As Cohens net worth rose so did his appetite for art. 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. 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 . This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. Impress your audience by adding images that help communicate the content in your pitch deck. Insiders paint a different picture, with sources saying the company is being collaborative and following a non-poaching rule. 10. Lovett, Lourd, and Huvane are now in their 60s. 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. Currently we have 800 paying customers who are paying us $200/month. Aside from a start with top dealmakers and strong ground-floor clients, Range began on solid financial footing. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. 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. 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. Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. 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. Legal experts weigh in, ChatGPT who? Average Series A round: $7.3 million. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production and what it all means for the future. The next generation of agents will have that also.. To keep up with the changing landscape, the agencies have chased growth. Nylas is all about efficiency. The pitch deck is an example of how basic and . What they did: Mint made it clear through the pitch deck that they understood their investors well. Paul Sawers. Mint. Last year, Emanuel tapped Richard Weitz and Christian Muirhead to co-run WME. 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. 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.. Food & Beverages. . Famous sales pitch decks to inspire your pitch. We want to take a deep, personal approach to our clients work while continuing to deliver great results. 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. Pitch decks are used by startups to convince investors to invest in their product. But can Rushfield and coconspirator Janice Min scale his scrappy newsletter into a big business? To revist this article, visit My Profile, then View saved stories. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. For our 29th annual Hollywood cover, a dozen captivating young stars gather for the after-party of our dreams. He also presented the structure of the perfect pitch deck: Title Slide One thing we were seeing was that you have a lot more direct-to-consumer capabilities through digital and online. Until now, Point72 has maintained four areas of focus: artificial intelligence, financial services, enterprise technology and healthcare. Strategy #2: Make It All About the Customer. 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. A 30-point font is the smallest font size you should use on your slides. 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. 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.. Creating a pitch deck for social networks can be quite difficult and is unlike creating a pitch deck for any other vertical. Yeah, we remember that Sunday well, says Jack Whigham, who left CAA for the new opportunity. Design. The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. (I read it the second I see it pop up, says Richard Plepler.) 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. The agencies, with their recently diversified businesses, seem well insulated. As one former agent puts it, Before, the agents were the most powerful. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. 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. 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. Find top employees, contact details and business statistics at RocketReach. The range hires surprised the industry. Marketing. Get our latest storiesin the feed of your favorite networks. But in 2017, during the agencys annual retreat at a resort near San Diego, Micelli realized it was time to quit. 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. Its just an ever-changing time in the industry, says another person who recently left a plum agency job. Core values. Send us a tip using our annonymous form. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. 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. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. This week, Cohen, who has a minority stake in the New York Mets, entered into exclusive negotiations to buy the team, besting a consortium led by Alex Rodriguez and Jennifer Lopez, CNBC reported. Something inside me told me this was the last retreat I was going to be on, he says. TVs top-rated drama may wrap as cocreator Taylor Sheridan pursues yet another franchise extensionthis one starring Matthew McConaughey. In short, it "makes software work better.". 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. In the event you are very early stage or your growth is not that interesting I would avoid including it. Microsoft Partner Community. . you can offer. Square pitch deck from pitchenvy. The pitch deck goes into detail about what your services include and the benefits that you believe (or know!) 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. 2023 Deadline Hollywood, LLC. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. It is close to what one of Hollywood's biggest, most established management-production . 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. Proptech. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) The defections, sparked by factors beyond succession in some cases, started with a trickle. It would be easy for Bradley Cooper or Tom Hardy to make the move, but it might be more cumbersome for Margot Robbie, who has a long relationship with her Management 360 reps who built her career along with Range partner Bugliari while he was at CAA. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOnes Chief Strategy Officer in April, and was quarantined with family in Lake Tahoe and figuring out what to do next. We want Range to be a place where partners, artists and clients can come and say, You know what? That is your direct sales pitch straight to the potential customer. Engaging Content Marketing for Boring Industries from Market MindShift. 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. Below is an example from mobile payment service Square, which actually exhibits "best," "base," and "worst" case financial scenarios. 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 flood came in 2020, when four top agentswho repped Margot Robbie and Chris Hemsworth, among othersannounced that they were quitting to reunite with Micelli. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. It's one of the most perfectly designed pitch decks ever made. Strategy #4: Use Your Brand Story to Create Hype. Yearly revenue, etc. 2023 The Hollywood Reporter, LLC. Noting that current representation system is broken, lack of transparency has eroded trust, the document made a persuasive argument that a well-organized management venture could find a seam in the marketplace. 