Design. Micelli argues that Hollywood just hasnt encountered a management company like Range before. Its their agency. 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. Range Media, led by former CAA agent Peter Micelli, who most recently headed up strategy at production company Entertainment One, has already brought a dozen top names including CAAs Dave Bugliari, Michael Cooper, WMEs Rich Cook and UTAs Susie Fox, Chelsea McKinnies on board. All of the principals will be given an unspecified ownership stake. This approach can help investors understand the general range of the projections, and can appeal to conservative and optimistic investors alike. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. Deadline is a part of Penske Media Corporation. Its definitely a less desirable job today.. Form And Sustain A Business Partnership Agenda For Form And Sustain Ppt File Deck PDF. 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.. Download Our Free Guide: The Perfect Pitch Deck. 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. The company says its construct will foster a company culture grounded in inclusion, respect, and fairness. mcdonalds garfield mugs worth Range Media Partners provides artists, directors, writers, professional athletes, and others with management and representation services. I needed a new energy. At Entertainment One, he got a crash course in running (and selling) a company. 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. Now there might be a splitting of the power. This still doesnt faze the old guard. There is a great article about their fundraising journey and how they pivoted from an accelerator model to a VC here: Dark marketing pitch deck. (The agencies later agreed to end the controversial practice and divest most of their majority ownership stakes in production companies.) Range Media Partners Entertainment Providers Beverly Hills, California 4,403 followers Empowering exceptional talent into unlocking their full global value in all business areas. A Great Sales Deck can Make or Break a Deal. Strategy #2: Make It All About the Customer. The formation of Range two years ago is the dictionary definition of disruptive, and it was fraught with painful farewells to mostly receptive former colleagues. Based on this experience, I'll share what I've learned about creating a . Another source notes that all the former agents have to do to circumvent the no-dealmaking mandate is to make sure that its the lawyers who pick up the phone to negotiate contracts. Buffer is a social media scheduling platform that helps you schedule content for Facebook, Twitter, LinkedIn, and Pinterest. Justin Izzo. To keep up with the changing landscape, the agencies have chased growth. When talked about the best SaaS pitch decks, Buffer hands down takes the top position. Related Categories: Partnership | Business Partnership Proposal | Strategic Partnership | Business Proposal. Pitch Deck - Template Dashboard is a multipurpose Powerpoint template perfect for your business or personal use. By 2011 he was managing $12 billion. range media partners 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? All. The pitch deck also included several quotes from the media that helped to validate the company and its current success. Operating Status Active. Page. Research Lead, Dropbox DocSend. 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. 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. 2023 Deadline Hollywood, LLC. In the early 2010s, the leaders of Hollywoods most powerful talent agency, CAA, began telling senior agents that the kingdom would someday be theirs. Agents wear nice suits and drive fancy cars, but its not all its cracked up to be, says a source. Sometimes you inherit a kingdom, sometimes you build one. 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. 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. You might have pitched investors and raised funding, but a sales pitch is a completely different art, not to mention pitching to potential partners! Each of us brings something unique and impactful to the table that contributes to our companys mission and overall success. Unlike other management firms, who, like the agencies, handled a massive list of clients, Range would prioritize top, exclusive talent. In short, it "makes software work better.". Phil Sun left WME and brought Michael B. Jordan and Donald Glover to a new management firm, M88, focused on a diverse clientele. The press section of your startup pitch deck is a great opportunity to show off any buzz and get your investors excited about your business. 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 did Disney actually lose from its Florida battle with DeSantis? 11:00 PM PST February 21, 2023. 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. But many pivot to management, where they can focus more on building a clients career and less on landing them their next job. 50m fund, focus on seed investments in energy. This market is growing at a 15% rate. 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. Our Favorites. The founding of the firm was a secret affair that began in March and caught most unawares. The entertainment community is such a special collection of hardworking artists and personalities, and we are honored to work alongside everyone.. 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. The 2023 Hollywood Issue: Selena Gomez, Austin Butler, Florence Pugh & More. Luckily, we've got all the answers for you! During a pitch, you need to have a pitch deck as your visual aid. Instead, one managers success with a client resonates to others in the firm via a shared pool of commissions. Managing partners took sizable pay cuts to leave their agent gigs, but none of the people I speak with express regret. Trumps Relationship With Jared and Ivanka. Core values. In 2004 LinkedIn has raised $10M in funding from Greylock Partners in a Series-B investment round. 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. Get our latest storiesin the feed of your favorite networks. Less than two years since their launch, Range Media Partners is now valued at an estimated $300 million. Choose from any of our free pitch deck templates and confidently present your product or service to investors, partners, or potential clients. He donated $1 million to Trumps inaugural committee. 20 Pitch Decks from Well-Known Media Startups. 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. 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 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. If we cant get the needle movers, if we cant get the people that really matter, could we call Steve and give the money back? But by September, 10 people from CAA, WME, and UTA had signed onand many clients followed them. Total fundraising numbers for each startup in the list below are according to PitchBook data . The results: Their pitch deck helped them raise $321.5M in funding and estimated annual revenue of $79.2M. In July, CAA said it was laying off 90 agents and furloughing 275 staffers. Company Type For Profit. Wherever there are thrones, there are games. But what happens when theyre gone? As described in the pitch, Unlocking the power of content creation to turn celebrities into curators. However, rather than fight the new normal, Range Medias philosophy is to embrace it. 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. It just felt the most appropriate next step for me was to do something that was at least partly mine.. - Crafted potential client pitch decks for agents to present in talent meetings The new firm was bankrolled by hedge-fund billionaire and future New York Mets owner Steve Cohen, via his early-stage capital firm Point72. 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. 20 minutes is the longest time you should talk. Some sources say a new breed of managerspeople whove been agents and understand dealmakingwill challenge them for primacy. The deck was written by Micelli, the former 23-year CAA vet who had just exited as eOne's Chief . 3. Talent agencies including WME, CAA, UTA and ICM Partners have undertaken severe cost-cutting measures such as layoffs, furloughs, hour reductions or salary cuts. To make things even better, their charts use different colors for each statistic. 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.. Nonprofit pitch deck. 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. But the rise of streaming, the decline of cable, and the erosion of the theatrical business have cut into those fat paychecks. 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. Everyone starting with Range Media, including assistants (which in this companys culture are called associates), will have equity in the company. There are no big paychecks, the insiders said. Do Not Sell or Share My Personal Information, Paramount to pay $122.5 million to settle lawsuit over CBS deal. But who will the next generation be if younger agents keep changing lanes, though? . 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. Still, both agents and managers are bracing for what will almost certainly be a rocky year. Yearly revenue, etc. Back in the mid-1980s the SEC investigated him for insider trading in connection with RCA shares bought before General Electric acquired the company. Square pitch deck from pitchenvy. It focused on describing . 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 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. But Cohens enviable success had long been the subject of speculation on Wall Street. 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. 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. We saw an opportunity to jump-start a company with a client list that would rival even the most powerful management company pretty quickly.. 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. Here is a media pitch example that earned a placement on CNBC's website (cnbc.com) for a client of Web Talent Marketing.