2. Lovett began reminding staff that 60 was the new 40, according to two sources. My professional relationship with Rich is profound, I see him as a rock to hang on to and I have been building with him a strong complicity in our path, Guadagnino says. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Food & Beverages. So, theyre going to be more aggressive, more ambitious about a lot of different areas of their life on average, explains Whigham. Micelli argues that Hollywood just hasnt encountered a management company like Range before. Now, Cohens past is an open book because he is now in exclusive negotiations to buy the New York Mets baseball team. Billionaire hedge fund manager Steven A. Cohen is known for owning one of the best private art collections in the world and for his many multimillion-dollar homes. . Classic Airbnb pitch deck. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. 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. 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. Theres nothing better than when youre the dumbest person at the table, and you can get real advice from people you trust, says Susie Fox, who, while at UTA, signed up-and-coming comedians like Ali Wong, Jerrod Carmichael, and Ramy Youssef. The company also plans to generate revenue by offering in-house production services. 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.. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. 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. Connect. Currently we have 800 paying customers who are paying us $200/month. I was giving up a lot and risking an enormous amount. A pitch deck is a presentation that gives your audience an overview of your business plan. What happens when someone wakes up one day and realizes they dont want to be an agent anymore? 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. Shift Pitch Deck. At Range, shes producing a film that Ilana Glazer cowrote about an unplanned pregnancy. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Description. 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. Strategy #2: Make It All About the Customer. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. He quietly reached out to friends and former coworkers at the agencies to see who might be interested in joining him at this new firm while also pitching his vision to investors. 2023 Deadline Hollywood, LLC. 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. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. 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. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. 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. 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 defections, sparked by factors beyond succession in some cases, started with a trickle. 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. Also, Wetzel is bringing Michael Shannon as part of his stable. 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. Focus on positive reviews or attention related to your product. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. European VC firms Amadeus and Apex partner for 80m early-stage 'deep tech' fund. 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. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. 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. SHOW 50 100 200. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. An agency pitch deck is a presentation used to explain what your social media agency offers to new potential clients. 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.. 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. Creating a pitch deck for social networks can be quite difficult and is unlike creating a pitch deck for any other vertical. All Rights Reserved. The menand, yes, theyre still all menwho run the top agencies know better than to act alarmed about defections. 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. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. 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. 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. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. Year after year he maintained double-digit returns. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. Its their vision. All Rights Reserved. Michael Ovitz was the best agent ever and even he failed, the partner noted. He also presented the structure of the perfect pitch deck: Title Slide Corinne McCarthy, SEO & Online PR Specialist @ Web Talent Marketing. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. No one denies that the guys atop CAA, WME, and UTA are powerful. Legal experts weigh in, ChatGPT who? A Great Sales Deck can Make or Break a Deal. The next generation of agents will have that also.. 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. It has been nearly two years since a group of the best and brightest young agents and partners told their bosses they were stepping away from their million-dollar salaries to follow former eOne strategy officer and CAA television veteran Peter Micelli and be the founding partners of a new management company, Range Media Partners. We want Range to be a place where partners, artists and clients can come and say, You know what? The Airbnb pitch deck is a legend among presentation designers. . Still, both agents and managers are bracing for what will almost certainly be a rocky year. Meanwhile, the #MeToo and Black Lives Matter movements forced a reckoning at the agencies over their part in perpetuating systemic discrimination. 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. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. 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. 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. ICM and UTA recently signed agreements with the union, but the other big agencies WME and CAA have not. Times staff writer Ryan Faughnder contributed to this report. We would like to show you a description here but the site won't allow us. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? 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.. Los Angeles Times on Twitter: "In a 20-page pitch deck to investors . The industry is already reeling as the streaming services that were supposed to save the business have been hemorrhaging money. 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. - Crafted potential client pitch decks for agents to present in talent meetings Microsoft Partner Community. This is the moment where your audience needs to be saying "shut up and take . 3. A staple of the best pitch deck lists, Mint is a personal financial app to help track spending and savings. 