Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. In a joint statement, the founders said, We are incredibly proud to begin this exciting adventure together. Your pitch deck boils down to the essential elements of your business plan. Its their vision. Luckily, we've got all the answers for you! Great! 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. Table of Contents. Legal Name Range Media Partners. 2023 Deadline Hollywood, LLC. 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. Shyamalans projects are being supported with music and soundtrack needs through Ranges in-house label. 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. All Rights Reserved. Event. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. 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. Pitching is the first step in onboarding new clients into your media company. 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. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? Micelli argues that Hollywood just hasnt encountered a management company like Range before. 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. TikTok's pitch deck is a massive 39-slide presentation covering all aspects of the company and its platform. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . Now, Cohens name has been thrust into the Hollywood limelight. Connect. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! Now there might be a splitting of the power. This still doesnt faze the old guard. Business idea pitch deck. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 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. Strategy #1: Keep It Short and to-the-Point. All. The Range Media Partners team, top from left, Peter Micelli, Rob Whittel, Mackenzie Roussos, Susie Fox, Jack Whigham; middle, Sandra Kang, Mick Sullivan, Matt Graham, Natalie Bruss, Rich Cook; bottom, Chelsa McKinnies Michael Cooper, Byron Wetzel, Dave Bugliari, Rachel Kropa. 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. After outperforming rivals for years, his hedge fund, Capital Advisors, pleaded guilty in 2013 to insider trading and paid $1.8B in fines $900M in forfeiture and the same amount in fines in one of the biggest criminal cases against a hedge fund that kept Cohen from investing for two years. 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. 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. Balance the storytelling element of your presentation with . Craft an elevator pitch that's a succinct briefing of your event. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. It's one of the most perfectly designed pitch decks ever made. Download Our Free Guide: The Perfect Pitch Deck. Range Media Partners General Information. The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. Buffer is a social media scheduling platform that helps you schedule content for Facebook, Twitter, LinkedIn, and Pinterest. But in 2017, during the agencys annual retreat at a resort near San Diego, Micelli realized it was time to quit. Categories. We are generating $1.92 million in annual revenue. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. Phil Sun left WME and brought Michael B. Jordan and Donald Glover to a new management firm, M88, focused on a diverse clientele. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. However, he is perhaps best known for having been the subject of one of the governments most high-profile insider trading investigations. Pitch decks are used by startups to convince investors to invest in their product. A media kit is also known as a press kit. Lovett began reminding staff that 60 was the new 40, according to two sources. We were just thinking about what was needed.. 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 . Impress your audience by adding images that help communicate the content in your pitch deck. 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. 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. 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. SHOW 50 100 200. 1. 20 Pitch Decks from Well-Known Media Startups. All Rights Reserved. Create. In the early 2010s, the leaders of Hollywoods most powerful talent agency, CAA, began telling senior agents that the kingdom would someday be theirs. 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. (His family is residing in Lake Tahoe for the duration. One is to be well capitalized, so that if you were actually bringing money to the table and certain opportunities, you could either leverage great opportunities or you can get stuff over the line, Whigham says. 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. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. 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. The launch comes amid a wide range of blows buffeting the talent business. Effective startup elevator pitch examples. . 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. I needed a new energy. At Entertainment One, he got a crash course in running (and selling) a company. 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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. 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. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. Blog 50+ Pitch Deck Designs, Format, Examples 2023. . But who will the next generation be if younger agents keep changing lanes, though? 50m fund, focus on seed investments in energy. The deal calls for A+E Studios to become a co-production partner for scripted TV projects emerging from Range. Below is an example from mobile payment service Square, which actually exhibits "best," "base," and "worst" case financial scenarios. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. Strategy #5: Build an Emotional Connection. By initiative. To make things even better, their charts use different colors for each statistic. 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. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. A Great Sales Deck can Make or Break a Deal. Based on this experience, I'll share what I've learned about creating a . But it was coupled with this new opportunity to learn and sit on the other side of the table. Movie agent Jim Toth and top sports rep Nick Khan left for new opportunities too. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. 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. 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." . 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. 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. 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 (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. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. If they dont run screaming from the industry altogether, some become executives, others producers. And it's the pitch deck that made Airbnb into the $385-billion startup that it is today. These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. |. 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. There's thousands of high-quality images in . We want to take a deep, personal approach to our clients work while continuing to deliver great results. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. It is close to what one of Hollywoods biggest, most established management-production companies, 3 Arts, sold for in 2018 after 27 years in the business. Were not acting as agents at all, he says. Press slide. Marketing. 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. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: Unlike other management firms, who, like the agencies, handled a massive list of clients, Range would prioritize top, exclusive talent. 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. Give yourself a boost and start using this template to bring your ideas to your customers/partners. Modern pitch deck example. Industry observers view the new company as an institutional shift in industry, where many agents have grown frustrated watching a handful of partners reap millions while their own opportunities for advancement remain limited in an uncertain market. But the new generation soon realized that coronation day was further off than they expected. As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. Engaging Content Marketing for Boring Industries from Market MindShift. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. Here are nine steps to creating a standout pitch deck. 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. The range hires surprised the industry. I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. 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. We found out that there are 101,680 online retailers who fit this profile so the total estimated obtainable market size is $750 million. The rep business was also in flux, with the WGA bent on eradicating the packages and affiliated productions that had increasingly fueled agency coffers. 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.. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. Also, Wetzel is bringing Michael Shannon as part of his stable. Surge Ventures. 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. 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.. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The pandemic has forced the shutdown of TV and film productions while live shows have been canceled or postponed. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. 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. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. Alto Pitch Deck. The Airbnb pitch deck is a legend among presentation designers. 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. Forget that the last three years even happened, and its still arguably harder to be an agent right now than at any other time. Range Media is also reportedly cash-flow positive over the last five months. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) Managing partners took sizable pay cuts to leave their agent gigs, but none of the people I speak with express regret. 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? 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. Phone Number +1-424-403-1500. Year after year he maintained double-digit returns. Paul Sawers. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. 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. 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. One of the best storytelling methods for funding pitches is to use customer examples. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. Send us a tip using our annonymous form. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. The agencies, with their recently diversified businesses, seem well insulated. 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. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? In fact, this pitch deck had only 10 . Discover communities . The great news is though that since Rich told me about Range, I realized how powerful and visionary they were in waiting to make such a disruptive move, so now the reasons became two. Range Media Partners, the talent representation company launched by an army of former top agents last year, is jumping into the world of betting and gaming. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement.