Entertainment firms 'focusing on improving efficiencies'

Tue Feb 9 2010 13:54

Entertainment companies are making efforts to maximise efficiencies, it has been suggested.

This year will continue to see entertainment and media companies look to improve efficiencies.

Such is the assertion of PricewaterhouseCoopers, which notes in its Transaction Services 2010 US Entertainment & Media M&A Insights report that the financing and economic challenges that many firms experienced last year will continue to persist.

Thomas Rooney, entertainment and media leader for PricewaterhouseCoopers' transaction services division, notes that companies and investors in the media industry "are currently focusing on driving efficiencies by zeroing in on their core competencies".

And as the use of production costing software could help to manage costs, the publication goes on to note that there could be an increasing number of deals taking place within the sector as access to credit improves and the economy recovers.

Those firms considering how TV software can help to drive efficiencies may be interested in a recent Guardian article citing the "relatively modest" production costs of EastEnders as driving value for the BBC.

At an average of £150,000 per episode to produce, it attracts more than 10 million viewers.