A media kit is also known as a press kit. 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. Aside from a start with top dealmakers and strong ground-floor clients, Range began on solid financial footing. While managers will for the most part work from home, Micellis Brentwood abode, with substantial backyard space, will serve as the de facto headquarters and meeting place in the initial year as offices in Hollywood remain shut because of COVID-19. He quietly reached out to friends and former coworkers at the agencies to see who might be interested in joining him at this new firm while also pitching his vision to investors. 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. 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Sports. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. 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. 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. Period. As a leader at one top agency says, COVID was the hundred-year flood, and I think people made decisions about their lives at a scale that youve never seen before.. This week, Cohen, who has a minority stake in the New York Mets, entered into exclusive negotiations to buy the team, besting a consortium led by Alex Rodriguez and Jennifer Lopez, CNBC reported. Short franchise elevator pitch example. And it's the pitch deck that made Airbnb into the $385-billion startup that it is today. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. One of the primary documents essential to any early-stage company fundraising process is a pitch deck. What happens when someone wakes up one day and realizes they dont want to be an agent anymore? Your pitch deck should stand on its own as a . 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. Many businesses at present use a pitch deck as their way of presenting a quick overview of a plan for investors. Below is an example from mobile payment service Square, which actually exhibits "best," "base," and "worst" case financial scenarios. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. 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. The writer we pitched ended up connecting us with a reporter at CNBC. Less than two weeks after SACs settlement with the SEC, Cohen bought Picassos Le Reve for $155 million from Steve Wynn. The firm announced Wednesday that it wil These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. Deadline is a part of Penske Media Corporation. I've created fundraising pitch decks for dozens of companies and have used them to successfully raise almost $700 million of total capital, including more than $40 million of pre-seed equity for startup companies. Food & Beverages. Bruss has advised the L.A.s Finest actress on her investment in National Womens Soccer League team Angel City FC, as well as an investment in baby food brand Yumi. A 30-point font is the smallest font size you should use on your slides. This is the moment where your audience needs to be saying "shut up and take . 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.. 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. With this animated .pptx template presentation you will be able to make a dynamic presentation that will captivate your audience. How to create a social media marketing pitch deck. Oscars 2023: Yes, Some Awards Movies Flopped, but Art Matters, Harrison Ford Doesnt Have A Social Anxiety Disorder, Youre Just Boring, New Report Claims HBOsDark Upcoming Drama. Range Media Partners is an Entertainment company located in US with 126 employees. 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. 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. Keys to an Effective Pitch Deck. Strategy #4: Use Your Brand Story to Create Hype. Another la carte consultation from Range is in the realm of music. In short, it "makes software work better.". Send us a tip using our annonymous form. He donated $1 million to Trumps inaugural committee. You have a product, you're ready to get out there and start selling! We all have the same promise to each other, which is like, lets go take a shot and build something.. Create a trendy business pitch deck and more with this Company Media Kit Partnership Pitch Deck Template. Connect. 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. 22 Pitch Decks from Notable Social Media Startups. 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. Companies like Netflix and Disney have increasingly been buying out talents back-end participation in favor of upfront fees, curtailing an agencys profit if a show becomes a runaway success. Nylas is all about efficiency. 2023 Deadline Hollywood, LLC. Its their vision. It has been nearly two years since a group of the best and brightest young agents and partners told their bosses they were stepping away from their million-dollar salaries to follow former eOne strategy officer and CAA television veteran Peter Micelli and be the founding partners of a new management company, Range Media Partners. Description. No one denies that the guys atop CAA, WME, and UTA are powerful. Dropbox Pitch Deck. A pitch deck is a presentation that gives your audience an overview of your business plan. People are also insisting, as they seem to do every few years, that the movie star is dead, which means fewer new clients. TVs top-rated drama may wrap as cocreator Taylor Sheridan pursues yet another franchise extensionthis one starring Matthew McConaughey. Rocketreach finds email, phone & social media for 450M+ professionals. At six foot seven with a broad frame, Micelli, the Range CEO, is hard to miss when he enters a room. We have the utmost gratitude to those that have nurtured and supported our work for years, and we look forward to our continued collaboration. 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. Marketing. The terms pitch deck, investor pitch deck and business plan presentation are used synonymously. Pairing Cohen with the other two backers seems to give Range Media Partners plenty of hedge fund and tech money to launch properly. Give yourself a boost and start using this template to bring your ideas to your customers/partners. With the old guard holding on to power, younger talent reps are shaking up the industry by changing lanes. If they dont run screaming from the industry altogether, some become executives, others producers. Key Takeaway: The best pitch deck examples use clean, uncluttered slides with plenty of white space. Classic Airbnb pitch deck. 