Last year, Emanuel tapped Richard Weitz and Christian Muirhead to co-run WME. SEOmoz Pitch Deck. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. . 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. 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. 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. Two former agents from UTA and WME, Ben Jacobson and David Stone, recently launched the Framework Collective to manage TV writers. Description. Michael Ovitz was the best agent ever and even he failed, the partner noted. All the change in Hollywood has also created opportunities for enterprising young agents who want to discover new podcast talent and TikTok stars. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. 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. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. 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. All Rights Reserved. So, I would have followed him anywhere. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. Modern pitch deck example. 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. During a pitch, you need to have a pitch deck as your visual aid. The founding of the firm was a secret affair that began in March and caught most unawares. It just felt the most appropriate next step for me was to do something that was at least partly mine.. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. The distinction between agents and managers can seem nebulous, but there are key differences. 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. . Stay away from negative press unless you can show you've changed those negative opinions. Leaving CAA felt much like a divorce, Micelli tells me. 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. 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. Forget that the last three years even happened, and its still arguably harder to be an agent right now than at any other time. All of the principals will be given an unspecified ownership stake. Mint. 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. Something inside me told me this was the last retreat I was going to be on, he says. 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. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. NEW YORK - March 04, 2022 - A+E Networks, a global multiplatform Media and IP company comprised of some of the most popular and culturally-relevant brands in the entertainment ecosystem, has entered into a strategic partnership with Range Media Partners, which connects with the world's most creatively ambitious talent, brands, and . Less than two weeks after SACs settlement with the SEC, Cohen bought Picassos Le Reve for $155 million from Steve Wynn. Contact Information. This slide describes the overview of the brand Partnership Company which includes: Mission, vision. I fell in love with Pete very quickly, says Rich Cook, whod run the motion picture literary department at WME. The writer we pitched ended up connecting us with a reporter at CNBC. 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. 10. 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. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. Legal experts weigh in, ChatGPT who? 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. It used to be that a good-idea-turned-PowerPoint was enough to get some amount of funding, but this is not the case in 2023. We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. Year after year he maintained double-digit returns. 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 . Operating Status Active. I had an incredible business there and left at the height of my career. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 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. Download Our Free Guide: The Perfect Pitch Deck. 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. The Los Angeles Art World Is Having Its Gilded Age Moment. Corinne McCarthy, SEO & Online PR Specialist @ Web Talent Marketing. With the old guard holding on to power, younger talent reps are shaking up the industry by changing lanes. Contact Email info@rangemp.com. 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. 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. Send us a tip using our annonymous form. Form And Sustain A Business Partnership Agenda For Form And Sustain Ppt File Deck PDF. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. He donated $1 million to Trumps inaugural committee. We all have the same promise to each other, which is like, lets go take a shot and build something.. All Rights Reserved. By initiative. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: Now, Cohens name has been thrust into the Hollywood limelight. Because of the secrecy, chatter in Hollywood circles has focused on a potential management war for clients as well as Cohens past legal troubles. 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.. 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. With its reported $100 million investment, PMC is now the largest shareholder of Vox Media. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. From Chris Rock to the SAG Awards. Paul Sawers. Media Pitch Deck Examples. The flood came in 2020, when four top agentswho repped Margot Robbie and Chris Hemsworth, among othersannounced that they were quitting to reunite with Micelli. Revolut Pitch Deck. 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. Deadline called the news a bombshell. An insider told The Hollywood Reporter that such an exodus was unheard of. During the battle with the WGA, CAAs Lourd argued in a legal declaration that the ongoing dispute had made agency clientslike Lindelof, who signed with Rangeripe for poaching. 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. 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. Thats something that I didnt have time for at my previous job.. 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. We found out that there are 101,680 online retailers who fit this profile so the total estimated obtainable market size is $750 million. 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. (crickets) Yep - not as easy as it sounds. Rocketreach finds email, phone & social media for 450M+ professionals. 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. 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. Education partners. Justin Izzo. Guy Kawasaki created his 10-20-30 rule for Pitch Deck which means: 10 slides are the optimal number for a presentation. What was standing out in Moz's pitch deck was, as the company was already in business when the pitch was made, they could easily present the exact revenue rates, prices, average customer lifetime value, estimated revenue, cost of paid acquisition, etc.. Here are some of the pitch decks that six startups which raised funding from a range of investors used. Great! This market is growing at a 15% rate. Log in It should contain slides outlining the features and offers of your media services company. Another la carte consultation from Range is in the realm of music. 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. 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. Range Media Partners General Information. 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. Get our latest storiesin the feed of your favorite networks. Total fundraising numbers for each startup in the list below are according to PitchBook data . Social. Microsoft Inspire. Last Funding Type Corporate Round. 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 . 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. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. Other. Here are nine steps to creating a standout pitch deck. In 2018, berconnected talent rep Michael Kives headed out on his own. You can use a pitch deck when meeting with potential investors, customers and business partners. 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. Find top employees, contact details and business statistics at RocketReach. The founders are taking financial hits on making the move, but it could pay off in the long run. But Cohens enviable success had long been the subject of speculation on Wall Street. The firm announced Wednesday that it wil Give yourself a boost and start using this template to bring your ideas to your customers/partners. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. They're a must-have element and without one, it's difficult to get funded. Slide 1: Overview of Brand Partnership Company. 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. Now throw in a potential recession and a potential writers strike. 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. 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. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. 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. Training. 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. Walmart - Flipkart Pitch Deck. Why It Worked. Strategy #4: Use Your Brand Story to Create Hype. Focus on positive reviews or attention related to your product. Impress your audience by adding images that help communicate the content in your pitch deck. All Rights Reserved. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production and what it all means for the future. Nonprofit. It focused on describing . 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. Its a hard change. Operator of a talent agency intended to offer curated representation. Range is clearly trying to position itself as a one-stop shopping center where celebrities can have both management representation and financing for these expanded entities, said Lindsay Conner, partner at Manatt, Phelps & Phillips. 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 #1: Keep It Short and to-the-Point. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. Our Favorites. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. 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." . Artists have spent their careers building other peoples assets, not building themselves into their own assets, says managing partner Bruss, who has worked extensively with Gabrielle Union. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? Wherever there are thrones, there are games. Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. I was like, Fuck no, its not, says one of them, who recalls thinking, Oh, you guys are never going to leave. 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. Key Takeaway: The best pitch deck examples use clean, uncluttered slides with plenty of white space. 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. 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.
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