Along with success in the entertainment industry, accounting and other financial requirements tend to grow exponentially. Managing your assets takes greater time and skill. Protecting your wealth for the long-term is essential. Your income may also be complex —generated by intellectual property, licensing, royalties, and international earnings. This gives you even more reason to engage specialists who will ensure your tax and wealth management strategies are optimized. CohnReznick’s entertainment practice combines expertise to serve you at home and abroad with a full array of financial and advisory capabilities.
CohnReznick thrives on the eclectic mix of talent and stakeholders in the entertainment industry. Our Entertainment Practice serves the industry exclusively and has developed an extensive network of clients and contacts through our many years in the business.
NOTABLE CLIENT LIST
Our ongoing engagements with a range of entertainers include many well-known and highly respected companies and personalities
- Composers
- Directors
- Models
- Professional athletes
- Producers
- Production companies
- Recording and performing artists
- Theater and film performers
- Writers
EXPERTISE ACROSS BUSINESS SECTORS
The tax and accounting needs for entertainment industry sectors vary greatly. Our vast experience extends to companies and employees of digital media, motion picture and television production companies, and music studios.
Our professionals bring the full strength of CohnReznick’s industry-leading audit, accounting, tax, and advisory services to entertainment industry clients. We also provide a wide range of private client services to manage personal wealth build multi-generational legacies. For Entertainment Practice clients we also provide:
CONCIERGE SERVICES
When you require it, we will manage household staffs along with their payroll and benefits. In addition, we provide extensive cash management and bill payment services.
INSURANCE ANALYSIS AND RISK MANAGEMENT
Entertainment personalities and production companies must carefully manage the risks they take on — financially, personally, and with regard to their “brand” reputation. We evaluate current coverage, identify cost saving possibilities, and make recommendations to fill gaps in coverage.
WEALTH MANAGEMENT AND ESTATE PLANNING
Managing significant personal wealth requires planning and strategy. We work with many high-net-worth individuals and family offices, assisting them with trust and estate planning, asset management and investment monitoring, succession planning, real estate consulting, and philanthropic planning and execution.
TAX CREDITS AND INCENTIVES
When you are pursuing a venture, we are experts on the tax incentives and credits that states and localities offer to attract production and distribution companies — and the requirements to meet them. We help you leverage production and other tax credits to help you offset the high costs associated with location filming and other production activities.