The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. Dozens of employees lounge on chairs and couches inside the airy building, where not even the partners keep permanent desks. After the agencies fight with the Writers Guild of America, during which thousands of writers fired their agents, some (like Lost cocreator Damon Lindelof) never hired them back. We dont necessarily feel its competitive., I just kept coming back to, WHY WORK for anybody again? 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. 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. All of the principals will be given an unspecified ownership stake. 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. 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. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Effective startup elevator pitch examples. Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. 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. In July 2013, Preet Bharara, then the U.S. Attorney for the Southern District of New York, announced criminal charges against SAC for which it eventually pleaded guilty, saying the firm had become a veritable magnet for market cheaters., We take responsibility for the handful of men who pleaded guilty, SAC said in a statement at the time. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Its their agency. There are plenty of people who are still quite happy working their way through the talent agency system. With the old guard holding on to power, younger talent reps are shaking up the industry by changing lanes. 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. He also presented the structure of the perfect pitch deck: Title Slide To make things even better, their charts use different colors for each statistic. 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. 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. Short franchise elevator pitch example. (I read it the second I see it pop up, says Richard Plepler.) Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. Pitch decks are used by startups to convince investors to invest in their product. Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. All rights reserved. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. 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. 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Strategy #4: Use Your Brand Story to Create Hype. 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. Meanwhile, the #MeToo and Black Lives Matter movements forced a reckoning at the agencies over their part in perpetuating systemic discrimination. 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.. 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. Buffer is a social media scheduling platform that helps you schedule content for Facebook, Twitter, LinkedIn, and Pinterest. Core values. By subscribing, I agree to the Terms of Use and Privacy Policy. Are you tasked with using content to market a "boring" industry, and feeling envious of those who get to promote "fun" industries? 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. In April 2019, the writers union instructed its members to fire their agents who did not sign a deal with the WGA to end the longstanding practice of packaging fees, further eroding a revenue stream for agencies. 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. 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. All Rights Reserved. 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. A staple of the best pitch deck lists, Mint is a personal financial app to help track spending and savings. SEOmoz Pitch Deck makes excellent use of charts and graphs to illustrate data. To keep up with the changing landscape, the agencies have chased growth. 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. 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. We want to hear from you! 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. It's a set of promotional materials to provide information to members of the news media to help them write articles. No one denies that the guys atop CAA, WME, and UTA are powerful. Ad Choices. And if talent are forced to make hard choices, are they more likely to dump their agents or their managers first? 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. 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. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. In 2020, CAA created a board of top agents to help manage the agency. It was just me and our COO, Rob Whittel, and we literally said to each other, What do we do with the money if nobody comes? European VC firms Amadeus and Apex partner for 80m early-stage 'deep tech' fund. 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. He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. Famous sales pitch decks to inspire your pitch. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. Operating Status Active. The industry is already reeling as the streaming services that were supposed to save the business have been hemorrhaging money. Social. 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. 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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. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. Range Media is also reportedly cash-flow positive over the last five months. The launch comes amid a wide range of blows buffeting the talent business. After his windfall, Micelli had offers from agencies: But I just kept coming back to, Why work for anybody again? We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. As a Content Marketing Manager at Atrium, Mark drove messaging efforts across a range of marketing assets, including blogs, newsletters, social media, landing pages, pitch decks, product demos . 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. U.K.-based Amadeus Capital Partners and Austria's Apex . 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. Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. After all, clients who havent worked in the past half year wont love having to pay more for representation. Get our latest storiesin the feed of your favorite networks. Airbnb pitch deck proves that the key to winning is to keep things short. 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. 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. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. 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? Contact Information. One of the most common mistakes founders make in their startup . We want to hear from you! The agencies, with their recently diversified businesses, seem well insulated. He snapped up a Jackson Pollock painting from David Geffen for $52 million and paid $101 million at auction for Giacomettis 1950 sculpture, The Chariot.. The defections, sparked by factors beyond succession in some cases, started with a trickle. |. 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. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. (His family is residing in Lake Tahoe for the duration. Research Lead, Dropbox DocSend. Based on this experience, I'll share what I've learned about creating a . 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. Mint. 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. The firm announced Wednesday that it wil From Chris Rock to the SAG Awards. Another la carte consultation from Range is in the realm of music. Key Takeaway: The best pitch deck examples use clean, uncluttered slides with plenty of white space. 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. 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 . 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. Tech. They will join exiting CAA agents Dave Bugliari, Michael Cooper, Mick Sullivan and Jack Whigham, UTA agents Mackenzie Condon Roussos, Susie Fox, Chelsea McKinnies & Lucinda Moorhead and WME lit agent Rich Cook. 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. The company offers in-house production, brand development, and representation services, enabling artists to get the opportunities they seek. In a joint statement, the founders said, We are incredibly proud to begin this exciting adventure together. The deal calls for A+E Studios to become a co-production partner for scripted TV projects emerging from Range. 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. What did Disney actually lose from its Florida battle with DeSantis? The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Now these places have hundreds, if not thousands, of employees who have to wear name tags to corporate retreats so they can recognize their own colleagues.