Contractual agreements between cable or satellite distribution platforms and TV broadcasters for fees in exchange for retransmission consent of their over the air signals are now commonplace. The revenue significance is growing, as well. One recent report suggests that revenues from retransmissions consent agreements will top $1.3 billion for the television broadcast industry by 2012.
As the new revenue stream grows in significance, so to do the requirements for stricter financial controls of the cash generated from these transactions. The daily subscriber and financial transactions that occur within Cable and Satellite distribution platforms are uniquely complex and require a great deal of experience in order to understand them correctly. Ultimately, everyone needs assurance that they are achieving the expectations they negotiated for in their agreements. In today's corporate environment, it is imperative that you can demonstrate sufficient transparency with regard to proper validation and stewardship of your significant financial indicators.
Cable Audit Associates, Inc. is positioned to help you manage this important revenue stream.
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Article in January/February edition of The Financial Manager by CEO Bruce Lazarus [CLICK HERE] to read.
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