Significant changes and film industry are being generated by the internet which include data streaming, piracy, instant news, to the media social media, etc, and changes in viewing habit. Major newspapers revenue (“Rivers of Gold”) from job and other advertisements are gone and has not been replaced and media companies are seeking alternative revenue streams. Forums like Linkedin are now a port of call for job seekers and recruitment firms.
Cable TV is under attack and film makers are seeing a lot shorter life cycle, where distribution and the ability to sell to Home Box Office (HBO) can mean the difference between a profitable film and a dud.
Our financial advice and approach to these issues has assisted our key client in this area.