We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. Its their agency. Now, Cohens past is an open book because he is now in exclusive negotiations to buy the New York Mets baseball team. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. 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 . In any case, rare has a migration of agents to a new venture drawn the buzz, and shade, as Ive seen over the week since Deadline divulged the company and its participants. 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I had an incredible business there and left at the height of my career. Trumps Relationship With Jared and Ivanka. To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . In fact, director Luca Guadagninowho followed founding partner and former WME partner Rich Cook to Rangewas so all in that he designed the companys new headquarters at Bergamot Station in Santa Monica. A media kit is also known as a press kit. Wherever there are thrones, there are games. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . 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. Total fundraising numbers for each startup in the list below are according to PitchBook data . 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. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Media kits may live fully-online as responsive online press pages. Insiders paint a different picture, with sources saying the company is being collaborative and following a non-poaching rule. 3. 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. Build for 2030. We want Range to be a place where partners, artists and clients can come and say, You know what? Social. It's where you have to convince them that your services can benefit their company. So, I would have followed him anywhere. All Rights Reserved. Luckily, we've got all the answers for you! 22 Pitch Decks from Notable Social Media Startups. SEOmoz Pitch Deck. We would like to show you a description here but the site won't allow us. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? This begged the question for Range Media Partners about what they might be able to exploit. Incorporate images, use a modern color scheme, and insert a pattern for a captivating design. Crypto / Web3. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. We are generating $1.92 million in annual revenue. Strategy #4: Use Your Brand Story to Create Hype. Guy Kawasaki created his 10-20-30 rule for Pitch Deck which means: 10 slides are the optimal number for a presentation. The mail room remains one of the best places to learn the entertainment business, and agency leaders say they dont have a problem recruiting for those jobs. And it's the pitch deck that made Airbnb into the $385-billion startup that it is today. The range hires surprised the industry. 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. (His family is residing in Lake Tahoe for the duration. You have a product, you're ready to get out there and start selling! I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. 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. Aside from a start with top dealmakers and strong ground-floor clients, Range began on solid financial footing. Hundreds of thousands of developers . But Cohens enviable success had long been the subject of speculation on Wall Street. 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. U.K.-based Amadeus Capital Partners and Austria's Apex . Engaging Content Marketing for Boring Industries from Market MindShift. Micelli argues that Hollywood just hasnt encountered a management company like Range before. Media Pitch Deck Examples. 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 . Get our latest storiesin the feed of your favorite networks. It should contain slides outlining the features and offers of your media services company. 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. Marketing. Here are nine steps to creating a standout 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. Seven years later Cohen was running his own division at Gruntal. You may occasionally receive promotional content from the Los Angeles Times. We found out that there are 101,680 online retailers who fit this profile so the total estimated obtainable market size is $750 million. Sports. 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. Here's your step-by-step guide. With its reported $100 million investment, PMC is now the largest shareholder of Vox Media. Keys to an Effective Pitch Deck. 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. Now you've learnt why your agency needs to pull together a pitch deck, you're probably wondering what this presentation needs to include. By subscribing, I agree to the Terms of Use and Privacy Policy. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. Dropbox Pitch Deck. Mint. Shift 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. CAA ostracized Ovitz, hurting AMGs ability to package series and movies. 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. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. 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. Average Series A round: $7.3 million. This slide describes the overview of the brand Partnership Company which includes: Mission, vision. Ranges data set has been instrumental in client negotiations, whether its demonstrating their financial value to a media conglomerates library. 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. 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. DISPLAYING: 1 - 50 of 604 Items. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. The pitch deck goes into detail about what your services include and the benefits that you believe (or know!) We were just thinking about what was needed.. The rep business was also in flux, with the WGA bent on eradicating the packages and affiliated productions that had increasingly fueled agency coffers. Tech. Stacy Perman is a Company Town reporter working on investigations and enterprise stories covering the entertainment industry for the Los Angeles Times. Their clients understood their reps sell that this could be the new phase in an ever-shifting Hollywood, with an emphasis on hands-on representation, and a lean into branded opportunities outside their onscreen work. Your pitch deck should stand on its own as a . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. A brand pitch deck should be no longer than 10-15 pages. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. 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. 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. Phil Sun left WME and brought Michael B. Jordan and Donald Glover to a new management firm, M88, focused on a diverse clientele. Something inside me told me this was the last retreat I was going to be on, he says. One thing we were seeing was that you have a lot more direct-to-consumer capabilities through digital and online. 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. Pitch Decks. Signup for Breaking News Alerts & Newsletters. Because of the secrecy, chatter in Hollywood circles has focused on a potential management war for clients as well as Cohens past legal troubles. And thats assuming that talent even want an agent. 