The rapid growth of the digital economy has created a wealth of opportunities for the media and entertainment industry.
Content creators benefit from easier access to distribution, allowing them to reach global audiences much more easily than was previously possible. On the flip side, the proliferation of digital devices and streaming access has created an on-demand culture where consumers dictate what content they want to watch, when they watch it, and how they watch it.
But with opportunity comes risk....
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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.
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.