How do independent producers get funded? On this episode of the Media Clips Podcast, Host and GHJ Profit Participation Services Practice Leader Ilan Haimoff is joined by Loyola Marymount University Associate Professor of Finance David Offenberg and GHJ Profit Participation Expert Tracy Liang.
David is a leading expert on entertainment finance and has spoken extensively about financial trends in streaming and the entertainment industry as a whole for The Hollywood Reporter, Wall Street Journal, CNBC and Vanity Fair. He recently wrote the book Independent Film Finance: A Research-Based Guide to Funding Your Movie, which explains the fundamentals of film finance based on data and first-hand accounts from filmmakers.
Earlier this year, David shared his insights on the streaming services with GHJ’s Profit Participation Services Team for its proposal for a new profit-sharing model — called the “Everyone Wins Model.”
Co-authored by Ilan, Tracy and GHJ Profit Participation Expert Grace Guenon, this model leverages insights from GHJ’s extensive database and insights from David and other industry experts to envision a profit-sharing agreement between the producer of a mini-series and a streaming service that is more equitable than the current model.
On the podcast, Ilan, Tracy and David revisit this new profit-sharing model and how it could alleviate conflict. As evidenced by the WGA and SAG-AFTRA strikes, the current profit-sharing model for streaming deals has caused significant controversy.
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