value in the major agencies is in free fall, the pitch went on to declare that there has never been a better time to recruit high end representatives away from their current incumbent. . Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. The upstart management company that Deadline revealed on August 23 would be launched by Pete Micelli with principal backing from hedge fund billionaire Steve Cohen, now has a name Range Media Partners additional new backing through Microsoft CMO Mich Matthews-Spradlin and Grubhub founder/CEO Matt Maloney. A staple of the best pitch deck lists, Mint is a personal financial app to help track spending and savings. Michael Ovitz was the best agent ever and even he failed, the partner noted. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. Nonprofit. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. 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. 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. One of the primary documents essential to any early-stage company fundraising process is a pitch deck. Dave Bugliari, Mackenzie Condon Roussos, Rich Cook, Michael Cooper, Susie Fox, Sandra Kang, Rachel Kropa, Chelsea McKinnies, Peter Micelli, Lucinda Moorhead, Mick Sullivan and Jack Whigham, who left agencies CAA, UTA, and WME, are the founding partners in the new company. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOne's Chief . 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. Engaging Content Marketing for Boring Industries from Market MindShift. Part of Ranges power to propel their clients projects stems from a model which is built on creating multiple joint ventures with various studios and platforms for various projects. Research Lead, Dropbox DocSend. 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. 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. 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. Another area distinguishing Range is its use of data analytics in negotiating for clients and informing their decisions. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. All. ), Sign up for THR news straight to your inbox every day. One agent looked at THEIR BOSSES and thought, Oh, you guys are never going to leave. We were just thinking about what was needed.. Our Favorites. Pitch Decks. Range is clearly trying to position itself as a one-stop shopping center where celebrities can have both management representation and financing for these expanded entities, said Lindsay Conner, partner at Manatt, Phelps & Phillips. Log in Hollywood loves a comeback story, as long as you ask for redemption, and I dont know if that is Mr. Cohens style. In 1992 Cohen decamped to launch his own hedge fund, SAC Capital Advisors, in Stamford, Conn., with $25 million of his own money, according to Bloomberg.