Once upon a time, social marketing – even within big brands – was disengaged from a company’s long-term financial strategy.
Finance professionals in media and entertainment
A blog from Tom Chadwick, Director, Finance at Handle Recruitment, focusing on finance talent and staffing issues within the media, entertainment and inspirational brand sectors
Gianni Versace has underscored its recovery from the brink of collapse three years ago by reporting a 39 per cent jump in retail sale
Earlier this month it was reported that sales of downloaded music, films and video games exceeded £1 billion in 2012, breaking all previous records.
Nominations for next year’s Golden Globes were announced last month – and British talent dominates the list.
Home entertainment is a highly competitive business where success ultimately depends on financial prowess.
According to recent reports, online fashion retailer ASOS has posted a pro-forma pre-tax profit of £40 million compared to last year’s £12.6 million. Revenues surged during the last year as the company enjoyed strong trading in overseas markets such as America and Australia.
Selfridges is expected to celebrate topping £1billion in sales for the first time this year.
Last week it was reported that the London Evening Standard has achieved its aim of making a profit within three years of going free.
According to a recent report by the British Phonographic Industry (BPI), revenue from ‘360 degree’ deals – where a musician signs over the rights to live shows and merchandise to record labels – rose 14% to £76million last year.