Bookkeeping for Entertainment & Media
Bookkeeping Built for
Entertainment and Media Companies
Project and Production Accounting
We track income and expenses by project, production, or title -- giving you a clear view of the economics of each engagement, deal, or production.
Royalty and Rights Income Tracking
We account for royalty income, licensing fees, and rights-based revenue streams correctly, ensuring every dollar earned is recorded and reconciled.
Multi-Entity and Deal Structure Support
We manage the accounting for complex deal structures and multi-entity arrangements common in entertainment and media -- including SPVs, co-productions, and licensing entities.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
Bookkeeping for Entertainment and Media Companies
What makes us different?
Entertainment and media companies operate with financial structures that differ from most other industries. Revenue comes from multiple sources — production deals, licensing, royalties, syndication, streaming, and live events — and the timing of recognition for each requires careful attention. Project-based cost tracking is essential for understanding the actual profitability of each production or deal. And the multi-entity structures that entertainment and media companies commonly use add complexity to the accounting function.
Corviniti provides bookkeeping services specifically designed for entertainment and media companies. We maintain accurate, project-level financial records, account for royalty and licensing income correctly, and manage the accounting for multi-entity deal structures. We give production companies, agencies, talent management firms, and media businesses the clear financial picture they need to run their operations effectively.
We work with businesses across the entertainment and media sector — film and television production companies, music publishers, talent agencies, podcasting and digital media companies, and advertising agencies. We understand the specific accounting issues each type of business generates.
We help with:
- Project-Level Accounting: Track income and expenses by project, production, title, or client engagement to understand the true economics of each activity.
- Royalty and Licensing Income: Account for royalty payments, licensing fees, and rights-based revenue correctly, including reconciliation to statements from distributors and publishers.
- Talent and Crew Payroll Support: Coordinate with payroll providers to ensure production payroll is recorded correctly and allocated to the right project or cost center.
- Multi-Entity Accounting: Maintain separate books for SPVs, co-production entities, and other deal-specific legal structures commonly used in entertainment.
- Deferred Revenue and Advance Accounting: Account for production advances, development fees, and deferred revenue correctly under applicable accounting guidance.
- Monthly Close and Financial Statements: Execute a complete monthly close and deliver accurate financial statements that reflect the actual performance of the business.
- Tax Preparation Support: Maintain the financial records and supporting documentation your tax advisors need for annual preparation and planning.
- Cash Flow Management: Monitor cash flow across projects and entities to ensure liquidity is maintained and production obligations can be met.
Our Bookkeeping Services
Monthly Bookkeeping
Maintain accurate, project-level financial records with a disciplined close process that gives you a clear view of overall business performance and individual project economics.
- Project Cost Tracking: Track expenses by project, production, or client to understand the profitability of each engagement.
- Revenue Reconciliation: Reconcile royalty statements, licensing payments, and other revenue sources to the general ledger each period.
- Financial Statement Delivery: Deliver accurate monthly financial statements that reflect the actual financial position of the business.
- Multi-Entity Reconciliation: Maintain consistent books across each legal entity and reconcile intercompany activity.
Cleanup and Catch-Up
Organize and correct historical financial records, reconcile backlogged royalty statements, and establish a clean baseline for ongoing bookkeeping.
- Historical Royalty Reconciliation: Reconcile historical royalty and licensing statements to amounts recorded in the general ledger.
- Project Cost Cleanup: Organize and correctly allocate historical project costs that were recorded informally or inconsistently.
- Ledger Cleanup: Resolve miscoded transactions, open reconciling items, and prior-period errors.
Financial Planning & Analysis
Translate accurate financial records into the analysis that helps entertainment and media businesses understand project profitability and plan for the future.
- Project Profitability Analysis: Compare actual project costs and revenue to initial budgets to understand the true economics of each production or deal.
- Cash Flow Forecasting: Build forward-looking cash models that reflect production schedules, payment timing, and anticipated revenue receipts.
- Revenue Pipeline Reporting: Track expected royalty, licensing, and production income against the pipeline to support cash planning.
Contact us to discuss scope and pricing for your business.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides entertainment and media bookkeeping with the technical depth of a Big 4 firm and the responsiveness of a boutique that understands how deals and productions actually work.
We work with businesses across the entertainment and media sector
From film and television production companies to music publishers, talent agencies, and digital media businesses, Corviniti provides the bookkeeping support that entertainment and media financial complexity requires.
- Professional Services Experience
- Tax-Preparer Ready Year-Round
- Audit and Due Diligence Ready
- Big Four Experience, Boutique Attention
- Flexible Support That Grows With You
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your entertainment or media business and what your current bookkeeping looks like. We will respond within 24 hours.
Learn More From
Frequently Asked Questions
We set up a cost center or project code for each production and track all income and expenses against it throughout the project lifecycle. This gives you a clear view of the actual economics of each production — comparing actual costs to budget, tracking revenue as it is received, and producing a final project-level profit and loss when the production closes.
Yes. We reconcile royalty and licensing statements to the amounts recorded in the general ledger, identify discrepancies, and help management track amounts due under licensing agreements. Royalty reconciliation is one of the most commonly neglected areas of entertainment bookkeeping and one of the most important for understanding actual revenue.
Yes. Multi-entity deal structures are common in entertainment and media, and we maintain the books for each entity separately and manage the intercompany accounting between them. We ensure each entity’s financial records reflect its specific economic activity and that the combined picture is accurate and consistent.
Production advances and development fees require careful accounting — depending on their terms, they may be recognized as revenue immediately, deferred until a performance obligation is satisfied, or treated as a liability that is repaid from future revenues. We analyze the specific terms of each arrangement and apply the correct accounting treatment under ASC 606 or applicable guidance.
Yes. Organized, accurate financial records are critical when a transaction process begins. We help companies prepare their financial records for due diligence — cleaning up the books, organizing supporting documentation, and preparing the financial package that buyers or investors will want to review.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our KYC and onboarding process is straightforward and does not create unnecessary delays before the actual work starts.
