He quietly reached out to friends and former coworkers at the agencies to see who might be interested in joining him at this new firm while also pitching his vision to investors. 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. Page. Leaving CAA felt much like a divorce, Micelli tells me. I had an incredible business there and left at the height of my career. 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. The low-end pitch deck costs between $1,000 to $3,000 and is suitable for those who want to revamp their existing pitch deck or create from scratch at a cheap price. The distinction between agents and managers can seem nebulous, but there are key differences. SEOmoz Pitch Deck makes excellent use of charts and graphs to illustrate data. Wherever there are thrones, there are games. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. Julian has created over 400+ articles about a wide range of topics e.g., math, biology, chemistry, history . A pitch deck is usually a 10-20 slide presentation deck designed to give a short summary of your company, your business plan and your startup vision. He noted that prior to his firms SEC indictment, he was considered a rock star by most heavy hitters in Hollywood because of his rogue style and awesome returns as a hedge fund manager. As for the Trump stuff, insiders said that he is not some MAGA hat wearing Trump acolyte; he has given over the years to politicians on both sides of the aisle and been generous to philanthropic causes. 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. Currently we have 800 paying customers who are paying us $200/month. 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. I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. 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. In a joint statement, the founders said, We are incredibly proud to begin this exciting adventure together. 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. And it's the pitch deck that made Airbnb into the $385-billion startup that it is today. Awards. Cannabis. Now these places have hundreds, if not thousands, of employees who have to wear name tags to corporate retreats so they can recognize their own colleagues. Managers typically have a smaller roster for whom they provide career guidance. 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. Range Media Partners Launches Sports Division, Sets Will Funk As President Of Range Sports Justin Kroll 7/12/2022 George Harrison Said He Felt Sorry for Elton John for Being One of the Only Rock . And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? 10. 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. . Two former agents from UTA and WME, Ben Jacobson and David Stone, recently launched the Framework Collective to manage TV writers. An agency partner, who declined to be named because of business relationships, said he welcomes change in the industry, but cautioned that launching a management firm is a daunting task. Hundreds of thousands of developers . Give yourself a boost and start using this template to bring your ideas to your customers/partners. He also presented the structure of the perfect pitch deck: Title Slide We want to hear from you! Michael Ovitz was the best agent ever and even he failed, the partner noted. Perhaps it is the launch of a disruptive new representation venture in the midst of a coronavirus pandemic which since March has brought major agency and management company revenues to a trickle and sparked layoffs and furloughs to go along with a long stalemate with the WGA. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. 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. 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 Key Takeaway: The best pitch deck examples use clean, uncluttered slides with plenty of white space. by | Jun 10, 2022 | preghiera potente per far litigare una coppia | native american owned businesses in arizona | Jun 10, 2022 | preghiera potente per far litigare una coppia | native american owned businesses in arizona Are you tasked with using content to market a "boring" industry, and feeling envious of those who get to promote "fun" industries? There are no big paychecks, the insiders said. We have never seen more high-end representatives ready to leave these institutions.. Buffer pitch deck. Talent agencies including WME, CAA, UTA and ICM Partners have undertaken severe cost-cutting measures such as layoffs, furloughs, hour reductions or salary cuts. Proptech. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. 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. Shift Pitch Deck. . Connect. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. Microsoft Inspire. 2. Step 1. Trumps Relationship With Jared and Ivanka. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. Operator of a talent agency intended to offer curated representation. The Dark Scandals and Power Struggles of Sumner Redstone, Les Moonves,and the Companies They Controlled. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. Its a hard change. 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. Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. All Rights Reserved. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) 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. In the early 2010s, the leaders of Hollywoods most powerful talent agency, CAA, began telling senior agents that the kingdom would someday be theirs. One of the best storytelling methods for funding pitches is to use customer examples. 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. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. There are plenty of people who are still quite happy working their way through the talent agency system. Ari Emanuels Endeavor, meanwhile, has bought up assets as far-flung as UFC, the Miss Universe Competition, Professional Bull Riders, and New York Fashion Week. Its healthy for everybody when things shake up a little bit, he says. Email pitch example #6. She also writes about podcasting services, digital media and talent agencies. 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. 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. Give yourself a boost and start using this template to bring your ideas to your customers/partners. But the pandemic didnt cause the departures, it just accelerated them. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. The Hollywood Reporter is a part of Penske Media Corporation. The almighty startup pitch deck that helped Buffer to raise half a million dollars gained popularity by becoming one of the first pitch decks openly shared online. 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. Create. Nonprofit pitch deck. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. By saying were going to do something more intimate and boutique with less clients, were going to spend more time on the things that are either not on the menu or hard to achieve because they do take a lot of time. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. 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. It's where you have to convince them that your services can benefit their company. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. The pitch deck also included several quotes from the media that helped to validate the company and its current success. New York-based manager Byron Wetzel also joined last week. But the new generation soon realized that coronation day was further off than they expected. Contact Information. So, theyre going to be more aggressive, more ambitious about a lot of different areas of their life on average, explains Whigham. Another la carte consultation from Range is in the realm of music. 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 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. An agency pitch deck is a presentation used to explain what your social media agency offers to new potential clients. One of the most common mistakes founders make in their startup . 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. Ad Choices. The company also plans to generate revenue by offering in-house production services. 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. 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? 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. Event. 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. Build for 2030. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. 