One of the primary documents essential to any early-stage company fundraising process is a pitch deck. Keep it snappy. Check out the pitch deck this AI brand strategy startup used to raise $30 million to . 2. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. If we cant get the needle movers, if we cant get the people that really matter, could we call Steve and give the money back? But by September, 10 people from CAA, WME, and UTA had signed onand many clients followed them. 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. 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. Microsoft Partner Community. So did Peter Micelli, the cohead of CAAs television department, who departed to join independent studio Entertainment One. Table of Contents. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. Another la carte consultation from Range is in the realm of music. Their clients understood their reps sell that this could be the new phase in an ever-shifting Hollywood, with an emphasis on hands-on representation, and a lean into branded opportunities outside their onscreen work. Operating Status Active. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. 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. Discover communities . He also presented the structure of the perfect pitch deck: Title Slide 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. 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. Its a hard change. They're a must-have element and without one, it's difficult to get funded. Wayfair Pitch Deck. Aside from a start with top dealmakers and strong ground-floor clients, Range began on solid financial footing. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. Here's your step-by-step guide. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? 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. Impress your audience by adding images that help communicate the content in your pitch deck. The Hollywood Reporter is a part of Penske Media Corporation. The pitch deck also included several quotes from the media that helped to validate the company and its current success. How to create a social media marketing pitch deck. It's where you have to convince them that your services can benefit their company. Something inside me told me this was the last retreat I was going to be on, he says. Newest. By saying were going to do something more intimate and boutique with less clients, were going to spend more time on the things that are either not on the menu or hard to achieve because they do take a lot of time. 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. It's one of the most perfectly designed pitch decks ever made. The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. 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. How Richard Rushfields The Ankler Took on Hollywood. The company also plans to generate revenue by offering in-house production services. One thing we were seeing was that you have a lot more direct-to-consumer capabilities through digital and online. 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. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. 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. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. 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. Many businesses at present use a pitch deck as their way of presenting a quick overview of a plan for investors. Pitch deck. This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: One agent looked at THEIR BOSSES and thought, Oh, you guys are never going to leave. Classic Airbnb pitch deck. BuzzFeed. Talent agencies including WME, CAA, UTA and ICM Partners have undertaken severe cost-cutting measures such as layoffs, furloughs, hour reductions or salary cuts. Meanwhile, the #MeToo and Black Lives Matter movements forced a reckoning at the agencies over their part in perpetuating systemic discrimination. Our Favorites. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. 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. In 2018, berconnected talent rep Michael Kives headed out on his own. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. Proptech. Whether you're looking for customer pitch-decks or copy blocks, the marketing assets page lets you filter down to the exact type of content you need . And the agencies have been working on succession plans. Get our latest storiesin the feed of your favorite networks. The collapse of the syndication market in television has slashed back-end profits, a lucrative source of income. You can use a pitch deck when meeting with potential investors, customers and business partners. One of the best storytelling methods for funding pitches is to use customer examples. That is your direct sales pitch straight to the potential customer. She also writes about podcasting services, digital media and talent agencies. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. . The industry is already reeling as the streaming services that were supposed to save the business have been hemorrhaging money. As for the Trump stuff, insiders said that he is not some MAGA hat wearing Trump acolyte; he has given over the years to politicians on both sides of the aisle and been generous to philanthropic causes. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. Core values. I was giving up a lot and risking an enormous amount. Give yourself a boost and start using this template to bring your ideas to your customers/partners. Mint. 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. The Wall Street Journal dubbed him the hedge fund king. Cohen was known for assiduously following the market, placing high volume bets on small fluctuations in stock prices. Seven years later Cohen was running his own division at Gruntal. To fuel the expansion, the company opened its doors to a private equity investor, TPG Capital, which now owns a majority stake in the agency. 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. The distinction between agents and managers can seem nebulous, but there are key differences. Dark marketing pitch deck. 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. Page. 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. You have a product, you're ready to get out there and start selling! 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. In short, it "makes software work better.". For our 29th annual Hollywood cover, a dozen captivating young stars gather for the after-party of our dreams. However, he is perhaps best known for having been the subject of one of the governments most high-profile insider trading investigations. In fact, this pitch deck had only 10 . It focused on describing . 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. 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. 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. Operator of a talent agency intended to offer curated representation. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. March 27, 2022. All Rights Reserved. Build for 2030. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Training. Awards. Media Pitch Deck Examples. Were not acting as agents at all, he says. Hollywood loves a comeback story, as long as you ask for redemption, and I dont know if that is Mr. Cohens style. At Range however, partners have equity stakes and discretionary bonuses are eliminated as theyre often a bone of contention. Food & Beverages. In 2020, CAA created a board of top agents to help manage the agency. 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? Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. (His family is residing in Lake Tahoe for the duration. Slide 1: Overview of Brand Partnership Company. Managing partners took sizable pay cuts to leave their agent gigs, but none of the people I speak with express regret. Unlike other management firms, who, like the agencies, handled a massive list of clients, Range would prioritize top, exclusive talent. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. All of the principals will be given an unspecified ownership stake. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos. 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 . Focus on positive reviews or attention related to your product. After all, clients who havent worked in the past half year wont love having to pay more for representation. 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. . 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. Send us a tip using our annonymous form. All the change in Hollywood has also created opportunities for enterprising young agents who want to discover new podcast talent and TikTok stars. 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. What happens when someone wakes up one day and realizes they dont want to be an agent anymore? There's thousands of high-quality images in . 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. We believe that bringing a really sophisticated point of view and capability on the data analytics informs opportunities and strategies immensely because Hollywood traditionally has been a little bit gut instinct, Whigham says. 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 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. The company offers in-house production, brand development, and representation services, enabling artists to get the opportunities they seek. Guy Kawasaki's Pitch Deck Template. Deadline is a part of Penske Media Corporation. Average Series A round: $7.3 million. Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. Media kits may live fully-online as responsive online press pages. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry.