Media Clips

Media Clips blogs provide insight on all things entertainment. We highlight topics in digital media, advertising and film to keep you informed on issues affecting the entertainment industry.

    Learning more about Liberate Art and Its Mission

    As someone who was born and raised in Israel and now involved with the motion picture and television industry, I have come across Lana Melman and her efforts to combat the cultural boycott campaign against Israel and the negative social media attacks on artists who are involved with projects or [...]

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      Choosing Your Profit Participation Auditor

      Unlike compliance services, such as tax preparation or financial statement audits that represent more of a commodity service offering, profit participation audits represent a forensic consulting engagement. In most cases this requires extensive, specialized experience and can only be performed [...]

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        Blockchain Investing in Media and Entertainment

        Our latest Media Clips Blog Podcast gives an overview of blockchain and cryptocurrency investing in the Entertainment and Media industry. Click here to hear from Green Hasson Janks partner Ilan Haimoff and Josh Lawler of Zuber Lawler and Del Duca LLP on key areas of opportunities and [...]

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          Changes Ahead in the Film Industry

          On July 26, 2018, Green Hasson Janks’ (GHJ’s) Motion Picture and Television Participations Services team hosted the second edition of its 2018-2019 Happy Hour series, with the goal of connecting Entertainment Industry professionals with one another in a casual setting. During this event, Ben [...]

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            Is It Time To Audit Your Merchandising Licensees?

            Intellectual property owners are entitled to financial compensation in exchange for granting rights to licensees. As licensing deals grow, it is important to develop monitoring or audit programs to hold licensees accountable. What is merchandise licensing? Licensing exists in almost every [...]

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              Knowing the Risks: Vendor Contract Compliance

              With an ever-growing practice of outsourcing functions across the entertainment industry and an overall increase in reliance on third-party contractors to perform what in-house employees had traditionally done in the past, a key question comes to mind: What should entertainment companies do to [...]

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                What Makes A Film Successful in China?

                Hollywood filmmakers are continually searching for ways to promote their films to an international audience.  A big focus is on China, the world’s second largest theatrical market. However, the Chinese film market seems to be particularly challenging to understand.  One of the latest examples is [...]

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                  Who is Watching the Subdistributors?

                  All major and mini studios utilize some form of subdistribution.  In the foreign markets, a number of studios (mostly minis) only use subdistributors, and some minis use subdistributors in the domestic market as well.  In many cases, the studios look for subdistribution relationships in certain [...]

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                    Will MoviePass Bring Moviegoers Back to Theaters?

                    With the new age of digital streaming and an abundant amount of on-demand content available for  24/7 consumption, many consumers have opted to stay at home on a Friday night binging on television series and movies as opposed to the traditional theater viewing experience.  One attempt to draw [...]

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                      An Inside Look At Today’s Movie Business

                      Click here to listen to Green Hasson Janks Partner Ilan Haimoff and USC Associate Professor of Cinema Practice Jason E. Squire discuss globalization, independent distribution and other key trends impacting the film industry. They will also discuss key findings from the Fourth Edition of The Movie [...]

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                        How Businesses Can Recover From Hurricane Harvey

                        As a Houston native, the recent tragedies brought on by Hurricane Harvey are very personal to me. While I think about the devastation my friends and family are going through in Southeast Texas, I am aware that an important part of the healing process is recovery. Once everyone is safe they will [...]

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                          Loan-Out Company: Can I Benefit From This?

                          A loan-out company is a business entity in which an individual is the sole owner as well as the employee who furnishes their personal services to outside production companies. It is very common for performers and high income earners in the entertainment industry to form a loan-out corporation or a [...]

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                            VIRTUAL REALITY: A New Age of Entertainment

                            As the entertainment industry is constantly evolving, the latest hot emerging markets involve virtual reality. While major motion picture studios previously dabbled with 3D exhibition of feature films, Hollywood is now on a mission to fully immerse the audience into the realm of virtual reality [...]

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                              Keeping an Eye on New Media Reporting?

