When the COVID-19 pandemic hit, the music industry was significantly affected as live events were essentially shut down and projects were put on hold. Despite this, the past two years have seen unprecedented sales of music catalogs at a soaring valuation. Music catalogs are sold not only to traditional music companies but also to institutional investors who consider [...]

Originally posted on Ekos. It is a common problem: a small brewery becomes popular and outgrows its current facility. Moving into a bigger space is a big decision – expensive, too. On the flip side, another common scenario is a brewery that has excess capacity. The company is burdened with too much overhead and may struggle to be profitable. Contract brewing and alt [...]

GHJ Profit Participation Services Practice Leader Ilan Haimoff and Jason Squire, USC School of Cinematic Arts Professor Emeritus and editor of The Movie Business Book Fourth Edition, continue this season of “The Movie Business Podcast” looking at “The New Normal” from different perspectives. In this episode, they talk to Craig Wagner, Head of Business Affairs and Gene [...]

One concept introduced in 2017 by the Tax Cuts and Jobs Act (TCJA) was Global Intangible Low-Taxed Income (GILTI). One priority of TCJA was to ensure that U.S. taxpayers were not mitigating their U.S. tax liability by migrating assets to low- or no-tax jurisdictions. As a result, anti-deferral rules were created to ensure a minimum income tax was paid on the earnings [...]

GHJ Entertainment Partner Ilan Haimoff welcomes Akin Gump Partner Chris Spicer and J.P. Morgan Managing Director Darian Singer for a special video edition of GHJ’s Entertainment Videocast Series. Since Ilan, Chris and Darian last met in 2021, the world has gone through another COVID surge, geopolitical challenges and surging inflation. In this edition of the Videocas [...]

Originally posted on Ekos. The craft beer industry is changing so quickly it can be hard to keep up with all developments. Forces at play include the headwinds of COVID and its myriad downstream effects, such as supply-chain disruption. These issues have affected every industry worldwide, but craft beer has its own additional layer of complexity. The explosion that [...]

Originally posted in TLNT. Everyone knows the importance of increasing board diversity at nonprofits — but there are barriers that hinder diversity, equity, inclusion and accessibility (DEIA) efforts. In fact, according to Fundraising Voices, only 22 percent of board members nationwide come from underrepresented backgrounds. Further, according to the 2021 Leading Wit [...]

The streaming era comes with its own set of challenges, paramount of which is the lack of data. Streaming services offer limited views into who is watching the content, and there is no incentive for them to share that information. In this episode of the Media Clips Podcast, GHJ Filmed Entertainment Practice Leader Peter Klass talks to Lukasz Jeziorski, Founder and CE [...]

The U.S. Department of Agriculture (USDA) requests applications for the Meat and Poultry Processing Expansion Program (MPPEP). This program provides grants to help eligible meat processors expand their capacity and provide other assistance to maintain and improve the food and agricultural supply chain. USDA Rural Development is making $150 million of American Rescue [...]

Historically, if a tax-exempt organization were generating a loss from one activity (such as advertising), it would be able to offset it with a gain from a separate activity, such as unrelated business taxable income (UBTI) reported on a Schedule K-1. In 2017, the Tax Cuts and Jobs Act (TCJA) added a new IRC section 512(a)(6) and introduced a new UBTI silo concept. [...]