Media and entertainment industry challenges

Technology has transformed how we consume media and media organisations must evolve to keep up. Whether you're in print, music, gaming or broadcast media, the ground beneath your feet is changing and new opportunites are emerging. It's easier than ever to enter the market now, and if you're serious about the industry, you can't simply settle for maintaining market share. By addressing the challenges and preparing for the future you'll be able to pursue new opportunities for growth and profit optimisation. 

Challenges facing the media industy:

Fragmentation of Content and Rights Management

  • Audience numbers are dispersed  across multiple channels and niche on-demand platforms. 
  • Content creators have more paths to market, but managing costs is more complex. 
  • IP rights must be monitored, managed and enforced.

 

By streamlining operations and creating a single integrated data-driven platform using SAP S4/HANA, organisations can keep control of their content and manage how it is used, where it is used, and have visibility of the revenue streams for different routes to market. 

 

 

Complex Licensing and Royalty Structures

  • One-time-only, or physical use payments have been replaced with subscription models and recurring revenue.
  • Complex royalty calculations are favoured over traditional cost-per-sale royalty calculations.
  • Rights for different locations, geographies, languages, etc are bought and sold more freely. 

    With a single source of truth,  media organisations can get visibility of all data across their organisation, making it easier to manage and track contracts and licenses from negotiation through to distribution. 

 

Multiple Revenue Streams and New Opportunities

  • Traditional advertising revenue has declined and content delivery platforms need to plug the gap.
  • Content is more readily shared, sold or licensed with greater profitability and infinite complexity. 
  • Other licensing opportunities have opened up new revenue streams such as merchandise, games and experiences. 

    With real-time integrated data and financial insights media companies can blend multiple revenue streams and manage subscription, usage-based, licensing and advertising models.

Viewer Expectation Changes

  • With more choice for viewers, content delvery platforms are under pressure to present the right content to the right viewer at exactly the right time.
  • Viewers also have higher expectations for service delivery. Downtime isn't tolerated and viewers vote with their feet. 
  • Media organisations need to know more about their customers and their behaviours to deliver tailored services.

 By bringing data together into a single platform, insights will be richer, more reliable and more timely, making it easier to deliver content and services that meet customer expectations. 

Content Creation Cost Creep

  • With more media companies clamouring for access to a limited skills and resources pool, content costs can easily creep upwards. 
  • Global uncertainty means price fluctuations that affect global projects and make profitabilty hard to predict.
  • Automated bidding systems and a shift to ad-supported plans have a knock-on effect for marketing costs.


With greater data clarity, film costs can be controlled, and amortised more easily and revenue reporting can be more accurately attributed to individual titles. 

Legacy Systems Slow Down

  • Legacy systems are often bolted together over time and Excel spreadsheeets used to fill the gaps making data inaccessible at best and unreliable at worst. 
  • Integrations can comprise the robust nature of your once-resilient systems makign them fragile. This can make regular maintenance feel like a risk.

  • Most legacy systems were designed for a different time and adapted to fit. A lack of capabilities can prevent you pursuing new opportunities.

A single system means faster data and more reliable delivery. Reports can be run in minutes or hours instead of days or weeks, so you can move faster when the market needs it. 

How S/4HANA Delivers Finely-Tuned ERP to the Media Industry

With SAP S/4HANA, your data will be more robust and reliable, insights more revealing, and workflows, processes and automations delivered with laser precision. But how do you get there?

With over 20 years' experience solving challenges for media and entertainment organisations all around the world, Invenio knows a successful deployment is about more than a solution that works.

With end-to-end support for your ERP migration, our global teams will help you find the right path to a digital transformation that sets you up for success with: 

  • With real-time data for behavioural targeting. 
  • Predictive capabilities based on real-world data.
  • Agile infrastructure to accommodate technology shifts.
  • For easier integrations with platforms across your business.
  • Supporting growth of your business when you need it.

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Solving the Challenges Faced by the Media and Entertainment Industry

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Invenio Content Financials

Gain end-to-end visibility across the production lifecycle with tighter budget, spending, and cash flow control.

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Invenio P2P for Media

Reduce purchasing costs by up to 50% and manage rapid payment processing with a flexible, highly configurable workflow.

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Financial Solutions

Create structured profitability reports, and manage revenue recognition and rights management finances, like by-title accounting with ease.

 

 

Clients we work with:

Globe and mail
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Star
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informa
The times group

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"Invenio is a proven specialist in the media industry and they demonstrated this with multiple workshops and client site visits."
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Orlando Lyomu
Finance Director, The Standard Group

Other SAP Media & Entertainment Solutions

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Subscription & Distribution

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Media and entertainment companies are increasingly turning to their IT departments to provide improved business operations, greater efficiencies, and better reporting capabilities to meet business objectives. Contact us today, to discuss how we can help you.

Media and Entertainment