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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. 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.. 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. 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. From Chris Rock to the SAG Awards. Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. 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. Pitch Decks. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Nonprofit pitch deck. 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. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Justin Izzo. They're a must-have element and without one, it's difficult to get funded. But what happens when theyre gone? I fell in love with Pete very quickly, says Rich Cook, whod run the motion picture literary department at WME. By subscribing, I agree to the Terms of Use and Privacy Policy. Now, Cohens name has been thrust into the Hollywood limelight. Download Our Free Guide: The Perfect Pitch Deck. Range also collaborated on digital marketing strategies for her hair care line Flawless. 2023 The Hollywood Reporter, LLC. The company also plans to generate revenue by offering in-house production services. Sometimes you inherit a kingdom, sometimes you build one. 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. This market is growing at a 15% rate. You had challenges in the traditional film marketplace, so artists are talking to their fans more directly and theyre having to be more aggressive about revenue streams, because theres uneasiness in traditional film. 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. That takes strategy.. The document is closer to Jerry Maguires mission statement than an actual business plan, but it nonetheless was a bit barbed toward the status quo and provided a glimpse into areas a new company might be able to monetize. But the rise of streaming, the decline of cable, and the erosion of the theatrical business have cut into those fat paychecks. Here are some of the pitch decks that six startups which raised funding from a range of investors used. How Richard Rushfields The Ankler Took on Hollywood. 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. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. 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 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. That is your direct sales pitch straight to the potential customer. The Dark Scandals and Power Struggles of Sumner Redstone, Les Moonves,and the Companies They Controlled. 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.. By subscribing, I agree to the Terms of Use and Privacy Policy. 11:00 PM PST February 21, 2023. 2023 Deadline Hollywood, LLC. Phone Number +1-424-403-1500. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. 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. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) 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. BuzzFeed. New York-based manager Byron Wetzel also joined last week. Effective startup elevator pitch examples. (His family is residing in Lake Tahoe for the duration. This slide describes the overview of the brand Partnership Company which includes: Mission, vision. The Los Angeles Art World Is Having Its Gilded Age Moment. July 10, 2021. 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. After all, clients who havent worked in the past half year wont love having to pay more for representation. 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. Hundreds of thousands of developers . Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. It should contain slides outlining the features and offers of your media services company. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. 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." . 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? Rocketreach finds email, phone & social media for 450M+ professionals. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. 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. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. 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. Luckily, we've got all the answers for you! Many businesses at present use a pitch deck as their way of presenting a quick overview of a plan for investors. Coordinator, Film & TV at Range Media Partners Los Angeles, California, United States. Classic Airbnb pitch deck. While your plan is often 15 to 25 pages, your pitch deck will most likely only contain 11 slides that you must be able to deliver in 20 minutes. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. 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. Deadline is a part of Penske Media Corporation. Media Pitch Deck Examples. 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. Slide 1: Overview of Brand Partnership Company. Buzzfeed Pitch Deck Example. 10. Great! Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. DISPLAYING: 1 - 50 of 604 Items. Company Type For Profit. Modern pitch deck example. A 20-page deck on the companys plans was leaked, widely, under the heading Moxie Media. The rep business was also in flux, with the WGA bent on eradicating the packages and affiliated productions that had increasingly fueled agency coffers. An elevator pitch is a persuasive speech that you can give in around 30 seconds to a minutethe time it takes to use an elevator. As one former agent puts it, Before, the agents were the most powerful. Statement yellow elevator pitch example. The almighty startup pitch deck that helped Buffer to raise half a million dollars gained popularity by becoming one of the first pitch decks openly shared online. 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.. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. It's one of the most perfectly designed pitch decks ever made. 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 deal values Vox Media at half of what it was worth back in 2015, as many in the industry struggle with lagging advertising revenue. Subscribe for full access to The Hollywood Reporter. Some sources say a new breed of managerspeople whove been agents and understand dealmakingwill challenge them for primacy. 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 (non-representative) sample set of investor pitch decks below include eight Seed decks, four Series A, five Series B, and two Series C. Below are the key takeaways after observing the 19 total examples from transparent companies who shared their learnings with us: Average Seed round: $869,000. Year after year he maintained double-digit returns. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: 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. 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. 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. A 20-page deck on the company's plans was leaked, widely, under the heading Moxie Media. Below is an example from mobile payment service Square, which actually exhibits "best," "base," and "worst" case financial scenarios. 