As businesses look for economy recovery amid COVID-19, GHJ Media and Advertising Expert Dan Landes talks with Senior Director at Banc of California Adrian Ward and GHJ State and Local Tax Leader Frances Ellington on the opportunities the CARES Act brings for entertainment businesses in GHJ’s Media Clips podcast. Find out from the experts how banks are navigating clien [...]

GHJ is pleased to announce Partner Steve Sills, Principal Peter Klass and Manager Tracy Liang as authors and contributors in the third edition of Movie Money: Understanding Hollywood's (creative) Accounting Practices. Hollywood and COVID-19 The closure of movie theatres demonstrates the vast impact of the coronavirus outbreak on the film industry. The immedia [...]

Most companies are “elbows deep” in implementing the new revenue recognition standard. The new standard, ASC 606 - Revenue from Contract with Customers (which the FASB has been working on since 2014) represents the most significant change in accounting methodology in the past 20 years. The new standard is effective for private companies with annual periods beginning a [...]

I recently served as Program Chair for a panel presented by the Entertainment Law Executive Committee of the Beverly Hills Bar Association. The program, titled Backend Optics: Profit Participations Through Different Lenses, was moderated by GHJ Principal Anita Wu and offered in-depth perspectives of a negotiator, auditor and litigator. With former experience at a maj [...]

ASC 606 - Revenue from Contract with Customers represents the most significant change in accounting methodology in the past 20 years. The objective of the new guidance is to create and help standardize how revenues are recognized across all industries to improve comparability and transparency. ASC 606 has the potential to significantly impact the way that revenue has [...]

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 performances there. I had the pleasure of meeting with Lana, who is a [...]

In our last nonprofit blog “Risk Management for Nonprofits – How to Not Make the News,” Yulia Murzaeva noted seven commonly identified risk exposures that nonprofits are continuously faced with and should assess as part of their risk management strategy. This post will take a deeper dive into one of the most complex and highly targeted areas of risk management, Techno [...]

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 Star Wars: The Last Jedi, which made only $42 million dollars in China box [...]

The House of Representatives Ways and Means Committee released their plan to significantly rewrite the tax code. The Tax Cuts and Jobs Act contains a wide range of changes affecting individuals and businesses. While the bill still needs to pass both houses of Congress and is expected to undergo changes throughout that process, it provides a detailed framework [...]

By Danny Simon (CEO, The Licencing Group LTD) and Ilan Haimoff (Partner, GHJ) Film And Television Brand Integration And Cross Promotion Opportunities With more and more subscribers and viewers skipping commercials on their or similar technologies, advertisers are looking for new and creative ways to get their brand recognition and message across to the consumer. Two [...]