Matthew Klawitter
Financial & Legal Consultant at Resources Global Professionals- Claim this Profile
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Bio
Experience
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Resources Global Professionals
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United States
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Business Consulting and Services
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100 - 200 Employee
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Financial & Legal Consultant
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Jul 2021 - Present
Sony Funimation / Crunchyroll – Deal Management & Finance • Provided database management support, contract review, overall deal assessment, and entry of Crunchyroll contractual documents. • Managed rights Direct-to-Consumer AVOD and SVOD media rights, MG, and recoupable costs, territories, dubs, and subtitles. • Maintained monthly bandwidth and advertising for Legacy Crunchyroll with the accounting division in forecasting systems on AVOD and SVOD. • Developed process improvements on the Crunchyroll and Funimation merger with pass-through revenues and royalty reporting with systems mapping into Anaplan, Rightsline, and NetSuite. Created consolidation and QoQ reports for quarterly efficiencies and variance review in Funimation. • Supervised streaming partnership revenue share reporting on Samsung TV, LG Electronics, VIZIO, and Nintendo Switch. • Worked on Sox design and flowcharts and narratives with processes and various systems to be in compliance with Sony. Sony Pictures Entertainment, Inc - Domestic Television Productions, Financial Planning & Analysis • Maintained TV product ultimates primarily for Non-Scripted titles and Gemstone scripted titles while interacting with business affairs, production accountants, and executives for information flow. • Reviewed and monitored capital budgets on TV products, from pattern to EFC budgets, including network breakage. • Created ultimate models with partner, co-production and talent participations, capitalized overhead, and residuals estimates. • Prepared quarterly forecast, variance analysis, and cost driver review for TV Production operations. • Worked in Essbase for ultimates, P&L, amortization, cash forecast with excel, and financial modeling. Show less
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pocket.watch
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United States
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Entertainment
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1 - 100 Employee
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Strategic Finance, Royalty Consultant
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Mar 2021 - May 2021
(Engagement through CFO's Domain) • Prepared OTT participation statements based on the creators’ content, (ie YouTube, Roku, and Amazon). • Reported mishmash participation statements of content produced by Pocket Watch, factoring recoupable costs. • Updated creator accruals for month-end and reconciled deferred revenue, COGS, and payable accounts. • Reviewed licensee statements for licensing & merchandising, L&M, royalty reporting. Focused review based on contracts to check royalty rates, advances, minimum guarantees, and escalations from net sales benchmarks. • Worked in NetSuite and focused on process improvement with excel, financial modeling. Show less
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Self-employed
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Greater Los Angeles Area
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Strategic Finance, Consultant
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Mar 2020 - Mar 2021
Utilizing financial analysis skills to develop strategic recommendations on business models: - Bright Design: (www.brightdesign.com) Consulted with the owner on several clients to build financial models on direct-to-consumer, ("DTC") feasibility for consumer packed goods, (“CPG”) versus the trade-off in selling on Amazon. Estimated investment NPV and ROI. - Rogue Wave Entertainment, LLC: (www.roguewaveent.com) Performed analytics to create independent film TV greenlight models on financial projections. Provided estimate of cash flow and waterfall with the investment ROI and IRR. - Steve McQueen, Lemans: Represented licensors on licensing film footage worldwide and managed post-editing deliverables. Licensed footage by seconds to the producer for SkyTV. Show less
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Big Dreams Entertainment
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United States
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Entertainment Providers
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1 - 100 Employee
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Vice President, Production Finance
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Nov 2019 - Jan 2020
Established order in production finance for sustainability with cost reductions and process improvements: • Established role as a business partner to the producer and the co-production team, Swirl Films in Georgia. • Implemented cost-saving review process of Estimated Final Costs, EFC, for development, set production, and post-production costs. Set accountability on overages, and targeted cost reduction goals of $500,000 per film, TV movie of the week. • Managed film incentives process on qualified spend for tax credits and was a liaison to legal on production deal flow. • Oversaw production funding, conducted burn rate analysis on spend, and managed collections with network financing. • Set weekly cost budget meetings on 3 films totaling $10 million. Created ultimates, greenlight models, and cash flow projections. • Developed financial focus on the greenlighting process for proposals and budgeting for the cable network, Lifetime. • Audited past financials of Big Dreams and presented findings and recommendations to minimize future findings. Show less
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20th Century Studios
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United States
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Media Production
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700 & Above Employee
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Executive Director Of Operations
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Aug 2018 - Aug 2019
Domestic Theatrical Operations:Served as a team leader of finance and operations in the sales office for Fox and Searchlight U.S. theatrical film releases. Delivered results in optimizing revenue, financial reporting, compliance, and efficiencies that created substantial savings to the bottom line. • Performed sales terms analysis to showcase revenue impact on feature films.• Reduced billing process and implemented standard operating procedures and IT system enhancements. Collaborated among sales, AR collections to reduce DSO.• Implemented ComScore’s SWIFT electronic box office and trained staff in 3 offices to significantly reduce manual entry.• Tested Revenue & Order for SOX 404 audit each year. Implemented and communicated policy updates across the division to consistently remain compliant each year. • Researched key trends for exhibition subscriptions and presented impact across the industry with team.• Created an M&A strategy proposal with a valuation of a major digital streaming platform, offering a direct-to-consumer and SVOD business model for Fox’s #nextbigidea competition. Show less
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Director of Operations
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Jul 2011 - Aug 2018
Domestic Theatrical Distribution:See Executive Director of Operations on experience.
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Associate Director of Finance
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Mar 2005 - Jul 2011
Domestic Theatrical Distribution:Transitioned to management with ownership of ultimates, forecast, SOX audit, accounting, and film budgets.• Added more visibility on the film budgeting process and the ultimate reporting process for distribution, marketing, and in-theater costs.• Financial reporting on monthly flash, quarterly forecasting, and an annual budget of Cash Flow, Ultimates and Profit & Loss for FP&A.• Interacted with worldwide IMAX finance teams on royalty reporting and conducted deal analysis.• Reconciled bank statements, liability accounts, and reported operational revenue, cost, accruals, and overhead for monthly and quarterly deadlines. Show less
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Finance Supervisor
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May 2002 - Mar 2005
Music Finance:• Reported monthly flash on the soundtrack and publishing revenue streams of $20 million from over 30 film and television divisions.• Managed audit royalty relationships with Apple iTunes and major record labels such as Sony/BMG, WB, EMI, and UMG.• Prepared third party participation statements for soundtrack revenues.
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Education
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University of Southern California - Marshall School of Business
Master of Business Administration - MBA -
Claremont McKenna College
Bachelor’s Degree, Economics - Government -
UCLA Extension
Entertainment Studies