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 . In 1999 Ovitz formed Artists Management Group, but after a series of failures he sold it in 2002. Other backers include former New York Knicks coach David Fizdale, former Microsoft chief marketing officer Mich Mathews-Spradlin, and Grubhub founder and CEO Matt Maloney. Its definitely a less desirable job today.. 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? To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . Here's your step-by-step guide. Awards. 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 Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. The agencies, with their recently diversified businesses, seem well insulated. 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. 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. Thats something that I didnt have time for at my previous job.. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. 1. mcdonalds garfield mugs worth He was flush following Entertainment Ones $4 billion sale to Hasbro and launching a new talent management firm. Blog 50+ Pitch Deck Designs, Format, Examples 2023. Build for 2030. Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. The management world was shaken up, as well as the agencies. We want to take a deep, personal approach to our clients work while continuing to deliver great results. The next generation of agents will have that also.. 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 pitch deck goes into detail about what your services include and the benefits that you believe (or know!) Stacy Perman is a Company Town reporter working on investigations and enterprise stories covering the entertainment industry for the Los Angeles Times. 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. And it's the pitch deck that made Airbnb into the $385-billion startup that it is today. We want to take a deep, personal approach to our clients work while continuing to deliver great results. Range Media Partners General Information. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. 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. The range hires surprised the industry. This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. Ari Emanuel lets his AI alter ego open Endeavors earnings call, WGA chief negotiator David Young replaced due to illness ahead of key talks with studios, WGA asks members to vote on key demands in bargaining with studios, Hidden, illegal casinos are booming in L.A., with organized crime reaping big profits, Look up: The 32 most spectacular ceilings in Los Angeles, Elliott: Kings use their heads over hearts in trading Jonathan Quick, This fabled orchid breeder loves to chat just not about Trader Joes orchids, Alec Baldwin and Rust producers sued by crew members over fatal shooting, Rupert Murdoch admits he knew Fox News hosts endorsed false election fraud claims, deposition shows, Historic movie lot that gave Studio City its name to get $1-billion makeover, Choose your fighter: Cocaine Bear takes on Ant-Man at the box office. She always felt frustrated that, despite working with her clients to develop their careers, she was cut out of the creative process once she brokered deals. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. Shyamalans projects are being supported with music and soundtrack needs through Ranges in-house label. 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? We were all stretched pretty thin in our previous lives, says Whigham about changing up from an agent to a manager. |. It's where you have to convince them that your services can benefit their company. All the change in Hollywood has also created opportunities for enterprising young agents who want to discover new podcast talent and TikTok stars. 907 followers . In 2018, berconnected talent rep Michael Kives headed out on his own. Range Media represents a major shift in the talent business that hasnt seen a significant shakeup since 1995, when Ari Emanuel and three of his fellow ICM agents defected from ICM in a midnight raid to launch Endeavor. One such investment is with A+E Networks, which recently took a high-teens stake in the firm for $50M. So did Peter Micelli, the cohead of CAAs television department, who departed to join independent studio Entertainment One. Our Favorites. Range Media Partners is an Entertainment company located in US with 126 employees. 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. As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. You may occasionally receive promotional content from the Los Angeles Times. 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. It's a set of promotional materials to provide information to members of the news media to help them write articles. The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. 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. One of the most common mistakes founders make in their startup . Social. One of the primary documents essential to any early-stage company fundraising process is a pitch deck. ICM and UTA recently signed agreements with the union, but the other big agencies WME and CAA have not. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. 1 of 21. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos, MRC, James Wans Atomic Monster & 3 Arts In Deal To Develop Pornsak Pichetshotes Noir Graphic Novel The Good Asian Into Series, Searchlight Lands Theatrical Remake Rights To Oscar-Nominated National Geographic Docu Fire Of Love, Lava Love Story Of French Volcanologists, The Oscar-Nominated Women Behind Elvis: Gail Berman, Catherine Martin & Mandy Walker Speak On The Man, The Myth, The Movie. Airbnb pitch deck proves that the key to winning is to keep things short. But the new generation soon realized that coronation day was further off than they expected. The unanswered question in the announcement today is what clients the new company will start with, and whether those who already have managers will be open to splitting commissions with other managers, or leave their existing agencies. 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. 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. 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. 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. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. All. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. No one denies that the guys atop CAA, WME, and UTA are powerful. Part of Ranges power to propel their clients projects stems from a model which is built on creating multiple joint ventures with various studios and platforms for various projects. 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. We want Range to be a place where partners, artists and clients can come and say, You know what?

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