If there were a way to buy more hours in the day, business managers would be the first in line. The demands of the job have grown exponentially over the past decade as clients at all income levels rely on trusted advisers to guide them through the inevitable ups and downs of a career in showbiz.Business managers need to have expertise on tax policies that stretch far beyond U.S. borders. They need to understand currency fluctuations, royalties, residuals and the passive income that comes from vintage recordings, TV shows and movies that may no longer be on a client’s C.V. The areas of specialization are as diverse as the artists who work in entertainment.
\n\nFor sure, paying bills on time and monitoring the cash flow in a client’s checking account is only a fraction of the job these days.
\n\n“When I started, a lot of the job was telling people what already happened. ‘Here’s what you made, here’s what you owe.’ Now it’s all about forecasting what a tour, a catalog offer or what a label and publishing deal will actually net,” says Justin Sauer, a veteran business manager based in Nashville with PS Business Management. “We spend way more…
Original source: https://variety.com/v/tv/