Finance Process Re-Alignment for a Music Publishing Business Model
Project scope
Categories
Accounting Financial modelingSkills
music industry music publishing finance adaptability income tax operationsNaz Music Inc. aims to modernize its internal finance practices to better align with the evolving dynamics of the music industry, particularly focusing on the sync licensing sector. The project seeks to establish a streamlined finance process that supports sync licensing operations, ensuring compliance and efficiency. This involves analyzing current finance procedures, identifying gaps, and proposing a new framework that integrates recent industry changes. The project will also provide a foundation for refiling business income taxes for the past five years, ensuring accuracy and alignment with the updated processes. By achieving these objectives, Naz Music Inc. will enhance its financial operations, supporting growth and adaptability in a competitive market.
The project will deliver a comprehensive report outlining the proposed finance process tailored for sync licensing. This includes a detailed analysis of current practices, identified gaps, and recommended improvements. Additionally, a step-by-step guide for implementing the new process will be provided. The project will also include a preliminary plan for refiling business income taxes, ensuring compliance with the updated finance framework.
Providing specialized, in-depth knowledge and general industry insights for a comprehensive understanding.
Sharing knowledge in specific technical skills, techniques, methodologies required for the project.
Direct involvement in project tasks, offering guidance, and demonstrating techniques.
Providing access to necessary tools, software, and resources required for project completion.
Scheduled check-ins to discuss progress, address challenges, and provide feedback.
About the company
Naz Music is a BC-based Production Music Library specializing in: Vintage Jazz & Big Bands, New Age Lounge, Gypsy, Exotica, Surf, Spy, Spaghetti Westerns, traditional & modern Classical, Ultra Lounge, Rock Operas, Contemporary, Blues & other outer worldly genres.
Additionally, we are a Content Production Studio. We specialize in producing & licensing top-shelf guitar solos & duos recorded in HiDef using analog tube-driven equipment, emulating nostalgic soundscapes.
We also remaster Vintage Master Recording Reels for entry into Digital Music Markets. Our goal is to refine our Digital Marketing practice to more closely reflect the recent changes in the Music Industry, as well as redefine our target market to more closely suit Brand realignment targets and our Sync Licensing practice.
Naz Music has been working closely with an application developer who has created innovative publisher tools for independent publishers so they can compete with large-scale major publishers (like BMG, or, Sony, or, Universal Music). It levels the playing field by granting access to a high-quality toolset, without the $20K software acquisition price.