Who We Are
What the CIM Agency Pty Ltd will aim to provide is a single agency arrangement to manage the equity investments on behalf of the Producers, Funding Bodies, Distributors and associated Organisations that have an equity investment in content production based on the PIA’s and LIA’s arrangements along with management and review of distribution reporting on behalf of Investors. CIM Agency understands the aspects of equity management with over 13 years in industry project management working on both national and international business and financial content projects regarding distribution and compliancy, setting up management practices and processes, we understand what are the requirements that will deliver systems that provide clarity along with communication strategies so as to ensure results that are long term solutions.
What We Do
At present the management of equity is problematic. There needs to be a consolidation on the handling of equity management for content being sold worldwide for both royalty based and commission based rights. This consolidation should also include a documented authorisation process for cost recoupment claims by Producers such as marketing along with Actors and Writers Management.
Issues such as Invoicing and collection of reports and receipts are solid examples, as in most cases the largest investors are not even entitled to request sales reporting information from oversea distributors, this has to be requested via Producers who in-turn request or already may have received the information. Invoicing then occurs by the DASA appointee who will raise invoices and collect on behalf of the investors. However due to Producer arrangements regarding residuals and other marketing costs there then is further delay in disbursements.
Producers in many instances are already working on the next venture, and unless they have administrative set-up the general consensus is they are too busy to monitor and manage the compliance of distributors and invoicing. Sometimes there is an investor that holds all the World rights yet they are not responsible for managing the DASA or they have limited rights with another distributor rest of world. Again this leads to confusion in compliance and responsibility.
Our Clients
The present set up and business process for Equity Management is time consuming, confusing, lacks transparency and compliancy. CIM Agency aims to improve this by becoming the Agency that all parties may contact regarding the Sales activity, Forecasted revenue, Performance, Disbursements and other aspects of content equity management. At present Co-funding partners all agree this area of management needs action and improvement, working with you and our partners we can find solutions to this, and add benefit to the existing business process.