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. The company offers in-house production, brand development, and representation services, enabling artists to get the opportunities they seek. 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. Strategy #1: Keep It Short and to-the-Point. Legal Name Range Media Partners. In fact, this pitch deck had only 10 . They made their dramatic pivot at the height of industry instability; movie theaters remained closed from Covid, production was slow to rebound as no one was writing Covid policies, and that meant no completion bonds; and studio tentpoles were being unloaded to streamers. 20 minutes is the longest time you should talk. Wherever there are thrones, there are games. To keep up with the changing landscape, the agencies have chased growth. Contact Information. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. The founders are taking financial hits on making the move, but it could pay off in the long run. Investors: Bossanova Investimentos, Tiger Global Management, 8VC, and more. That means managers can potentially make more money, especially at a time when stars all seem to crave the same new status symbol: a billion dollars. We want Range to be a place where partners, artists and clients can come and say, You know what? By subscribing, I agree to the Terms of Use and Privacy Policy. How Richard Rushfields The Ankler Took on Hollywood. This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. 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. This slide describes the overview of the brand Partnership Company which includes: Mission, vision. 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. However, he is perhaps best known for having been the subject of one of the governments most high-profile insider trading investigations. Guy Kawasaki created his 10-20-30 rule for Pitch Deck which means: 10 slides are the optimal number for a presentation. The Wide Shot brings you news, analysis and insights on everything from streaming wars to production and what it all means for the future. A pitch deck is a brief presentation, ranging from 10-20 slides, that provides an overview of your business. Michael Ovitz was the best agent ever and even he failed, the partner noted. He supported the run of Democratic presidential Pete Buttigieg and has been a supporter of New York Governor Andrew Cuomo, and hasnt backed either of the combatants in the upcoming presidential election. All of the principals will be given an unspecified ownership stake. 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. Nonprofit pitch deck. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOne's Chief . 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Stacy Perman is a Company Town reporter working on investigations and enterprise stories covering the entertainment industry for the Los Angeles Times. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. Download Our Free Guide: The Perfect Pitch Deck. 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? 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. Check out the pitch deck this AI brand strategy startup used to raise $30 million to . According to Vanity Fair, at one time Cohen was said to have traded some 3% of all the stock on the New York Stock Exchange. (crickets) Yep - not as easy as it sounds. TikTok's pitch deck is a massive 39-slide presentation covering all aspects of the company and its platform. 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 goal is to encourage conversation and collaborationand eventually a drink or two at a bar being designed by client Luca Guadagninoand thats exactly whats happening today as the company prepares for a retreat at the home of managing partner Dave Bugliari and his wife, Alyssa Milano. 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. 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.. Trumps Relationship With Jared and Ivanka. Range Media Partners Adds 20 Clients To Roster; Bradley Cooper, Ramy Youssef, Anna Kendrick, Emilia Clarke & Tom Hardy Among Names Read full article Justin Kroll you can offer. This begged the question for Range Media Partners about what they might be able to exploit. 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. Mint. Wendy Lee is an entertainment business reporter, covering streaming services such as Netflix, Amazon Prime Video and Apple TV+. The company also plans to generate revenue by offering in-house production services. The defections, sparked by factors beyond succession in some cases, started with a trickle. After all, clients who havent worked in the past half year wont love having to pay more for representation. Or, businesses may choose to make their press kits available as static, downloadable resources, like a presentation deck . He cited the experience of Michael Ovitz, the once-powerful co-founder of CAA who became the short-lived president of Walt Disney Co. under Chairman Michael Eisner. 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. 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. Slide 1: Overview of Brand Partnership Company. U.K.-based Amadeus Capital Partners and Austria's Apex . The Range partner/owners arent the only top notch partners who spent their careers building at major agencies and moved onto management concerns. Our Favorites. Inclusive economy. He became known as a trophy hunter, applying his trading acumen to that of collecting, often rocking the art market in the process. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: 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 company has also expanded from film and TV into music management, marketing, branding, sports and TV production, as well as more speculative business like Web3 and the metaverse. 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. This can range from revealing your pricing tiers, to announcing a sexy partnership with a big player in your market. Year after year he maintained double-digit returns. 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. 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.