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. It reflects how big these agencies and management enterprises have become and also reflects the perception of private equity that there is value to be had beyond the classic commissions that agents and managers have been receiving for over a century.. 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. Ranges data set has been instrumental in client negotiations, whether its demonstrating their financial value to a media conglomerates library. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? 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. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. It just felt the most appropriate next step for me was to do something that was at least partly mine.. Cohen was never charged. 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. 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 . Impress your audience by adding images that help communicate the content in your pitch deck. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. Media Pitch Deck Examples. However, he is perhaps best known for having been the subject of one of the governments most high-profile insider trading investigations. 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. 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. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. The firm announced Wednesday that it wil 1 of 21. The management world was shaken up, as well as the agencies. There's thousands of high-quality images in . Design. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. Something inside me told me this was the last retreat I was going to be on, he says. Here are nine steps to creating a standout pitch deck. 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." . It is close to what one of Hollywood's biggest, most established management-production . 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. Dropbox Pitch Deck. 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. These presentations last no more than 20 slides and are meant to give full detail of a particular business idea instead of a full-blown presentation ranging from more than 30 slides. 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. The more we are able to sit down with clients and unearth other dreams, the more the promise of our company really comes to fruition.. Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. Get our latest storiesin the feed of your favorite networks. By subscribing, I agree to the Terms of Use and Privacy Policy. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . Total fundraising numbers for each startup in the list below are according to PitchBook data . The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. 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. Balance the storytelling element of your presentation with . I started thinking about what was needed, and Range started to form in my headoh, the markets are changing this way and new technologies are coming that are gonna shift content distribution again, and theres a bunch of little things we can do to create a better culture and a better environment, Micelli says. We are generating $1.92 million in annual revenue. 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. 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. Press slide. 20 Pitch Decks from Well-Known Media Startups. Startups. For his part, Micelli says hes focusing on growing Range into something he can pass on to the next generation. Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. However, rather than fight the new normal, Range Medias philosophy is to embrace it. A Great Sales Deck can Make or Break a Deal. CAA ostracized Ovitz, hurting AMGs ability to package series and movies. This market is growing at a 15% rate. In short, it "makes software work better.". There was a dynamic change that was coming, and the company would be reflective of dealing with that., That was what was really motivating for us, because when you looked around, you said OK, you see the big shifts coming in terms of what Web3 is going to do and the Writers Guild issues and the issues all representatives are having with the streaming backends and the buyouts, he adds. Sports. After the agencies fight with the Writers Guild of America, during which thousands of writers fired their agents, some (like Lost cocreator Damon Lindelof) never hired them back. mcdonalds garfield mugs worth The writer we pitched ended up connecting us with a reporter at CNBC. Another source notes that all the former agents have to do to circumvent the no-dealmaking mandate is to make sure that its the lawyers who pick up the phone to negotiate contracts. CAA has expanded into seemingly every business with even a passing connection to entertainment, adding a sports division to rep stars like Cristiano Ronaldo and launching a venture capital fund. Effective startup elevator pitch examples. Forget that the last three years even happened, and its still arguably harder to be an agent right now than at any other time. 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. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. The deal values Vox Media at half of what it was worth back in 2015, as many in the industry struggle with lagging advertising revenue. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. 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. 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. In April 2019, the writers union instructed its members to fire their agents who did not sign a deal with the WGA to end the longstanding practice of packaging fees, further eroding a revenue stream for agencies. The initial focus will be on film and television talent, but the company said Wednesday that an additional founding member who will lead a music division will be announced soon. 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 joint statement, the founders said, We are incredibly proud to begin this exciting adventure together. 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. 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. We were just thinking about what was needed.. 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. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. 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. The Airbnb pitch deck is a legend among presentation designers. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. A pitch deck is a presentation that gives your audience an overview of your business plan. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. Rocketreach finds email, phone & social media for 450M+ professionals. 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. 11:00 PM PST February 21, 2023. . 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. Research Lead, Dropbox DocSend. 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. From Chris Rock to the SAG Awards. But can Rushfield and coconspirator Janice Min scale his scrappy newsletter into a big business? (His family is residing in Lake Tahoe for the duration. Your pitch deck boils down to the essential elements of your business plan. Micelli argues that Hollywood just hasnt encountered a management company like Range before. 2023 Deadline Hollywood, LLC. BuzzFeed. 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. Also, Wetzel is bringing Michael Shannon as part of his stable. And thats assuming that talent even want an agent. We want to take a deep, personal approach to our clients work while continuing to deliver great results. A week after their high-profile exits, agents who represented A-list clients ranging from Michael Bay and Margot Robbie to Zac Efron and Tiffany Haddish have launched Range Media Partners, a new management and brand development company. It's one of the most perfectly designed pitch decks ever made. As Cohens net worth rose so did his appetite for art. 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. We want to take a deep, personal approach to our clients work while continuing to deliver great results. 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. 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. The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. Craft an elevator pitch that's a succinct briefing of your event. Multiple current and former agents say that the agencies used to feel like a family, at least the kind of family that ritually hazes the youngest kids. It should contain slides outlining the features and offers of your media services company. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. This begged the question for Range Media Partners about what they might be able to exploit.
range media partners pitch deck