                              The presence of new media is now more pervasive than ever.  There are literally hundreds of companies that offer “Video-On-Demand” (VOD), “Electronic Sell-Through” (EST) and internet/ad supported streaming (ADSS) services, such as: Apple, In Demand, Amazon, Verizon, ATT, Microsoft, Comcast, [...]

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                                Crash Course in Vertical Integration and Fin-Syn

                                By Ilan Haimoff (Partner, Green Hasson Janks) and David Simon (Media Executive, Simon Bros) One of the advantages for a media conglomerate is its ability to leverage synergy between different businesses in their portfolio, resulting in efficiencies, which yield value to the shareholders and [...]

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                                  Keeping the Risk of Fraud to a Minimum

                                  The recent Hollywood Reporter column “Sorry, I Stole from my Clients,” by a former partner of a business management firm convicted of embezzling over $7 million from his clients, should serve as a wake-up call to entertainment industry professionals on the mounting risk of fraud. I reflect back to [...]

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                                    The MPAA & Its Effect on the Participation Statement

                                    We are all familiar with the letter ratings:  G, PG, R & X; we have all seen the screen shot just before previews and opening credits at the movies stating “The following preview has been approved by…”; and we have all seen the warning screen that says we may go to jail for 5 years and pay a [...]

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                                      Home Entertainment Spending Increased in 2016

                                      The Digital Entertainment Group’s 2016 Home Entertainment Report compiles the results of an annual member survey of DEG members, tracking sources and retail input. The results showed that consumer home entertainment spending rose slightly in 2016, powered by a double-digit rise in key digital [...]

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                                        Crash Course in License Fee Allocations

                                        Co-Authors Ilan Haimoff and David Simon Background: Motion picture distributors or studios often license motion pictures and television products to domestic and international television exhibitors in batches or packages. These packages contain anywhere from two titles to hundreds of titles.  They [...]

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                                          Choosing Your Profit Participation Auditor

                                          Unlike compliance services, such as tax preparation or financial statement audits that represent more of a commodity service offering, profit participation audits represent a forensic consulting engagement. In most cases this requires extensive, specialized experience and can only be performed [...]

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                                            Studio Queue Survival Guide

                                            By Sherri Carstens, CFE (Senior Manager, Green Hasson Janks) and Ilan Haimoff (Partner, Green Hasson Janks) Let’s imagine the perfect world when it comes to a profit participation audit of a studio film or television series distribution statement: You (Producer) wake up on a Monday and decide it [...]

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                                              Section 181 Film Production Tax Incentive

                                              In previous blog posts, we have written about federal and state tax incentives for the entertainment industry, including the Section 199 domestic production activities deduction (DPAD) and state film tax credits. Another significant federal tax incentive is the Section 181 treatment of certain [...]

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                                                Post Participation Review Best Practices

                                                Our film and television profit participation forensic reviews have a life of their own beyond the issuance of our report. Therefore, and based on popular demand, we wanted to share further information on what typically occurs beyond that point. Let’s imagine we have completed our review, and you [...]

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                                                  Netflix: A Global Brand

                                                  And by: Kyle Kazanjian-Amory Preliminary research done by: Devin Tang (Intern, Green Hasson Janks) Does anyone remember rewinding their VHS player to re-watch The Wizard of Oz for a third time? Maybe you were lucky enough to have one of those super-fast rewinder things. Here is a picture to jog [...]

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                                                    Chinese Investment in Hollywood

                                                    2015 was a record year for Chinese investments in Hollywood. They have grown rapidly over the past couple of years, and with significant deals such as TIK Films’ 3-year slated deal with Lionsgate, Bona Film Group’s 6-picture deal with 20th Century Fox and Huayi Brothers’ 18-picture deal with STX [...]

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                                                      “Hasta La Vista” First Dollar Gross Deals

                                                      During the last 10 to 20 years, “A-List” actors such as Arnold Schwarzenegger, who made famous the quote “Hasta La Vista Baby,” were consistently receiving “first dollar gross” (FDG) deals from most major studios.  A FDG deal can be defined as all Revenues (with home video at the industry standard [...]

