Media & Entertainment
Empowering Growth and Adaptability for the Dynamic Landscape of media and entertainment
In the ever-evolving landscape of media and entertainment, CFOs encounter distinct challenges that demand strategic expertise.
CFGI’s Expertise
Anticipating a slowdown in revenue growth rates due to shifts in consumer spending patterns.
Intensified competition in an increasingly digital world, influenced by social media and the prevalence of free user-generated content.
Adapting to the influence of younger demographics shaping the future of the industry.
Reassessing spending strategies in response to the rising influence of advertising, with market share diversifying across streaming platforms, e-commerce sites, and gaming.
Strategic decisions on expanding into emerging markets, particularly the Asia-Pacific region, necessitating careful consideration.
Navigating the growth in generative AI usage, requiring a responsible framework to address data privacy risks and combat inaccurate information.
Evolving trends in mergers and acquisitions, where activity may dip, but consolidation for efficiency and scale continues.
Adapting to changing data privacy regulations like the Digital Services Act and Digital Markets Act (EU) and the American Data Privacy and Protection Act (US), impacting consumer data availability and use.
CFGI provides specialized expertise tailored to the unique needs of the media and entertainment industry, including:
- Production Cost Capitalization, Amortization, and Impairment
- Film Financing Arrangements
- Revenue Recognition, including Principal/Agent Arrangements
- M&A Accounting Implications
- Internal-Use Software and Website Development Cost Accounting
- Equity Compensation Accounting
- Business Combinations
- Lease Accounting Implementations
- Interim Management Support
- M&A Integration Support
- Operating-Model Optimization
- Strategic Modeling
- Business Transformation
- System Implementation Support
Recent Relevant Projects
Cross-Function Interim Management Support
Provided interim management support across various functions for a multi-billion-dollar merger.
Directed Budgeting Process
Led the budgeting process, collaborating with interdepartmental owners to develop and operationalize a P&L budget for the upcoming fiscal year.
Carve Out Technical Accounting
Offered technical accounting and financial statement support for a carve-out initiative.
Strategic Forecasting Cycle
Led the strategic forecasting cycle, defining a vision for product expansion, ROI metrics, and supporting funding initiatives.
IPO Readiness for Social Media Advertising Company
Prepared a social media advertising and production company for IPO, addressing complex technical accounting and financial reporting requirements.
At CFGI, we understand the unique financial intricacies of the media and entertainment industry. Let our specialized expertise guide your organization through these challenges, ensuring financial resilience and strategic success. Contact us today to explore how CFGI can be your trusted financial partner in the dynamic world of media and entertainment.
Clients
Connect With Our Leaders
William O’Hara
Managing Partner
(917) 588-0917
wohara@cfgi.com
Shawn Assad
Partner
(617) 780-8742
sassad@cfgi.com
