On August 3, 2017, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to clarify and improve the scope and accounting guidance for contributions received and contributions made, primarily as it relates to not-for-profit entities (NFPs). The proposed ASU covers two significant topics: Helps organizations decid [...]

A passion for clients. An innate curiosity. David Horwich has both of these qualities and, combined, they allow him to have a dogged interest in helping clients solve challenges. David’s special skill is analyzing ways to optimize business performance and increase shareholder value. He does that in a very particular way: he offers nearly 30 years of investment banking [...]

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 limited liability company in order to provide themselves with liability [...]

If you are anything like me, then you are a very tall man who loves to eat. As such, I rarely exclude anything from the realm of possibilities of my diet. That is not to say I do not eat healthy, but I cannot think of many examples of foods that I would purposefully ignore or avoid if they tasted good enough. On the exact opposite side of this spectrum is my dad. You [...]

2016 was the first year that the baby boom generation reached age 70 ½, and millions more will hit that milestone in the years ahead. The gift from the IRS is that they must begin withdrawing funds from their traditional individual retirement accounts and employer-sponsored retirement plans, such as 401(k) plans. Overview of RMDs Individuals cannot keep retirement f [...]

By: Christian Tom What laws govern the ownership of artistic work? There have been numerous cases brought to court in the past few decades regarding the subject of legal title of artwork. One of the most famous and public cases was the Republic of Austria v. Altmann, in which the plaintiff, Maria Altmann, argued that five paintings, painted by Austrian artist, Gustav [...]

You’ll never truly be ready for the challenges and uncertainty of being a new parent. When I found out I was pregnant with Ava, I immediately began thinking about how to balance my career while being a new mother. It was not easy at first, but with careful planning, support from my team at work and family and an initiative towards work anytime/anywhere, I was able to [...]

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 (“VR”). The goal of VR is to transform traditional viewing into a new real [...]

Click here to listen to our latest Media Clips podcast discussing the State of the Entertainment and Media Industry. Led by GHJ Partner Ilan Haimoff with guest Jeff Cole, Director of the Center for the Digital Future at USC Annenberg School of Communication, this podcast explores the potential game changers for the Film and Television Industry and much more. About [...]

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, DirecTV, Sony, Vudu, Google, Hulu, as well as foreign licensees, such as FilmFl [...]