Nigro Karlin Segal & Feldstein, LLP’s Film and Television Participation Services focus on two areas.
Motion Picture and Television Distribution Audits
Entertainment industry contracts can be notoriously complex, yet paradoxically, they are often “signed, sealed and delivered” with a handshake and limited documentation. Entertainers can end up at the mercy of the studio’s accountants. We level the playing field by identifying your client’s legitimate entitlements and calculating all the participations due.
Motion Picture and Television Cost Audits
When a studio allocates dollars to itself and away from participations, your client’s income goes down. It’s then that you need someone to take their best interests to heart. We determine how to maximize that income by carefully scrutinizing production cash flows and the studio’s justifications for its accounting judgments.
Our professionals bring to the table first-hand, insider knowledge of the film and TV business. This experience provides an advantage when it comes to accurately assessing unreported and underreported royalties. The result is that our film and TV participation audits specify the precise effect that each of the following areas has on amounts due to your clients:
Misallocated revenue
Unreported revenue
Individual cash streams concealed through vertical integration
Improperly charged overhead costs
Incorrectly computed interest
Improper expense allocations
Unreported asset dispositions
Unreported advances
Improperly computed breakeven points
Improper tax allocations or charges
Clerical errors
Improper distribution fees
Unreported rebates
Call Kyle Uemura at (310) 229 5172 or Jill Goldstein at (310) 229 5112 to learn more about the NKSF profit participation auditing.
