Media and Entertainment

The FTI Consulting media and entertainment team helps clients protect and enhance enterprise value in an industry undergoing profound change in both technologies and markets. Bringing together a unique, multidisciplinary approach, our team of dedicated professionals provides a creative, experienced and objective outlook on the critical issues facing our clients. We offer the right people with the right skills to maximize value for our clients.

Our highly experienced team—experts in performance improvement strategies and implementation, interim management, restructuring and strategic communications—offers sage counsel within fast-moving, highly competitive industry segments. We deliver original insights that help clients better understand their own performance, customer behaviors and industry trends.

FTI Consulting has been at the center of the converging communications, media and entertainment worlds for more than a decade. Since the formation of our industry specialty group in 1998, we have witnessed boom-to-bust cycles, a spending recession without equal and a game-changing evolution in technology represented by wireless devices.

Performance Improvement

Some believe improvement in revenues is less controllable, less predictable—and, therefore, harder to achieve—than improvement in cost controls and efficiency. FTI Consulting disagrees. Based on our extensive work with financial sponsors and underperforming companies, we understand how to implement lasting, positive changes quickly. We provide tangible, close-ended recommendations that produce immediate results.

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Advanced Ad Optimization Raises Revenue & Reduces Costs in Television & Radio

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Monetizing Digital Revenues

Digital sales offers companies a unique opportunity to understand and profit from customer behavior, as well as to improve existing capabilities. FTI Consulting has an extensive toolkit to address the specific issues for media and entertainment companies trying to grow and maximize digital revenues.

Digital product can drive discovery and increase demand for traditional products (particularly with users of wireless devices).

Our Service Offerings:

  • Integrating digital strategy and operations into the core business
  • Augmenting operational capabilities to smooth the transition from legacy to digital
  • Segmenting customers to understand changing behaviors for various channels
  • Differentiating pricing according to customer preferences and content performance

 

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Operational Process Management

Our industry-specialized operational process management team helps clients achieve cost reductions and operational improvements in condensed time frames. We work with clients to implement best practices and to jettison practices that no longer work. At the same time, we balance the needs of legacy operations with newer sales and delivery systems.

Our operational process management team provides rigorous analyses and detailed project plans to ensure that change parameters and timetables are well-founded and actionable, to make certain progress is tracked to schedule, and to maintain a high level of accountability.  Our experts collaborate closely with management to improve operations and reduce costs in a condensed time frame by:

  • Rightsizing operations
  • Removing bottlenecks
  • Eliminating waste
  • Consolidating production
  • Evaluating outsourcing and in-sourcing options
  • Recording management of finished goods

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Strategic Communications

FTI Consulting has represented a broad range of media and entertainment companies, from start-ups to multinationals. We offer our clients access to professionals who are focused exclusively on the industry, have a broad network of relationships with key influencers, and provide communications counsel based on in-depth industry knowledge and expertise.

Having participated in hundreds of mergers and acquisitions — including many market-shaping transactions — FTI Consulting is a clear leader in sector M&As. Our team of communications professionals has unmatched insight into issues facing the sector and a rare ability to relay highly complex, technical information to a broad range of stakeholders. 

Our comprehensive suite of integrated communications services includes:

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Merger Integration

The FTI Consulting merger integration team frames and analyzes issues to help management make decisions that have far-reaching effects on recently merged companies. The team delivers industry-specific expertise, best practices, benchmarks, detailed integration and operations plans, as well as a dispassionate perspective on the recently merged entity.

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Interim Management

Investors and owners engage FTI Consulting to assist their companies through a critical period or to achieve critical goals. A company’s challenges may be strategic, operational or performance weaknesses that lead to declining cash flow or loss of investor support and confidence. Many engagements are short, requiring a fully staffed, highly skilled management team to execute quickly on a business plan. We provide our clients specialized industry knowledge and technology expertise to ensure success, in the context of the speed and agility characteristic of our successful interim managers.

Our interim managers have extensive experience advising and collaborating with boards of directors and executive teams to successfully navigate the designated interim management tasks or turnaround process.  Our turnaround and crisis management teams know how to manage risk, reduce costs, improve liquidity and communicate effectively with stakeholders.

 
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Intellectual Property

FTI Consulting offers clients a complete range of intellectual property services, including litigation support, damages quantification, intellectual asset valuation, royalty compliance, licensing, intellectual property management and brand development. With expertise in both litigation and valuation, our global team has the unique ability to establish royalty rates for technology transfer and participate in license negotiations.

 
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Litigation Support

FTI Consulting combines extensive, media and entertainment industry experience with forensic investigations and litigation support. We provide law firms and corporations around the globe with a complete range of forensic and litigation services coupled with deep industry-specific knowledge.

Our professionals have expert witness and expert report experience that combines skills in accounting, finance, economics, valuation, computer forensics and fraud investigation with industry knowledge. We have been intimately involved in some of the nation’s most historic, high-stakes cases. The team includes certified public accountants, certified fraud examiners and insolvency professionals, among others.

 
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Investment Banking

The breadth of resources at FTI Consulting enables us to pair industry expertise with investment banking and transaction execution expertise when such specialized expertise is critical to a transaction’s outcome. Our unique capabilities allow us a competitive edge to understand and to convey to potential buyers, sellers and financing sources a company’s key business drivers.

 
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Restructuring

With our team’s in-depth, industry-specific operational experience and world-class financial expertise, FTI Consulting has led the restructuring league tables for many years. We have a highly respected track record of stabilizing overleveraged companies, resolving balance sheet issues, reassuring creditors, restructuring debt and providing interim management.

FTI Consulting is well-known for mobilizing the specialized, highly experienced services needed for each unique situation. Our restructuring team helps clients improve liquidity, conserve cash and manage working capital with services that include:
  • Contingency planning
  • Stakeholder negotiation
  • Divestiture analysis
  • Debtor-in-possession and exit financing options

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Valuation & Financial Advisory Services

Our extensive experience in developing asset and business forecasts, and assessing a company’s value and viability in light of industry trends and global market conditions, enhances the value of our transaction opinions (such as fairness, solvency and collateral valuation opinions), financial opinions (such as purchase price allocation, goodwill impairment and fund portfolio valuation opinions), tax-related opinions, financial and strategic analysis, and transaction support services for parties seeking greater insight and comfort than what is often provided by competing firms.

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2012 CES Review

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A Brighter Future for Publishers

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The Effects of Tablets on U.S. Content Consumption

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Key Contacts
Carlyn Taylor Senior Managing Director, Leader of Industry Initiatives
Corporate Finance
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Bruce Benson Senior Managing Director
Economic Consulting
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Ken Harding Senior Managing Director
Corporate Finance
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Christopher Nicholls Senior Managing Director
Corporate Finance
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Charles Palmer Managing Director
Strategic Communications
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Luke Schaeffer Senior Managing Director
Corporate Finance
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