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. Sometimes you inherit a kingdom, sometimes you build one. The ballooning of the agencies might be good for businessand for enriching leaders like Emanuel, who made $308 million following Endeavors IPO in 2021but its fundamentally changed the day-to-day for talent reps. Strategy #3: Show What Your Product or Service Can Do. 10. 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. There are no big paychecks, the insiders said. Short franchise elevator pitch example. So, I would have followed him anywhere. This slide describes the overview of the brand Partnership Company which includes: Mission, vision. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. Operating Status Active. 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. Media Pitch Deck Examples. Because of the secrecy, chatter in Hollywood circles has focused on a potential management war for clients as well as Cohens past legal troubles. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. To make things even better, their charts use different colors for each statistic. Phone Number +1-424-403-1500. Nonprofit pitch deck. Training. During a pitch, you need to have a pitch deck as your visual aid. Strategy #1: Keep It Short and to-the-Point. Hundreds of thousands of developers . With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. But the rise of streaming, the decline of cable, and the erosion of the theatrical business have cut into those fat paychecks. 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. 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. U.K.-based Amadeus Capital Partners and Austria's Apex . But Cohens enviable success had long been the subject of speculation on Wall Street. Now there might be a splitting of the power. This still doesnt faze the old guard. 2023 The Hollywood Reporter, LLC. 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. 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. Nonprofit. Best Pitch Deck Examples & Analysis to Help Build Pitch Decks for 2023. 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. 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. Classic Airbnb pitch deck. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. The company is committed to providing equity to all founding staff, at every level, and recruiting and representing a diverse group of perspectives and backgrounds. Focus on positive reviews or attention related to your product. All of the principals will be given an unspecified ownership stake. 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. 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.. 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 deal values Vox Media at half of what it was worth back in 2015, as many in the industry struggle with lagging advertising revenue. Hollywood loves a comeback story, as long as you ask for redemption, and I dont know if that is Mr. Cohens style. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. All rights reserved. You have a product, you're ready to get out there and start selling! 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. 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 . 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. March 27, 2022. CAA has expanded into seemingly every business with even a passing connection to entertainment, adding a sports division to rep stars like Cristiano Ronaldo and launching a venture capital fund. But what happens when theyre gone? 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. ICM and UTA recently signed agreements with the union, but the other big agencies WME and CAA have not. In fact, this pitch deck had only 10 . This begged the question for Range Media Partners about what they might be able to exploit. 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. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. (His family is residing in Lake Tahoe for the duration. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. 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. 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. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. Sports. In the event you are very early stage or your growth is not that interesting I would avoid including it. Less than two weeks after SACs settlement with the SEC, Cohen bought Picassos Le Reve for $155 million from Steve Wynn. One thing we were seeing was that you have a lot more direct-to-consumer capabilities through digital and online. For his part, Micelli says hes focusing on growing Range into something he can pass on to the next generation. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. The pitch deck also included several quotes from the media that helped to validate the company and its current success. Build for 2030. Food & Beverages. A week after their high-profile exits, agents who represented A-list clients ranging from Michael Bay and Margot Robbie to Zac Efron and Tiffany Haddish have launched Range Media Partners, a new management and brand development company. It just felt the most appropriate next step for me was to do something that was at least partly mine.. 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. As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. Pitch deck. A media kit is also known as a press kit. Send us a tip using our annonymous form. He donated $1 million to Trumps inaugural committee. The deal calls for A+E Studios to become a co-production partner for scripted TV projects emerging from Range. Crypto / Web3. European VC firms Amadeus and Apex partner for 80m early-stage 'deep tech' fund. From Chris Rock to the SAG Awards. 2023 Deadline Hollywood, LLC. They seem more engaged than ever, having just guided CAA through a turbulent few years that saw a ferocious battle with Hollywood writers, a crippling pandemic, and a $750 million acquisition of rival agency ICM Partners. Its definitely a less desirable job today.. A pitch deck is a presentation that gives your audience an overview of your business plan. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. Strategy #2: Make It All About the Customer. Now, Cohens past is an open book because he is now in exclusive negotiations to buy the New York Mets baseball team. What they did: Mint made it clear through the pitch deck that they understood their investors well. . In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. By subscribing, I agree to the Terms of Use and Privacy Policy. Mint. Yearly revenue, etc. Send us a tip using our annonymous form. 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. Pitching is the first step in onboarding new clients into your media company. Find top employees, contact details and business statistics at RocketReach. Get our latest storiesin the feed of your favorite networks. 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. A pitch deck is usually a 10-20 slide presentation deck designed to give a short summary of your company, your business plan and your startup vision. We would like to show you a description here but the site won't allow us. SEOmoz Pitch Deck. Operator of a talent agency intended to offer curated representation. The timing certainly checked out. We are generating $1.92 million in annual revenue. Now throw in a potential recession and a potential writers strike. 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. Cannabis. Creating a pitch deck for social networks can be quite difficult and is unlike creating a pitch deck for any other vertical. 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. 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. One of the most common mistakes founders make in their startup . 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. Coordinator, Film & TV at Range Media Partners Los Angeles, California, United States. The writer we pitched ended up connecting us with a reporter at CNBC. CAA ostracized Ovitz, hurting AMGs ability to package series and movies. 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. Deadline is a part of Penske Media Corporation. 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 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. That is your direct sales pitch straight to the potential customer. Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. The industry is already reeling as the streaming services that were supposed to save the business have been hemorrhaging money. Guy Kawasaki's Pitch Deck Template. 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. Check out the pitch deck this AI brand strategy startup used to raise $30 million to . 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.. Something inside me told me this was the last retreat I was going to be on, he says. After all, clients who havent worked in the past half year wont love having to pay more for representation. 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. Another area distinguishing Range is its use of data analytics in negotiating for clients and informing their decisions. 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. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. The distinction between agents and managers can seem nebulous, but there are key differences. 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. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. July 10, 2021. 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. Managers typically have a smaller roster for whom they provide career guidance. She also writes about podcasting services, digital media and talent agencies. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. 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. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. Its their agency. . 1. 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. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? 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. Startups. Average Series A round: $7.3 million. Respected TV lit agents David Stone (WME partner) and Ben Jacobson (UTA partner) left to launch The Framework Collective management company, and WME agent Duncan Millership left to join Anonymous Content. 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. SEOmoz Pitch Deck makes excellent use of charts and graphs to illustrate data. What did Disney actually lose from its Florida battle with DeSantis? These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. 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. 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. 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. However, rather than fight the new normal, Range Medias philosophy is to embrace it. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. 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. 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. Your pitch deck should stand on its own as a . 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. Were not acting as agents at all, he says. Buffer pitch deck. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. 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.