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. Another area distinguishing Range is its use of data analytics in negotiating for clients and informing their decisions. Surge Ventures. We want to hear from you! Julian has created over 400+ articles about a wide range of topics e.g., math, biology, chemistry, history . Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. 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. 2023 Deadline Hollywood, LLC. 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. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. 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. 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 (I read it the second I see it pop up, says Richard Plepler.) Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. In a joint statement, the founders said, We are incredibly proud to begin this exciting adventure together. 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. 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. Coordinator, Film & TV at Range Media Partners Los Angeles, California, United States. 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. 10. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) March 27, 2022. By 2011 he was managing $12 billion. Do Not Sell or Share My Personal Information, Paramount to pay $122.5 million to settle lawsuit over CBS deal. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. Still, both agents and managers are bracing for what will almost certainly be a rocky year. Now there might be a splitting of the power. This still doesnt faze the old guard. Balance the storytelling element of your presentation with . Year after year he maintained double-digit returns. Pitching is the first step in onboarding new clients into your media company. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. 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. Effective startup elevator pitch examples. 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. A 20-page deck on the companys plans was leaked, widely, under the heading Moxie Media. 11:00 PM PST February 21, 2023. So did Peter Micelli, the cohead of CAAs television department, who departed to join independent studio Entertainment One. 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. Contact Email info@rangemp.com. Now throw in a potential recession and a potential writers strike. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. In short, it "makes software work better.". 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. Justin Izzo. Lovett began reminding staff that 60 was the new 40, according to two sources. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: 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. 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. 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. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. On that late summer day of departures, also following Micelli and Whigham were CAAs Mick Sullivan, Dave Bugliari, Michael Cooper, CAA Global Brand Groups Sandra Kang, CAA Foundations Rachel Kropa, WME lit agent Cook; UTA TV agents Mackenzie Roussos, Susie Fox, and Chelsea McKinnies; New York-based manager Byron Wetzel; founder/president of LA-based music management company BRND MGMT Matt Graham; and digital and brand strategy vet Natalie Bruss. They're a must-have element and without one, it's difficult to get funded. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. Last Funding Type Corporate Round. 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. The collapse of the syndication market in television has slashed back-end profits, a lucrative source of income. As I said about the disruptive power of this idea, I love when there is a very healthy shake of the house. In this case the energy of the different people evolved into this company, the out of the box thinking intertwined with the absolute insiders nature of all people involved was so exciting.. All. 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. Noting that no high level agency or management company had launched in over 25 years, the document posited the new company as the third revolution, after CAAs creation in 1975 by Ovitz, Ron Meyer and a few others who left WME, and then Ari Emanuel, Tom Strickler and others exodus from ICM to form Endeavor in 1995. Inclusive economy. July 10, 2021. 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. 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. Short franchise elevator pitch example. Phone Number +1-424-403-1500. Table of Contents. Legal Name Range Media Partners. Period. 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. In 2020, CAA created a board of top agents to help manage the agency. 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. 907 followers . 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. In 2018, berconnected talent rep Michael Kives headed out on his own. Categories. Cohen was never charged. Buffer. 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. Sometimes you inherit a kingdom, sometimes you build one. Download Our Free Guide: The Perfect Pitch Deck. Why It Worked. 2023 The Hollywood Reporter, LLC. Send us a tip using our annonymous form. Airbnb pitch deck proves that the key to winning is to keep things short. Find top employees, contact details and business statistics at RocketReach. In 2004 LinkedIn has raised $10M in funding from Greylock Partners in a Series-B investment round. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. Microsoft Inspire. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. Download Our Free Guide: The Perfect Pitch Deck. 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. (crickets) Yep - not as easy as it sounds. Meanwhile, the #MeToo and Black Lives Matter movements forced a reckoning at the agencies over their part in perpetuating systemic discrimination. Nonprofit. Your pitch deck boils down to the essential elements of your business plan. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. If they dont run screaming from the industry altogether, some become executives, others producers. Description. The firm announced Wednesday that it wil 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. 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. 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.. The goal is to encourage conversation and collaborationand eventually a drink or two at a bar being designed by client Luca Guadagninoand thats exactly whats happening today as the company prepares for a retreat at the home of managing partner Dave Bugliari and his wife, Alyssa Milano. Michael Ovitz was the best agent ever and even he failed, the partner noted. Times staff writer Ryan Faughnder contributed to this report. 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. 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. The agencies, with their recently diversified businesses, seem well insulated. 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.
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range media partners pitch deck