The media and entertainment industry is a dynamic and agile sector. For many media companies, existing business models have been disrupted, leading many businesses to question whether these changes are temporary, and which ones will persist over the longer term.

Media companies operating across all subsectors are undergoing a technology-driven evolution to respond to changing customer preference for unique, digitally enabled, customisable experiences. In addition to sector-wide changes, businesses must evaluate the trends and influences of the subsector in which they operate and determine what these mean for infrastructure, investment, and service provision.

Funding for growth to innovate and to further develop existing service offerings must be balanced with strong ROI, and timely integration of new technologies. Accelerating digital transformation has been a priority across the media sector and the need to act quickly is acutely felt as new technologies create new opportunities.

Pursuing new revenue opportunities and retaining talent are also among the top priorities for media and entertainment providers.

How BDO can help

BDO’s media industry experts can help you with:

• Business ‘health checks’ and strategic advice
• Current state review (strategy, people, process, and technology)
• Governance, risk, and compliance
• Change management
• Leadership development
• Tax strategy for growth (Australian, international, and tax structuring)
• Financial reporting structure
• Financial modelling (cash flow and working capital)
• Funding and expansion options
• Transaction services, including capital raising and mergers and acquisitions strategy
• Business continuity plans
• Change management
• Financial audit and assurance services.

Contact your nearest BDO TMT adviser to discuss your needs.