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. |. Legal experts weigh in, ChatGPT who? Use it to tell your sponsors who you are, what your event's about, why you're hosting it, what makes your event unique, and most importantly . All. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) 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.. To fuel the expansion, the company opened its doors to a private equity investor, TPG Capital, which now owns a majority stake in the agency. 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. Design. 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. 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. But in 2017, during the agencys annual retreat at a resort near San Diego, Micelli realized it was time to quit. And the agencies have been working on succession plans. . Coordinator, Film & TV at Range Media Partners Los Angeles, California, United States. Deadline is a part of Penske Media Corporation. The collapse of the syndication market in television has slashed back-end profits, a lucrative source of income. We are generating $1.92 million in annual revenue. 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. 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. 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. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. 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. Mint. Its their agency. 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. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! 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 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. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. 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. As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. Walmart - Flipkart Pitch Deck. All the change in Hollywood has also created opportunities for enterprising young agents who want to discover new podcast talent and TikTok stars. Average Series A round: $7.3 million. . Management is a civil game compared to agenting: poaching is rare, except when former CAA chief Michael Ovitz formed AMG and hired away CAA agent Mike Menchel and drew his star client Robin Williams, and brought over Tom Clancy from WMA. Form And Sustain A Business Partnership Agenda For Form And Sustain Ppt File Deck PDF. The distinction between agents and managers can seem nebulous, but there are key differences. Here are nine steps to creating a standout pitch deck. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. The management world was shaken up, as well as the agencies. It's one of the most perfectly designed pitch decks ever made. Its healthy for everybody when things shake up a little bit, he says. She also writes about podcasting services, digital media and talent agencies. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. Buffer is a social media scheduling platform that helps you schedule content for Facebook, Twitter, LinkedIn, and Pinterest. Managing partners took sizable pay cuts to leave their agent gigs, but none of the people I speak with express regret. Balance the storytelling element of your presentation with . Awards. . Micelli argues that Hollywood just hasnt encountered a management company like Range before. The company says its construct will foster a company culture grounded in inclusion, respect, and fairness. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. We want to hear from you! Lovett, Lourd, and Huvane are now in their 60s. 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. Modern pitch deck example. 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. Operator of a talent agency intended to offer curated representation. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. Media Pitch Deck Examples. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . Yeah, we remember that Sunday well, says Jack Whigham, who left CAA for the new opportunity. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 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. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. 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. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. [Read more: 3 Easy Steps to Research Your Startup Business Idea] Outline the problem you're trying to . Ranges Head of Digital Management Kai Gayoso, a former Facebook vet, who oversees the firms influencer division, worked directly with M. Night Shyamalan on reorganizing the marketing around Servant and last summers Universal thriller Old. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. Unlike other management firms, who, like the agencies, handled a massive list of clients, Range would prioritize top, exclusive talent. Another la carte consultation from Range is in the realm of music. 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. Microsoft Inspire. So, I would have followed him anywhere. Its a hard change. Buzzfeed Pitch Deck Example. However, rather than fight the new normal, Range Medias philosophy is to embrace it. CAAs trio of cochairmenBryan Lourd, Kevin Huvane, and Richard Lovetthad already led the agency through a 15-year period of tremendous growth, and their contracts were set to expire within a half dozen years. Currently we have 800 paying customers who are paying us $200/month. 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. 1 of 21. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos. SEOmoz Pitch Deck makes excellent use of charts and graphs to illustrate data. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Strategy #2: Make It All About the Customer. A pitch deck is a presentation that gives your audience an overview of your business plan. Your pitch deck should stand on its own as a . Guy Kawasaki created his 10-20-30 rule for Pitch Deck which means: 10 slides are the optimal number for a presentation. Pitch deck. 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. 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. Best Pitch Deck Examples & Analysis to Help Build Pitch Decks for 2023. Cohen, who lives in Greenwich, Conn., and owns a home in Beverly Hills, is said to have partly inspired the character of hedge fund manager Bobby Axelrod in Showtimes Billions.. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Why It Worked. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. 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. How to create a social media marketing pitch deck. Corinne McCarthy, SEO & Online PR Specialist @ Web Talent Marketing. 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.. I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. By subscribing, I agree to the Terms of Use and Privacy Policy. 3. The next generation of agents will have that also.. Proptech. Ad Choices. The menand, yes, theyre still all menwho run the top agencies know better than to act alarmed about defections. Log in Los Angeles Times on Twitter: "In a 20-page pitch deck to investors . Wherever there are thrones, there are games. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos, MRC, James Wans Atomic Monster & 3 Arts In Deal To Develop Pornsak Pichetshotes Noir Graphic Novel The Good Asian Into Series, Searchlight Lands Theatrical Remake Rights To Oscar-Nominated National Geographic Docu Fire Of Love, Lava Love Story Of French Volcanologists, The Oscar-Nominated Women Behind Elvis: Gail Berman, Catherine Martin & Mandy Walker Speak On The Man, The Myth, The Movie. As Cohens net worth rose so did his appetite for art. 2023 Deadline Hollywood, LLC. As one former agent puts it, Before, the agents were the most powerful. Yearly revenue, etc. Revolut Pitch Deck. The Los Angeles Art World Is Having Its Gilded Age Moment. To make things even better, their charts use different colors for each statistic. Cannabis. Alto Pitch Deck. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. Still, both agents and managers are bracing for what will almost certainly be a rocky year. 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. Now, Cohens name has been thrust into the Hollywood limelight. I had an incredible business there and left at the height of my career. A pitch deck is a brief presentation, ranging from 10-20 slides, that provides an overview of your business. Strategy #4: Use Your Brand Story to Create Hype. 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. