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In the 2020 Winter edition of the MESA Journal, FilmTrack's current COO Michael McGuire explains how the pandemic has impacted the entertainment industry and how that impact may have fundamentally changed the industry moving forward. Most notably the halt of production and the shutdown of theaters has put tremendous value on existing libraries. Utilizing software such as FilmTrack to fully understand what is currently available for sale or distribution, as well as what will be coming available and when, has become imperative to not only conduct business as usual but thrive in the current economy.
Watch this DEW2021 discussion from Feb. 11 about fin-tech's role in modernizing payment of royalties and residuals.
The current model used by most Media & Entertainment companies to determine the pattern for revenue recognition for licenses will change drastically.
The rapid rise of digital entertainment has made rights management functions more complicated than ever before. With FilmTrack Financials, media & entertainment businesses can navigate today’s fragmented landscape with ease.
The rise of on-demand entertainment platforms –– Netflix, Facebook, Hulu, and Amazon, to name a few –– has brought on massive change in the way people consume news, movies, and TV shows.
Media and entertainment businesses consist of various moving parts. Sales teams require accurate, granular availabilities reports to clearly identify and exploit every revenue opportunity. Acquisition teams need to analyze content metrics in order to properly evaluate future business opportunities.