Entertainment & Media
View the Entertainment & Media insight into the current economic climate »
Economic uncertainty is growing and this is affecting both consumers and the business sector. Consumer confidence
has dropped and businesses are increasingly reluctant to spend on discretionary costs such as marketing. They are also deferring capital
expenditure. This is having a knock-on effect on the media, technology, communications and entertainment sectors, with revenue from advertising
predicted to fall significantly in FY09 and 10.
Concurrently, there are a number of distressed businesses in this sector that need to be restructured or demerged.
Media assets held in private equity portfolios are also under pressure to maintain revenue in the face of higher funding costs.
These forces are prompting collaboration among industry players, with many former competitors now – or soon to be – collaborators.
How PwC can help
- Cost management in the face of contracting revenues
- Divestment of assets
- Improving cross-platform selling to increase market share
- Leveraging of technology.
Questions to consider
- How can staff be properly motivated?
- How can technological change benefit the business?
- How could regulatory change affect the business?
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- What collaboration and alliances should be considered to stimulate growth?
PwC understands the issues your business is
facing and the questions you need to ask in the current business
environment. Contact us today to find out how we can help your business
prosper.
As business adviser to many of the world's leading entertainment and media companies, PwC has an insider's view of
the key trends and developments driving the industry. Our entertainment and media practice publishes
the annual Australian Entertainment & Media Outlook, representing the best known and most respected analysis of current and future trends in the industry.
We offer advice on advertising, free to air
and subscription television, film, gaming, hospitality, music, online
and interactive games, publishing, radio, sport and telecommunications.
While PwC is widely known for the breadth
and quality of our Assurance services, we also offer a full range of
Tax and Advisory services. In recent years we have pioneered work in
areas such as developing strategies to leverage digital technology,
marketplace positioning in industries characterised by consolidation
and convergence, and identifying new sources of financing.
The annual Australian Entertainment & Media Outlook, represents the best known and most respected analysis of current and future trends in the entertainment and media industry.
How PwC can help you
We reinforce our reputation as the
entertainment and media industry's leading professional services firm
by playing a strong supporting role in the business, and can help with:
- Attracting and retaining customers
- Compliance and regulatory issues, including Sarbanes-Oxley
- Culture and change management
- Doing business on a global scale
- Financial reporting of key metrics
- Gaining maximum value from your human capital
- Indirect taxes
- Industry convergence and rapid changes in consumer technology and media preferences
- Managing and protecting content rights and royalties
- Media deregulation
- Mergers and acquisitions
- Merger integration
- Reducing costs and enhancing efficiency in core business operations
- Tax issues such as content sales and international operations.