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Media Clips

Media Clips

Jason Squire, Ilan Haimoff

A podcast where we try to make sense of the new motion picture ecosystem.

56 - State of Media 2024: Film Distribution, Sports Rights and Labor Negotiations
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  • 56 - State of Media 2024: Film Distribution, Sports Rights and Labor Negotiations

    In this episode of the Media Clips Podcast, GHJ Entertainment Practice Leader Ilan Haimoff checks in with Dr. Jeffrey Cole, Director of USC Annenberg's Center for the Digital Future. Jeffrey shared his insights from CinemaCon, an annual event where cinema owners and industry professionals gather to explore shifting paradigms in film distribution and audience engagement. He notes that the box office recovered after the pandemic but has not yet reached 2019 levels, and he does not expect that level to return considering the slowdown in production during the 2023 strikes. Jeffrey also pointed to a few examples from 2023 that may shape the future of film distribution: • A major topic of discussion was theatrical windows, which have shortened significantly as more films are sent to streaming sooner. • Sound of Freedom was a surprise hit that was partially propelled to success by a pay-it-forward model. • AMC CEO Adam Aron took an innovative (and potentially controversial) approach to distribution when he bypassed the studios to directly bring Taylor Swift: The Eras Tour and Renaissance: A Film by Beyoncé to theaters. Adam cited these films as solely driving the company’s growth in Q4 2023. Ilan and Jeffrey also talk about sports broadcasting, which has the potential to shape the television landscape as streamers like Amazon invest in live sports, and lessons learned from the 2023 strikes as a new round of labor negotiations take place.

    Thu, 25 Apr 2024 - 27min
  • 55 - Trends in Motion Picture and Television Finance Spring 2024: Post-Strike Shifts and the Evolution of Entertainment Deals

    GHJ Entertainment Practice Leader Ilan Haimoff is joined by two experts on motion picture and television financing: Akin Gump Partner and Entertainment and Media Practice Head Chris Spicer and Content Partners President John Mass. The last installment of the “Trends in Motion Picture and Television Finance” series explored the then-ongoing labor strikes. Now, six months later, Ilan, Chris and John discuss the post-strike environment and how the entertainment industry is tackling cost containment and cash flow preservation especially as the industry faces new potential strikes.

    Mon, 4 Mar 2024 - 14min
  • 54 - 2023 Entertainment Accounting and Tax Update

    What do entertainment professionals need to know to find financial success? On this episode of the Media Clips Podcast, Host and GHJ Entertainment Practice Leader Ilan Haimoff is joined by a panel of distinguished experts from across GHJ’s service lines: • GHJ Entertainment and Media Tax Expert Dan Li shares what taxpayers can do now to reduce their tax bill in 2024. Click here to more about how taxpayers can save on taxes before the end of the year. • GHJ State and Local Tax Practice Leader Frances Ellington breaks down key tax changes in the State of California and provides helpful guidance for people who faced unemployment during the labor strikes. • GHJ International Tax Expert Andreas Koller points to the Foreign Income Tax Credit issued this year and an upcoming Supreme Court Case that may affect international tax regimes in the future. • GHJ High Net Worth Practice Leader Rajpal Gibson offers update on IRS enforcement attempts, the Employee Retention Credit and estate planning. • GHJ Media and Advertising Practice Leader Dan Landes explains the new Current Expected Credit Loss (CECL) accounting standard and reminds entertainment professionals to revisit their finances amidst work stoppages in 2023. • Finally, Ilan shares how the scope and nature of profit participation audits continues to shift to accommodate new media reporting. Each expert explains changes that may impact individuals and businesses in the entertainment industry and gives recommendations on how to prepare for financial success in the coming year. This episode was recorded before the SAG-AFTRA strike ended on Nov. 9, 2023. Follow the Media Clips Podcast on Apple Podcasts and Spotify to listen to past episodes and hear new episodes as soon as they become available.

    Fri, 15 Dec 2023 - 22min
  • 53 - Detailed Dive into the UK Film and TV Contingent Compensation Tax Credit

    What unique production tax benefits does the UK provide for the entertainment industry? On this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff is joined by FLB Director of Creative Sector Tax Reliefs Lloyd Gunton. An expert in accessing and maximizing UK creative sector tax reliefs, Lloyd shares the various benefit and nuances of the UK credits available for productions taking place in the UK. Lloyd has over 15 years of experience providing tax services with deep expertise in the entertainment industry and working with clients to find credits and incentives.

    Tue, 14 Nov 2023 - 14min
  • 52 - Braving the Hollywood Rollercoaster

    How do independent producers get funded? On this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff is joined by Loyola Marymount University Associate Professor of Finance David Offenberg and GHJ Profit Participation Expert Tracy Liang. David is a leading expert on entertainment finance and has spoken extensively about financial trends in streaming and the entertainment industry as a whole for The Hollywood Reporter, Wall Street Journal, CNBC and Vanity Fair. He recently wrote the book Independent Film Finance: A Research-Based Guide to Funding Your Movie, which explains the fundamentals of film finance based on data and first-hand accounts from filmmakers. Earlier this year, David shared his insights on the streaming services with GHJ’s Profit Participation Services Team for its proposal for a new profit-sharing model — called the “Everyone Wins Model.” Co-authored by Ilan, Tracy and GHJ Profit Participation Expert Grace Guenon, this model leverages insights from GHJ’s extensive database and insights from David and other industry experts to envision a profit-sharing agreement between the producer of a mini-series and a streaming service that is more equitable than the current model. On the podcast, Ilan, Tracy and David revisit this new profit-sharing model and how it could alleviate conflict. As evidenced by the WGA and SAG-AFTRA strikes, the current profit-sharing model for streaming deals has caused significant controversy.

    Wed, 1 Nov 2023 - 22min
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