Welcome to the Entertainment Newsletter, containing content related to the people, news and business issues we see in our day-to-day service to the industry.

In This Issue

• Congress stalled extending Section 181 – In 2004, Congress created the Section 181 Film Tax Incentive, which savvy film producers frequently combined with state incentives to attract investors to reduced-risk opportunities. But despite broad support, Section 181 expired on January 1, 2012, leaving film producers to wonder when, and if, it might return.
• New media, new income streams – As traditional media consumption continues to decline, studios and distribution companies are developing new ways to deliver and monetize content. While consumers enjoy additional convenience, content providers are quickly adjusting revenue models to include digital exploitation of content over the internet. But are these new models leaving profit participants behind?
• Highlights from CalCPA Entertainment Industry Conference – GHJ’ own Steven Sills and Ilan Haimoff participated in this year’s CalCPA Entertainment Industry Conference held at the Beverly Wilshire Hotel, in Beverly Hills. The conference focused on current financial and accounting issues facing the entertainment industry.