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. Dozens of employees lounge on chairs and couches inside the airy building, where not even the partners keep permanent desks. Management is a civil game compared to agenting: poaching is rare, except when former CAA chief Michael Ovitz formed AMG and hired away CAA agent Mike Menchel and drew his star client Robin Williams, and brought over Tom Clancy from WMA. The founders are taking financial hits on making the move, but it could pay off in the long run. All. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Deadline is a part of Penske Media Corporation. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 . How to create a social media marketing pitch deck. . According to SlideGenuis, the cost of a pitch deck can be split into three categories: the low-end pitch deck, mid-range presentation design, and the upper-end presentation services. In fact, this pitch deck had only 10 . Michael Ovitz was the best agent ever and even he failed, the partner noted. 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. These startup pitch deck examples wouldn't cut it in 2023 and we'll tell you why. Justin Izzo. Why Netflix is dabbling in livestreaming, Desperate mountain residents trapped by snow beg for help; We are coming, sheriff says, Newsom, IRS give Californians until October to file tax returns, 15 arrested across L.A. County in crackdown on fraudulent benefit cards, Column: A transgender patients lawsuit against Kaiser is a front for the conservative war on LGBTQ rights, After a rough 2019, Hollywoods talent agencies brace for more uncertainty, range of blows buffeting the talent business, How strong is Dominions defamation case against Fox News? Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. I fell in love with Pete very quickly, says Rich Cook, whod run the motion picture literary department at WME. range media partners pitch deck. 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. We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. 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. 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. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. It should contain slides outlining the features and offers of your media services company. This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. The menand, yes, theyre still all menwho run the top agencies know better than to act alarmed about defections. The pitch deck also included several quotes from the media that helped to validate the company and its current success. 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. Modern pitch deck example. 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. Key Takeaway: The best pitch deck examples use clean, uncluttered slides with plenty of white space. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Cohen converted SAC Capital to Point72 Asset Management, a vehicle to invest his own wealth. No one denies that the guys atop CAA, WME, and UTA are powerful. 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.. 1 of 21. 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. So did Peter Micelli, the cohead of CAAs television department, who departed to join independent studio Entertainment One. The deal calls for A+E Studios to become a co-production partner for scripted TV projects emerging from Range. Download Our Free Guide: The Perfect Pitch Deck. 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. The reader should be able to get the gist of your pitch without getting bogged down in time-consuming details. However, rather than fight the new normal, Range Medias philosophy is to embrace it. 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. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. 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. With its reported $100 million investment, PMC is now the largest shareholder of Vox Media. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. 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 Other. Check out the pitch deck this AI brand strategy startup used to raise $30 million to . We have never seen more high-end representatives ready to leave these institutions.. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. 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? Create. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. Give yourself a boost and start using this template to bring your ideas to your customers/partners. 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. Luckily, we've got all the answers for you! Buffer. 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. 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. But who will the next generation be if younger agents keep changing lanes, though? 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. SEOmoz Pitch Deck makes excellent use of charts and graphs to illustrate data. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: Inclusive economy. 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. 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. These presentations last no more than 20 slides and are meant to give full detail of a particular business idea instead of a full-blown presentation ranging from more than 30 slides. 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. Incorporate images, use a modern color scheme, and insert a pattern for a captivating design. Period. (His family is residing in Lake Tahoe for the duration. Deadline is a part of Penske Media Corporation. 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. Leaving CAA felt much like a divorce, Micelli tells me. Buffer is a social media scheduling platform that helps you schedule content for Facebook, Twitter, LinkedIn, and Pinterest. 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. In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. One of the most common mistakes founders make in their startup . Table of Contents. Social. 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. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. 11:00 PM PST February 21, 2023. 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. - Crafted potential client pitch decks for agents to present in talent meetings The company has also expanded from film and TV into music management, marketing, branding, sports and TV production, as well as more speculative business like Web3 and the metaverse. Give yourself a boost and start using this template to bring your ideas to your customers/partners. Our access to clients, our ability to influence decisions they make and create opportunities for talent and for people who want to work with talentthat makes us powerful, says Zimmer. Log in Nonprofit pitch deck. 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. Times staff writer Ryan Faughnder contributed to this report. 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.