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The current model used by most Media & Entertainment companies to determine the pattern for revenue recognition for licenses will change drastically. Leaving many to reevaluate their current revenue recognition models and implement alternative solutions and workflows by the December 15, 2018 deadline for the new revenue recognition standards.
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.