News Formal

KPMG BrandVoice: What Media Companies Need To Prioritize Now: Customers, Cash, Cost And Capital

  • 📰 Forbes
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

What media companies need to prioritize now: Customers, cash, cost and capital Sponsored by KPMG

I introduced three coordinated series of actions that media businesses should undertake in response to COVID-19 challenges: 1. Resilience, 2. Recovery, and 3. New Reality.

Today, I will discuss the immediate actions media companies should take to preserve cash, maintain a strong connection to their customers, and position themselves for business continuity. These “Four Cs” – Customer, Cash, Cost, and Capital – are a handy way to think about the top priorities in these turbulent times.COVID-19 has a good-news/bad-news impact on the media industry’s customer growth. It has led to a spike in streaming and broadcast TV viewership. For example, Netflix added 15.

Under these conditions, it is essential to evaluate the shifts in customer data. Companies should perform revenue analytics and model churn risk to understand changes in demand patterns and the resulting implications for pricing to be able to react swiftly.

Businesses should assess how their cash and liquidity levels can support them through times of disruption. Further, businesses should identify opportunities to improve working capital positions, using rapid diagnostics and impact assessments for accounts receivable, accounts payable, ability to monetize existing content libraries and archives, etc., and access any funding opportunities the CARES Act provides to quickly optimize cash flow for the business.

Immediate actions that preserve cash, give confidence to customers and employees, and ensure business continuity through cost containment will better position companies for recovery.

 

コメントありがとうございます。コメントは審査後に公開されます。

KPMG Support the financial institutions!

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 394. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

50 Stats Showing Why Companies Need To Prioritize Consumer PrivacyA more connected world brings opportunities for partnerships and increased personalization, but more customer data also highlights the need for increased data security. Covid-19 ruined all business 🤘🍺 My rose is ripe I like the word need they need to well unfortunately that's something that lived should have always been a priority in our country considering we have the right to privacy but the government thinks otherwise and so do big data companies.
ソース: Forbes - 🏆 394. / 53 続きを読む »