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. Leaving CAA felt much like a divorce, Micelli tells me. Discover communities . Sports. 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. Dozens of employees lounge on chairs and couches inside the airy building, where not even the partners keep permanent desks. Food & Beverages. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . Phil Sun left WME and brought Michael B. Jordan and Donald Glover to a new management firm, M88, focused on a diverse clientele. The Airbnb pitch deck is a legend among presentation designers. Creating a pitch deck for social networks can be quite difficult and is unlike creating a pitch deck for any other vertical. He also presented the structure of the perfect pitch deck: Title Slide The writer we pitched ended up connecting us with a reporter at CNBC. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. Michael Ovitz was the best agent ever and even he failed, the partner noted. Total fundraising numbers for each startup in the list below are according to PitchBook data . Check out the pitch deck this AI brand strategy startup used to raise $30 million to . Another area distinguishing Range is its use of data analytics in negotiating for clients and informing their decisions. 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. 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. Also, Wetzel is bringing Michael Shannon as part of his stable. 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. 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. Rocketreach finds email, phone & social media for 450M+ professionals. Buffer. Download Our Free Guide: The Perfect Pitch Deck. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. In the event youre weeping for them, the average midcareer agent can make between $400,000 and $600,000, not including a year-end bonus, while successful partners pull in millions. Marketing. Now throw in a potential recession and a potential writers strike. The firm announced Wednesday that it wil 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. Range Media, led by former CAA agent Peter Micelli, who most recently headed up strategy at production company Entertainment One, has already brought a dozen top names including CAAs Dave Bugliari, Michael Cooper, WMEs Rich Cook and UTAs Susie Fox, Chelsea McKinnies on board. Great! New York-based manager Byron Wetzel also joined last week. Pitching is the first step in onboarding new clients into your media company. By subscribing, I agree to the Terms of Use and Privacy Policy. Something inside me told me this was the last retreat I was going to be on, he says. Training. Impress your audience by adding images that help communicate the content in your pitch deck. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. E-Commerce. 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. One agent looked at THEIR BOSSES and thought, Oh, you guys are never going to leave. Tell a story of how your startup has solved a problem for your customer so that your investors will have a better understanding of how your product or service works and helps people in the real world. The company will launch with three more dealmakers wholl become part owners along with the other agents transitioning to the manager side of the street. Below is an example from mobile payment service Square, which actually exhibits "best," "base," and "worst" case financial scenarios. Pitch decks are used by startups to convince investors to invest in their product. In the last couple of years, Micelli has grown Range to over 160 employees and more than 500 clients, including recent signees M. Night Shyamalan, Busy Philipps, Shailene Woodley, and Mariah Carey. There are no big paychecks, the insiders said. 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. 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. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. 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. Ranges data set has been instrumental in client negotiations, whether its demonstrating their financial value to a media conglomerates library. Sometimes you inherit a kingdom, sometimes you build one. No one wants to ride out a strike, Im not saying its good for us by any means, says an agency leader, but we have the ability to weather those situations better than most.. This will in turn create massive opportunities to drive direct to consumer businesses in a post Covid-19 world.. Traditional power structures are shifting because what clients want is shifting. Some agents were clearly part of Americas Great Resignation: Facing layoffs and pay cuts because of the pandemicand suddenly stripped of the power lunches and premieresthey simply reconsidered their careers. 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. Stay away from negative press unless you can show you've changed those negative opinions. Cohen converted SAC Capital to Point72 Asset Management, a vehicle to invest his own wealth. The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. That is your direct sales pitch straight to the potential customer. 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. Are you tasked with using content to market a "boring" industry, and feeling envious of those who get to promote "fun" industries? Insiders paint a different picture, with sources saying the company is being collaborative and following a non-poaching rule. 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? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Keys to an Effective Pitch Deck. range media partners pitch deck. 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 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. 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. 50m fund, focus on seed investments in energy. 10. 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 . Page. 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. The founding of the firm was a secret affair that began in March and caught most unawares. 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. Wayfair Pitch Deck. 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. Contact Email info@rangemp.com. 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. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. Give yourself a boost and start using this template to bring your ideas to your customers/partners. 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. Get our latest storiesin the feed of your favorite networks. Whether you're looking for customer pitch-decks or copy blocks, the marketing assets page lets you filter down to the exact type of content you need . Dark marketing pitch deck. 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? To revist this article, visit My Profile, then View saved stories. Get our latest storiesin the feed of your favorite networks. Stacy Perman is a Company Town reporter working on investigations and enterprise stories covering the entertainment industry for the Los Angeles Times. 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. A brand pitch deck should be no longer than 10-15 pages. 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. 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. 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. 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Why Netflix is dabbling in livestreaming, Desperate mountain residents trapped by snow beg for help; We are coming, sheriff says, Newsom, IRS give Californians until October to file tax returns, 15 arrested across L.A. County in crackdown on fraudulent benefit cards, Column: A transgender patients lawsuit against Kaiser is a front for the conservative war on LGBTQ rights, After a rough 2019, Hollywoods talent agencies brace for more uncertainty, range of blows buffeting the talent business, How strong is Dominions defamation case against Fox News? 2. 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. Times staff writer Ryan Faughnder contributed to this report. In 2004 LinkedIn has raised $10M in funding from Greylock Partners in a Series-B investment round. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. All rights reserved. . 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. 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. 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.
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