These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. 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. They're a must-have element and without one, it's difficult to get funded. A pitch deck is a brief presentation, ranging from 10-20 slides, that provides an overview of your business. Microsoft Inspire. Media kits may live fully-online as responsive online press pages. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing. This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. Artists have spent their careers building other peoples assets, not building themselves into their own assets, says managing partner Bruss, who has worked extensively with Gabrielle Union. We dont necessarily feel its competitive., I just kept coming back to, WHY WORK for anybody again? I had an incredible business there and left at the height of my career. In a civil settlement with federal regulators in 2016 Cohen, who was not criminally charged, was barred for two years from managing outside funds. Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. The new firm was bankrolled by hedge-fund billionaire and future New York Mets owner Steve Cohen, via his early-stage capital firm Point72. Average Series A round: $7.3 million. So Range has built the most comprehensive understanding of their clients fan base, from what they stream to their credit card purchases. 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. 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. Your pitch deck boils down to the essential elements of your business plan. Range also signed Flight Attendant EPs Meredith Lavender and Marcie Ulin, and is working on a visual branding that jibes with their stories. 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. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. More exits are in the offing as the representation business resets itself in the streaming-dominated brave new world whose formation was exacerbated by the pandemic. Phone Number +1-424-403-1500. Forget that the last three years even happened, and its still arguably harder to be an agent right now than at any other time. (Docusend reports that readers spend an average of just 2 minutes and 45 seconds reading a pitch deck!) Ad Choices. 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. 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? Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. But Cohens enviable success had long been the subject of speculation on Wall Street. Dark marketing pitch deck. Finally, rumors ran around that the partners were lured away from the major agencies by 7-figure paychecks. 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. 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. Nylas is all about efficiency. Page. 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. Below you find a list of media pitch decks from industry-leading startups and companies that have changed the game. The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. Press slide. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. The rep business was also in flux, with the WGA bent on eradicating the packages and affiliated productions that had increasingly fueled agency coffers. 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? Other examples of how Range is broadening its clients beyond the standard buckets of film and TV include a deal for Vince Vaughn at Caesars; essentially a joint venture between Range and GPN, Game Play Network; Yellowstone actor Luke Grimes new country singing career; and Atlantic Records rapper Jack Harlows acting debut in 20th Century Studios reboot of White Men Cant Jump. 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. Famous sales pitch decks to inspire your pitch. 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. 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. There are no big paychecks, the insiders said. CAAs trio of cochairmenBryan Lourd, Kevin Huvane, and Richard Lovetthad already led the agency through a 15-year period of tremendous growth, and their contracts were set to expire within a half dozen years. This market is growing at a 15% rate. 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. Form And Sustain A Business Partnership Agenda For Form And Sustain Ppt File Deck PDF. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) 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. We got to a place where we were thinking about what was needed, not just creating a competitor for competitors sake, Micelli says. 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. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. We want to hear from you! By subscribing, I agree to the Terms of Use and Privacy Policy. 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. 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.. 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. He also presented the structure of the perfect pitch deck: Title Slide Its their agency. Rushfields sharp-tongued missives have earned him a bold-faced subscriber list. Do Not Sell or Share My Personal Information, Paramount to pay $122.5 million to settle lawsuit over CBS deal. 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. Why It Worked. The Los Angeles Art World Is Having Its Gilded Age Moment. 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. 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. 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. As of July, Point72 had $17.2 billion assets under management. Its healthy for everybody when things shake up a little bit, he says. The agencies, with their recently diversified businesses, seem well insulated. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. They seem more engaged than ever, having just guided CAA through a turbulent few years that saw a ferocious battle with Hollywood writers, a crippling pandemic, and a $750 million acquisition of rival agency ICM Partners. 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. The range hires surprised the industry. . The founding of the firm was a secret affair that began in March and caught most unawares. Its a hard change. 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. One agent looked at THEIR BOSSES and thought, Oh, you guys are never going to leave. You can use a pitch deck when meeting with potential investors, customers and business partners. 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. Ari Emanuels Endeavor, meanwhile, has bought up assets as far-flung as UFC, the Miss Universe Competition, Professional Bull Riders, and New York Fashion Week. So, I would have followed him anywhere. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOne's Chief . Aside from a start with top dealmakers and strong ground-floor clients, Range began on solid financial footing. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. 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 the old guard holding on to power, younger talent reps are shaking up the industry by changing lanes. 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. We still continue to grow, and we still continue to thrive, and we continue to work really well with managers. The money hit the account on August 4, 2020, before anybody had even agreed to join Range. 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. The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. Contact Information. 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. We found out that there are 101,680 online retailers who fit this profile so the total estimated obtainable market size is $750 million. Strategy #2: Make It All About the Customer. And thats assuming that talent even want an agent. I think where theres some confusion is because a lot of us are former agents, and weve decided to invest in a shared services platform thats unlike what any management companys ever done. Cook, Micellis colleague, adds, We all did our 10,000 hours as agentswe wake up and we dial for dollars, we think about packaging, and were really proactive. Also, Wetzel is bringing Michael Shannon as part of his stable. But the new generation soon realized that coronation day was further off than they expected. He donated $1 million to Trumps inaugural committee. We want to hear from you! 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. 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. 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. A Great Sales Deck can Make or Break a Deal. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 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. In 2013 Cohens once-powerful firm, SAC Capital Advisors, pleaded guilty to a criminal indictment and paid a record $1.8-billion settlement. Buffer pitch deck. Create. One of the primary documents essential to any early-stage company fundraising process is a pitch deck. Log in Blog 50+ Pitch Deck Designs, Format, Examples 2023. Long heralded as the most successful trader of his generation, the venture appears to be his first major entertainment investment. Training. We have never seen more high-end representatives ready to leave these institutions.. Word of Cohens involvement in the new management venture drew surprise in liberal Hollywood, particularly in light of Cohens support for Donald Trump. 907 followers . Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. . The management world was shaken up, as well as the agencies. In short, it "makes software work better.". Cohen described as leading investor with a substantial minority investment will be joined by former New York Knicks Coach David Fizdale, former Microsoft CMO Mich Mathews-Spradlin, and Grubhub founder and CEO Matt Maloney, according to a statement from Range. Last year, Emanuel tapped Richard Weitz and Christian Muirhead to co-run WME. 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. Impress your audience by adding images that help communicate the content in your pitch deck. 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. I needed a new energy. At Entertainment One, he got a crash course in running (and selling) a company. Pitch deck. Period. Buzzfeed Pitch Deck Example. As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. Deadline is a part of Penske Media Corporation. Engaging Content Marketing for Boring Industries from Market MindShift. 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. SHOW 50 100 200. As one former agent puts it, Before, the agents were the most powerful. Connect. 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. BuzzFeed. 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. 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. Operating Status Active. Some industry heavyweightsJennifer Lawrence and Leonardo DiCaprio among themhave done without them for years. Creating a pitch deck for social networks can be quite difficult and is unlike creating a pitch deck for any other vertical. 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. Crypto / Web3. Square pitch deck from pitchenvy. This is the moment where your audience needs to be saying "shut up and take . Here are some of the pitch decks that six startups which raised funding from a range of investors used. ), Sign up for THR news straight to your inbox every day. Agents often represent dozens of people in a specific area of the business (think film roles but not television ones, or brand deals but not public speaking engagements) and focus on landing their clients new work. Another area distinguishing Range is its use of data analytics in negotiating for clients and informing their decisions. 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. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Theres nothing better than when youre the dumbest person at the table, and you can get real advice from people you trust, says Susie Fox, who, while at UTA, signed up-and-coming comedians like Ali Wong, Jerrod Carmichael, and Ramy Youssef. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production and what it all means for the future. Seven years later Cohen was running his own division at Gruntal. But can Rushfield and coconspirator Janice Min scale his scrappy newsletter into a big business? Two former agents from UTA and WME, Ben Jacobson and David Stone, recently launched the Framework Collective to manage TV writers. 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. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. 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. [Read more: 3 Easy Steps to Research Your Startup Business Idea] Outline the problem you're trying to . Your pitch deck should stand on its own as a . 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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. It is close to what one of Hollywoods biggest, most established management-production companies, 3 Arts, sold for in 2018 after 27 years in the business. I built a career being very hands-on with the people that I represent, and I think all of our managing partners would say the same thing, which is that they were very managerial agents.