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. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. Other. Tech. Dozens of employees lounge on chairs and couches inside the airy building, where not even the partners keep permanent desks. Its a hard change. Strategy #2: Make It All About the Customer. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. 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? 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.. (His family is residing in Lake Tahoe for the duration. 50m fund, focus on seed investments in energy. 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. 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. More exits are in the offing as the representation business resets itself in the streaming-dominated brave new world whose formation was exacerbated by the pandemic. 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. 20 minutes is the longest time you should talk. These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. Wherever there are thrones, there are games. We all have the same promise to each other, which is like, lets go take a shot and build something.. mcdonalds garfield mugs worth Also, Wetzel is bringing Michael Shannon as part of his stable. How Richard Rushfields The Ankler Took on Hollywood. Famous sales pitch decks to inspire your pitch. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. 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. Total fundraising numbers for each startup in the list below are according to PitchBook data . Cohen was never charged. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. Core values. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. That takes strategy.. Give yourself a boost and start using this template to bring your ideas to your customers/partners. Its healthy for everybody when things shake up a little bit, he says. 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? Ad Choices. 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. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. 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. During a pitch, you need to have a pitch deck as your visual aid. The rep business was also in flux, with the WGA bent on eradicating the packages and affiliated productions that had increasingly fueled agency coffers. Our Favorites. Buffer. Download Our Free Guide: The Perfect 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. Forget that the last three years even happened, and its still arguably harder to be an agent right now than at any other time. 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. Media Pitch Deck Examples. 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. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. 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. All of the principals will be given an unspecified ownership stake. Alto Pitch Deck. 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. Find top employees, contact details and business statistics at RocketReach. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. 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. Pitch Decks. 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 . So did Peter Micelli, the cohead of CAAs television department, who departed to join independent studio Entertainment One. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. At the agencies, theres a huge divide in the millions of dollars earned by the executives who run the firms and the crackerjack agents pulling in commissions and relying on bosses to set bonuses that rise and fall with the health of the agency. . 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 hear from you! 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. Cubeit 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. Microsoft Inspire. Now you've learnt why your agency needs to pull together a pitch deck, you're probably wondering what this presentation needs to include. Nonprofit. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) Discover communities . There's thousands of high-quality images in . Blog 50+ Pitch Deck Designs, Format, Examples 2023. Keys to an Effective Pitch Deck. The management world was shaken up, as well as the agencies. Year after year he maintained double-digit returns. Your pitch deck should stand on its own as a . 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. So, I would have followed him anywhere. He remains a minority investor, with additional funding from New York Knicks coach David Fizdale, Microsoft CMO Mich Mathews-Spradlin and Grubhub founder/CEO Matt Maloney. I had an incredible business there and left at the height of my career. 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. Coordinator, Film & TV at Range Media Partners Los Angeles, California, United States. The collapse of the syndication market in television has slashed back-end profits, a lucrative source of income. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. 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., All the major agencies have suffered a steady stream of exits over the last three years amid what a former agent tells me is a generational shift. At WME, a number of high-powered agents of color walked out the door, while UTA said goodbye to several leaders in digital and new media. The defections, sparked by factors beyond succession in some cases, started with a trickle. Media kits may live fully-online as responsive online press pages. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. In short, it "makes software work better.". 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. A former college basketball player who considered playing professionally in Europe, he spent the first 20-plus years of his adult life channeling his competitiveness into the closest thing Hollywood has to a sport: working as a talent agent at the legendarily cutthroat CAA. Cohen, who sits on the Board of Trustees at the Museum of Contemporary Art in Los Angeles and Museum of Modern Art Board of Trustees in New York, established a foundation with his second wife Alexandra in 2001 that supports childrens health, education, veterans and the arts. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. I needed a new energy. At Entertainment One, he got a crash course in running (and selling) a company. Lovett began reminding staff that 60 was the new 40, according to two sources. We dont necessarily feel its competitive., I just kept coming back to, WHY WORK for anybody again? If they dont run screaming from the industry altogether, some become executives, others producers. 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. Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. (crickets) Yep - not as easy as it sounds. Legal Name Range Media Partners. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. 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. 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 . 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. Theresa Kang-Lowe, formerly a powerful WME agent, now manages Alfonso Cuarn, Lena Waithe, and others while producing television like the Apple TV+ epic Pachinko. The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. Range Media Partners is an Entertainment company located in US with 126 employees. It is close to what one of Hollywood's biggest, most established management-production . The founders are taking financial hits on making the move, but it could pay off in the long run. Here's your step-by-step guide. Table of Contents. We want to hear from you! Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. . Inclusive economy. |. Signup for Breaking News Alerts & Newsletters. Now, Cohens past is an open book because he is now in exclusive negotiations to buy the New York Mets baseball team. Along with Point72s Cohen wholl supply a substantial minority investment and will be joined by former New York Knicks head coach David Fizdale the other principal investment will comes from former Microsoft CMO Mathews-Spradlin and Grubhubs Maloney. 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. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. The pitch deck is an example of how basic and . 2. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. The deal calls for A+E Studios to become a co-production partner for scripted TV projects emerging from Range. Now throw in a potential recession and a potential writers strike. 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. 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. 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. 22 Pitch Decks from Notable Social Media Startups. We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. 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.. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. Download Our Free Guide: The Perfect Pitch Deck. 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. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. The document is closer to Jerry Maguires mission statement than an actual business plan, but it nonetheless was a bit barbed toward the status quo and provided a glimpse into areas a new company might be able to monetize. But what happens when theyre gone? Its their agency. A 30-point font is the smallest font size you should use on your slides. Ari Emanuel lets his AI alter ego open Endeavors earnings call, WGA chief negotiator David Young replaced due to illness ahead of key talks with studios, WGA asks members to vote on key demands in bargaining with studios, Hidden, illegal casinos are booming in L.A., with organized crime reaping big profits, Look up: The 32 most spectacular ceilings in Los Angeles, Elliott: Kings use their heads over hearts in trading Jonathan Quick, This fabled orchid breeder loves to chat just not about Trader Joes orchids, Alec Baldwin and Rust producers sued by crew members over fatal shooting, Rupert Murdoch admits he knew Fox News hosts endorsed false election fraud claims, deposition shows, Historic movie lot that gave Studio City its name to get $1-billion makeover, Choose your fighter: Cocaine Bear takes on Ant-Man at the box office. And thats assuming that talent even want an agent. U.K.-based Amadeus Capital Partners and Austria's Apex . Phone Number +1-424-403-1500. 907 followers . 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 writer we pitched ended up connecting us with a reporter at CNBC. Surge Ventures. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Guy Kawasaki's Pitch Deck Template. Modern pitch deck example. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? July 10, 2021. A staple of the best pitch deck lists, Mint is a personal financial app to help track spending and savings. But in 2017, during the agencys annual retreat at a resort near San Diego, Micelli realized it was time to quit. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! 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. Great! As one former agent puts it, Before, the agents were the most powerful. 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. 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. [Read more: 3 Easy Steps to Research Your Startup Business Idea] Outline the problem you're trying to . 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. Strategy #1: Keep It Short and to-the-Point. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. 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 . Buzzfeed Pitch Deck Example. Airbnb pitch deck proves that the key to winning is to keep things short. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) European VC firms Amadeus and Apex partner for 80m early-stage 'deep tech' fund. 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. Cohen, who did not respond to requests for comment, is said to be injecting upwards of $25 million for a 30% stake in the new firm, according to the Hollywood Reporter. Operator of a talent agency intended to offer curated representation. An agency pitch deck is a presentation used to explain what your social media agency offers to new potential clients. 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.
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