How the new revenue standard affects media and entertainment entities

August 16, 2019

article image
Many media and entertainment entities have had to change their accounting for licenses of intellectual property (IP) because, under the standard, entities can only recognize revenue for a license of IP when the customer has a copy of the IP and can use and benefit from it. The standard has required media and entertainment entities to exercise more judgment to identify performance obligations, evaluate whether they are acting as a principal or an agent, and measure noncash consideration. The standard has significantly changed the timing of revenue recognition for many media and entertainment entities.

Spotlight

RadicalMedia LLC

RadicalMedia is a multi-disciplinary studio that creates some of the world’s most innovative content across all forms of media.The company develops, produces and distributes award-winning projects in a variety of media including television, digital, feature films, music programming, commercials, graphic and interactive design, exhibitions, and live events, with offices in New York, Los Angeles, Berlin, Sydney and Shanghai. The company’s global network has given it a foundation for identifying and incubating in-house and new talent, while offering their client base a worldwide platform for the production, development and distribution of content.

OTHER ARTICLES
MEDIA AND BROADCASTING

What are the most popular types of YouTube videos in 2021?

Article | May 19, 2021

Withover two billion userslogging onto YouTube every month, brands would be remiss to ignore the platform in their marketing strategy. However, like any marketing initiative, simply uploading a video to YouTube isn’t going to guarantee views, shares, likes, or success. Success comes down to creating therightcontent. A big part of this is understanding the type of content that historically does really well on the platform; in this case, the different kinds of YouTube videos get viewed most, especially by your audience. Mediakix, an influencer marketing agency, broke down the top 16 most popular types of videos on YouTube in a handy infographic below, but is this the right content for marketing your business?

Read More

How blockchain is transforming online gaming for players

Article | June 18, 2020

For online gamers, in-game purchases made to buy special swords, guns, or other add-ons to play their adventure, warfare, and other games are one-time, non-transferable investments that lock them into their pretend worlds. That's something companies like Polyient Games want to change by registering those purchases using blockchain and transforming the previously one-way transactions into liquid assets which are transferable for cash.

Read More
BUSINESS

The rise of the introverted salesperson

Article | May 25, 2021

The shift to virtual selling has upended the status quo for many sales teams across the country and around the world. I firmly believe, as I’ve said before, thatnearly everything can be sold over video— and in many ways the virtual sales process makes it easier for sales reps to connect with customers and build trust.Still, there has been a great deal of resistance, and some organizations have just tried to wait it out, hoping that once COVID passed, they could go back to normal.

Read More

Why Shares of AMC Entertainment Are Surging Today

Article | April 28, 2020

It was just two weeks ago that it looked as if the COVID-19 pandemic would push AMC into bankruptcy, as forced theater closures shut off revenue to the world's biggest cinema operator. The company also slashed its dividend, and executives all took pay cuts to help conserve cash. Investors should still be wary, even if AMC is able to open many of its theaters sooner than the mid-June date it had been eyeing.

Read More

Spotlight

RadicalMedia LLC

RadicalMedia is a multi-disciplinary studio that creates some of the world’s most innovative content across all forms of media.The company develops, produces and distributes award-winning projects in a variety of media including television, digital, feature films, music programming, commercials, graphic and interactive design, exhibitions, and live events, with offices in New York, Los Angeles, Berlin, Sydney and Shanghai. The company’s global network has given it a foundation for identifying and incubating in-house and new talent, while offering their client base a worldwide platform for the production, development and distribution of content.

Events