Securing the Show: Risk Management and Human Capital Solutions for the Entertainment Industry

From production to performance, we understand the complex risks facing today's entertainment operations. We’ve created a Financial Impact Report that focuses on aligning your business objectives with Risk Management and Human Capital solutions.

First, we ground our understanding of your business in the context of what is happening today in the wider industry…

Risk Management
The U.S. entertainment industry is experiencing a significant shift from traditional cable TV to streaming platforms, prompting companies to reassess their content distribution strategies.
Comcast announced plans to divest a substantial portion of its NBCUniversal cable TV assets, including MSNBC and CNBC, due to increasing competition from streaming platforms.
Source: REUTERS
2024
Employee Benefits
The rise of artificial intelligence (AI) in content creation is influencing employment dynamics within the entertainment sector, necessitating companies to adapt their workforce strategies.
Ben Affleck highlighted that while AI may handle laborious tasks, it lacks the ability to produce quality art like humans, indicating that true artistic decisions remain beyond AI's reach.
Source: ENTERTAINMENT WEEKLY
2024
Insurance
The resurgence of live events and in-person entertainment is leading to increased demand for event insurance coverage as companies seek to mitigate potential risks associated with large gatherings.
The global entertainment and media industry saw total revenues rise 5% in 2023 to US$2.8 trillion, with in-person events such as global cinema projected to return to pre-pandemic levels.
Source: PWC
2024
Risk Management
The entertainment industry's reliance on high-profile talent and intellectual property is prompting companies to invest in comprehensive risk management strategies to protect their assets.
Taylor Swift's Eras tour grossed over $1 billion, significantly boosting the U.S. economy by an estimated $10 billion, highlighting the substantial financial impact of individual artists.
Source: MARKETWATCH
2024
Employee Benefits
The evolving media landscape, characterized by mergers and acquisitions, is affecting employee benefits and job security, leading companies to reevaluate their human resources policies.
Paramount Global announced plans to reduce its U.S. workforce by 15% to save $500 million, as part of a broader $2 billion cost efficiency program following its merger with Skydance Media.
Source: MARKETWATCH
2024

We search for both Visible and Hidden Risks in your operations.

Visible Risks

  • Property Damage (Sets, Equipment, Venues)
  • Production Delays
  • Cast Insurance
  • Workers' Compensation
  • Event Cancellation
  • Equipment Breakdown

Hidden Risks

  • Intellectual Property Disputes
  • Cyber Threats and Data Security
  • Reputation Management
  • Force Majeure Events
  • Regulatory Compliance
  • Digital Distribution Risks
  • Content Liability
  • Talent Management
  • Environmental Impact
  • Social Media Exposure

Next, we apply our EBITDA Edge framework to your business…

1

Discovery

  • Comprehensive production risk assessment
  • Venue and equipment evaluation
  • Historical claims pattern analysis
  • Distribution channel mapping
  • Digital asset protection review
2

Risk Mitigation

  • Custom safety programs for productions
  • Digital security protocols
  • Cast and crew safety training
  • Business continuity planning
  • Content protection strategies
3

Modeling & Analytics

  • Production delay impact modeling
  • Revenue projection analysis
  • Audience engagement metrics
  • Operating cost optimization
  • Distribution platform analysis
4

Claims Process

  • 24/7 incident reporting
  • Digital evidence collection
  • Crisis management protocols
  • Production interruption minimization
  • Reputation recovery planning
5

Risk Transfer

  • Entertainment coverage design
  • Global market optimization
  • Alternative risk solutions
  • Contingency coverage
  • Media liability protection

We focus on the business drivers that impact your business…

    • Multi-platform distribution strategies

    • International market access

    • Content diversification

    • Live event expansion

    • Digital transformation initiatives

    • Streaming platform partnerships

    • Audience engagement innovation

    • Merchandising opportunities

    • Production scheduling efficiency

    • Digital asset protection

    • Distribution network optimization

    • Talent retention strategies

    • Sustainable production practices

    • Rights management

    • Crisis communication planning

    • Technology integration

    • Production financing

    • Revenue stream diversification

    • Equipment and technology investment

    • Intellectual property monetization

    • Joint venture opportunities

    • Capital structure optimization

    • Investment in emerging platforms

    • Global expansion strategies

Lastly, to execute on our goals, we’ve created a suite of world-class tools customized specifically for the entertainment industry…

📊

Risk Mapping Edge

Comprehensive analysis of entertainment operations to identify and address unique risk exposures across productions, venues, and digital assets.

  • Production risk assessment from pre to post-production stages
  • Venue and equipment liability exposure mapping
  • Digital asset and intellectual property risk analysis
  • Cast and crew safety risk evaluation
  • Event cancellation and business interruption exposure assessment
🔍

Risk Insight Edge

Strategic analysis of entertainment industry trends and emerging opportunities in modern media production and distribution.

  • Digital platform and streaming technology adoption strategies
  • Virtual production and remote workflow innovations
  • Content monetization and distribution channel opportunities
  • Sustainable production practices implementation
  • Global market expansion risk assessment
📈

Market Intelligence Edge

Deep understanding of entertainment insurance markets and rate environments across different coverage lines.

  • Real-time monitoring of production insurance markets
  • Media liability coverage rate analysis
  • Event cancellation insurance market tracking
  • Carrier appetite for entertainment risks assessment
  • Emerging coverage options for digital content risks
💹

Pricing Edge

Strategic approach to optimizing insurance costs through production risk quality improvements and market positioning.

  • Production safety program development for premium reduction
  • Digital security protocols implementation and assessment
  • Claims history analysis and loss control strategies
  • Alternative risk financing options for productions
  • Experience modification rate optimization for studios