Whether it’s the traditional press and broadcast media, or the multitude of new media, audiences now have more choice than ever before. For media and entertainment companies, integration and adaptability are becoming critical success factors. Ernst & Young’s Global Media & Entertainment Center brings together a worldwide team of professionals to help you achieve your potential — a team with deep technical experience in providing assurance, tax, transaction and advisory services. The Center works to anticipate market trends, identify the implications and develop points of view on relevant industry issues. Ultimately it enables us to help you meet your goals and compete more effectively. It’s how Ernst & Young makes a difference.
The Media & Entertainment (M&E) market can be characterized by two words: diversity and competition. Indeed, this sector - covering such diverse areas as advertising, broadcasting, music, publishing, filmed entertainment and sports - is extremely competitive. Consequently, responding on time to market demands and consumer wishes is critical: consumers want information and entertainment at a reasonable price and with minimum efforts.
One of the main challenges of the M&E industry consists in deciding whether or not to expand the vertical chain: from content production to distribution and broadcasting. Through the Internet revolution and the emergence of interactive TV-services, content delivery has become increasingly important and is now considered the main pillar of the media industry.
The combination of the Internet revolution and the intensive competition implies that media companies must continually offer high quality content, while staying price competitive in order to attract more and new advertisers.
Our added-value offering. The Ernst & Young Technology, Communications and Entertainment team has developed strong competencie and knowledge within the Media & Entertainment business and market. Our team has gained experience through real case activities with local and international assignments.
Some examples of assignments specific to the Entertainment industry:
How can you manage your company through the recession and position yourself for growth? After interviewing thousands of M&E executives, we identified some overarching themes. From rethinking your business model to demonstrating operational flexibility, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.
Contact one of our professionals to see how we can put our Media & Entertainment experience to work for you
If you are interested in:telecommunicatione-commercebroadcastingdiscover our indirect tax section
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