Media and Entertainment
Australia has a burgeoning media and entertainment industry, with our music sector alone being the 10th largest in the world. The market has seen a clear digital evolution. Changes in the character of contracts, from record deals to content creation with multiple revenue streams and licensing agreements are just a few.
This major shift from “product” to “content” has complicated the accounting landscape, with income now originating from various sources across multiple short and long-term contractual arrangements for artists and content creators.
We understand the Media and Entertainment Industry
We know how challenging it can be to work with advisors who do not understand your business or industry. Moore Australia has an entertainment division staffed by professionals with vast experience working with successful musicians, bands, song writers, touring artists, podcasters, influencers, actors and authors.
Our greatest commitment to our clients is confidentiality, coupled with strong internal controls to ensure that all revenue streams are thoroughly and independently audited – giving you the peace of mind that you are receiving your full entitlements in line with your contractual agreements.
Accounting can be complex, particularly when you have multiple agreements across various territories. The team at Moore Australia will sit on the same side of the table as you, providing support, guidance, education and a trusted review of the industry partnerships and agreements that you forge.
Our specialist media and entertainment advisory services include:
- Bookkeeping, invoicing, bill payments, payroll and bank reconciliation
- Cashflow forecasting
- Foreign income and tax residency advice
- Tour budget analysis and tracking
- APRA and AMCOS royalties accounting
- Tracking of brand endorsements and sponsorships
- Reporting on merchandise revenue
- Export market development grant applications and lodgements
- Wealth management to secure your financial future beyond performing
- Tax accounting and regulatory compliance
- Family Office services incorporating lifestyle support, concierge services, travel bookings, diary management, wills and estate planning and insurance
For a free and confidential discussion of your personal circumstances, please contact your nearest Moore Australia advisor.