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                                                        Breakevens: Breaking Down the Basics

                                                        For those of us involved in profit participation, either as talent (actors, directors, producers, creators and/or investors) or representatives thereof (lawyers, business managers, agents and/or auditors), the concept of “Breakeven(s)” is becoming ubiquitous at all major motion picture and [...]

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                                                          Entertainment: Driven by Constant Innovation

                                                          Ten years ago, no one would have thought we’d be looking at an industry where streaming video is poised to become the dominant distribution channel for television and video; multi-channel networks drive a huge percentage of content creation, people use their cell phones to consume enormous amounts [...]

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                                                            Crash Course in Profit Participation Tolling

                                                            Profit participation agreements generally include incontestability language, which only allows the profit participant to audit statements issued up to two or possibly three years prior to the date of the audit notification. On one hand, the rationale for this restriction may come from the challenge [...]

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                                                              Profit Participation Nostalgia…

                                                              I recently came across a great paper written by Mark Weinstein in January 1998 in the University of Chicago Journal of Legal Studies, entitled “Profit-Sharing Contracts in Hollywood: Evolution and Analysis.” If you are in the profit participation business, this is a must read! What caught my eye [...]

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                                                                Australia’s New “Netflix Tax”

                                                                By Jason Booth (Principal, Green Hasson Janks) Just days ago (Feb. 10, 2016), the Australian treasurer introduced draft legislation to ensure that the country’s goods and services tax (“GST”) would apply to digital products and other services provided to Australian consumers by foreign vendors in a [...]

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                                                                  Auditing in China: Three Things to Keep In Mind

                                                                  By: Shaun Hong The Chinese market for entertainment has grown exponentially over the last several years. With U.S. entertainment companies forming “co-production joint ventures” with various Chinese film production companies, the need for accuracy and completeness of foreign distribution becomes [...]

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                                                                    The State of the MCN Industry

                                                                    Now that alternative platforms to YouTube are taking hold, the Multi-Channel Network (MCN) arena is changing swiftly. Influencers are now reaching millions through their videos and content on various video platforms. With increasing notoriety, many have their own product lines, bestselling books [...]

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                                                                      A Closer Look at the Branded Entertainment Industry

                                                                      By Jordan Yospe (Guest Blogger, Eisner Jaffe) I regularly speak with film and TV producers, managers, agents and other entertainment lawyers seeking to clarify some widely misunderstood concepts in the branded entertainment industry. I’d like to share some of what I’ve explained to them in the [...]

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                                                                        Tax Considerations for Royalty Recipients

                                                                        When an artist, writer or musician receives royalty payments in exchange for the use of intellectual property, there are specific tax implications that should be considered. What are some of the implications and potential impacts for royalty recipients? Topics such as self-employment income, net [...]

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                                                                          Q&A with Video Game Attorney Patrick Sweeney

                                                                          INTERVIEW WITH: Patrick Sweeney, Esq., (guest blogger from IE Law Group) Patrick Sweeney is one of the leading attorneys in the video game industry, having served both as in-house and external counsel to a variety of companies in his career. In the Q&A below, Patrick shares with our readers [...]

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                                                                            R&D Tax Credits Are There For the Taking

                                                                            By: Helen Han (guest blogger from R&D Incentives Group) Research and Development tax credits are often affiliated with companies within in the high-tech, biopharmaceutical and manufacturing industries; however one industry that frequently overlooks the R&D tax credit is the entertainment [...]

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                                                                              What is a “Virtual Print Fee”?

                                                                              By: Jonathan Blinderman (guest blogger from Glaser Weil) Many profit participants have been noticing a new expense charged against films that receives theatrical releases: a “Virtual Print Fee” or “VPF,” leaving the participant confused as to what the charge is for. The following provides an [...]

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                                                                                Past. Present. Media.

                                                                                “A technology-driven evolution is reshaping the landscape of the television industry.” 2014 Recap: Key Trends in Television, Entertainment and Media Last year, we distributed our white paper, which gave an overview of the television industry’s radical transformation. The survey highlighted emerging [...]

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