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. The founding of the firm was a secret affair that began in March and caught most unawares. With its reported $100 million investment, PMC is now the largest shareholder of Vox Media. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. Keys to an Effective Pitch Deck. Do Not Sell or Share My Personal Information, Paramount to pay $122.5 million to settle lawsuit over CBS deal. For his part, Micelli says hes focusing on growing Range into something he can pass on to the next generation. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! And the agencies have been working on succession plans. In 2020, CAA created a board of top agents to help manage the agency. March 27, 2022. The press section of your startup pitch deck is a great opportunity to show off any buzz and get your investors excited about your business. 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. 22 Pitch Decks from Notable Social Media Startups. Range also collaborated on digital marketing strategies for her hair care line Flawless. Create. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. . As a leader at one top agency says, COVID was the hundred-year flood, and I think people made decisions about their lives at a scale that youve never seen before.. 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. This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. 907 followers . I needed a new energy. At Entertainment One, he got a crash course in running (and selling) a company. I also set aside time every week for creative time to think about ideas and about how to help somebody get to the next level, she says. A brand pitch deck should be no longer than 10-15 pages. The firm announced Wednesday that it wil 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? Awards. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. Its their dream., But conversations with nearly two dozen industry insiders suggest that management is more and more alluring as the aura around agents dims. And thats assuming that talent even want an agent. Insiders paint a different picture, with sources saying the company is being collaborative and following a non-poaching rule. 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. The Hollywood Reporter is a part of Penske Media Corporation. Many businesses at present use a pitch deck as their way of presenting a quick overview of a plan for investors. 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. Strategy #4: Use Your Brand Story to Create Hype. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. 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. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. 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. Vanity Fairs 2023 Hollywood Issue Welcomes You to the After-Party of Our Dreams, Inside the New Rights Next Frontier:The American West, The Strange, Sexually Charged Genesis of Gloria Swansons Legendary Memoir, King Charles Reportedly BeganEvicting Harry and MeghanAfterSpare, NetflixsMurdaugh Murders Team Say Theyve Uncovered New Crimes, Trumps Relationship With Jared and Ivanka Is About to Get a Lot More Awkward, The Cringey Sexcapades of a Horny Billionaire, What Is Cinema? Form And Sustain A Business Partnership Agenda For Form And Sustain Ppt File Deck PDF. 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. She also writes about podcasting services, digital media and talent agencies. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. Incorporate images, use a modern color scheme, and insert a pattern for a captivating design. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Cohen was never charged. Rian Johnson, Halle Berry, and More Share Their Inspiration, From the Archive: The Man Who Kept Marilyns Secrets (1991), Listen toVFsLittle Gold MenPodcast for Unrivaled Awards-Season Coverage, 2023 Cond Nast. In fact, this pitch deck had only 10 . Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. 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. 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. The timing certainly checked out. I built a career being very hands-on with the people that I represent, and I think all of our managing partners would say the same thing, which is that they were very managerial agents. 20 minutes is the longest time you should talk. (crickets) Yep - not as easy as it sounds. Give yourself a boost and start using this template to bring your ideas to your customers/partners. The pitch deck is an example of how basic and . Less than two weeks after SACs settlement with the SEC, Cohen bought Picassos Le Reve for $155 million from Steve Wynn. Cannabis. So, I would have followed him anywhere. As one former agent puts it, Before, the agents were the most powerful. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. Page. Here's your step-by-step guide. 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. Guy Kawasaki's Pitch Deck Template. 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. range media partners pitch deck. 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 . 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. 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 . Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. Crypto / Web3. Its their agency. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. 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. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. Famous sales pitch decks to inspire your pitch. The launch comes amid a wide range of blows buffeting the talent business. Leaving CAA felt much like a divorce, Micelli tells me. Something inside me told me this was the last retreat I was going to be on, he says. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Sandra Kang from CAA Global Brands Group, CAA Foundations Rachel Kropa, and manager Byron Wetzel (a New York-based manager who runs Wetzel Entertainment Group and has management clients including Michael Shannon) will round out the lineup of principals, with an additional founding member about to be named to lead a music division. 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. TVs top-rated drama may wrap as cocreator Taylor Sheridan pursues yet another franchise extensionthis one starring Matthew McConaughey. 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. 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. Download Our Free Guide: The Perfect Pitch Deck. Startups. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. That is your direct sales pitch straight to the potential customer. 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. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. But what happens when theyre gone? Step 1. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. 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.
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