Modern pitch deck example. 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. Range Media Partners is an Entertainment company located in US with 126 employees. Talent agencies are under growing pressure to raise capital to finance growth at time of rapid changes in the media industry. A brand pitch deck should be no longer than 10-15 pages. 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.. Shift Pitch Deck. 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. Signup for Breaking News Alerts & Newsletters. CAA has expanded into seemingly every business with even a passing connection to entertainment, adding a sports division to rep stars like Cristiano Ronaldo and launching a venture capital fund. This market is growing at a 15% rate. 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. Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. Previously, Range had formed a joint venture with A+E Studios which put the series White House Doctor in development at Fox with Alyssa Milano producing. The founding of the firm was a secret affair that began in March and caught most unawares. 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. The pitch deck is an example of how basic and . U.K.-based Amadeus Capital Partners and Austria's Apex . Education partners. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: 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. . . Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. Connect. Pitch decks are used by startups to convince investors to invest in their product. 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. Range Media also represents a shift for Cohen, whose net worth Bloomberg estimates is $10.1 billion. 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. BuzzFeed is a highly popular internet entertainment, news, and media company that has been at the forefront of digital journalism since it was founded in 2006. 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. He noted that prior to his firms SEC indictment, he was considered a rock star by most heavy hitters in Hollywood because of his rogue style and awesome returns as a hedge fund manager. Categories. We are generating $1.92 million in annual revenue. Pitching is the first step in onboarding new clients into your media company. Impress your audience by adding images that help communicate the content in your pitch deck. 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. But the pandemic didnt cause the departures, it just accelerated them. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. Sometimes you inherit a kingdom, sometimes you build one. But Cohens enviable success had long been the subject of speculation on Wall Street. Our research shows that the average Team slide in a pre-seed deck has 80 words (compared to the 50-word average on most other slides). 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. 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.. Pitch deck. Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61; Reactions + Career In Photos. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. 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 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. Yearly revenue, etc. The management world was shaken up, as well as the agencies. Dark marketing pitch deck. 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. Microsoft Partner Community. Now there might be a splitting of the power. This still doesnt faze the old guard. However, rather than fight the new normal, Range Medias philosophy is to embrace it. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. Lovett began reminding staff that 60 was the new 40, according to two sources. There was a dynamic change that was coming, and the company would be reflective of dealing with that., That was what was really motivating for us, because when you looked around, you said OK, you see the big shifts coming in terms of what Web3 is going to do and the Writers Guild issues and the issues all representatives are having with the streaming backends and the buyouts, he adds. ICM and UTA recently signed agreements with the union, but the other big agencies WME and CAA have not. To revist this article, visit My Profile, then View saved stories. 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. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. Your pitch deck should stand on its own as a . March 27, 2022. 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. 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. The collapse of the syndication market in television has slashed back-end profits, a lucrative source of income. 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 . We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. 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. 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? Paul Sawers. 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. Deadline is a part of Penske Media Corporation. 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. 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. 2023 Deadline Hollywood, LLC. 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 Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. Theresa Kang-Lowe, formerly a powerful WME agent, now manages Alfonso Cuarn, Lena Waithe, and others while producing television like the Apple TV+ epic Pachinko. The rise of streaming and expected decline of TV packaging, combined with the effects of a longstanding boycott by Writers Guild of America, have put the squeeze on talent agencies, some of which have laid off workers. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. A pitch deck is a brief presentation, ranging from 10-20 slides, that provides an overview of your business. We dont necessarily feel its competitive., I just kept coming back to, WHY WORK for anybody again? The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOne's Chief . 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. Some sources say a new breed of managerspeople whove been agents and understand dealmakingwill challenge them for primacy. No talent names were revealed on the companys roster, but it is known that Taron Egerton, Keira Knightley and Michael Fassbender are among those who have left CAA to head to the new shop. 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. Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . 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. Perhaps it is the launch of a disruptive new representation venture in the midst of a coronavirus pandemic which since March has brought major agency and management company revenues to a trickle and sparked layoffs and furloughs to go along with a long stalemate with the WGA. Keys to an Effective Pitch Deck. 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. 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. 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. 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 . Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. Press slide. 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. 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.. 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. This would explain why investors spend 15% of their time on this slide and it should reinforce the importance of making a concerted effort here. Then there is the ongoing standoff between agencies and the Writers Guild of America over industry practices. ), Sign up for THR news straight to your inbox every day. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.. A 30-point font is the smallest font size you should use on your slides. 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. In 2018, berconnected talent rep Michael Kives headed out on his own. 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. Stay away from negative press unless you can show you've changed those negative opinions. [Read more: 3 Easy Steps to Research Your Startup Business Idea] Outline the problem you're trying to . The company says its construct will foster a company culture grounded in inclusion, respect, and fairness. 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. Buzzfeed Pitch Deck Example. Cohen was never charged. 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. Find top employees, contact details and business statistics at RocketReach. One Tuesday afternoon in November, Ranges Santa Monica headquarters hums with an energy thats rare for most postpandemic offices. 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.. 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. 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. Statement yellow elevator pitch example. One of the most common mistakes founders make in their startup . To give you an idea, accelerator programs like Y Combiner expect at least 15% month over . 50m fund, focus on seed investments in energy. That takes strategy.. Its healthy for everybody when things shake up a little bit, he says. 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. What they did: Mint made it clear through the pitch deck that they understood their investors well. (I read it the second I see it pop up, says Richard Plepler.) By initiative. 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. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. One of the best storytelling methods for funding pitches is to use customer examples. 2023 Deadline Hollywood, LLC. In fact, this pitch deck had only 10 . Managers typically have a smaller roster for whom they provide career guidance. 22 Pitch Decks from Notable Social Media Startups. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. Take a good start by demonstrating details for the brands that want to enter into Partnership Company. The agencies, with their recently diversified businesses, seem well insulated. Now, Cohens name has been thrust into the Hollywood limelight. 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. 3. But the rise of streaming, the decline of cable, and the erosion of the theatrical business have cut into those fat paychecks. All rights reserved. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. Deadline is a part of Penske Media Corporation. 907 followers . 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. 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. It reflects how big these agencies and management enterprises have become and also reflects the perception of private equity that there is value to be had beyond the classic commissions that agents and managers have been receiving for over a century.. This will in turn create massive opportunities to drive direct to consumer businesses in a post Covid-19 world.. Leaving CAA felt much like a divorce, Micelli tells me. Julian has created over 400+ articles about a wide range of topics e.g., math, biology, chemistry, history . Its definitely a less desirable job today.. Buffer. Table of Contents. Craft an elevator pitch that's a succinct briefing of your event. Legal Name Range Media Partners. Dropbox Pitch Deck. But what happens when theyre gone? Hollywood loves a comeback story, as long as you ask for redemption, and I dont know if that is Mr. Cohens style. 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. It is close to what one of Hollywood's biggest, most established management-production . 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.