Content Production Monitoring and Cost Tracking

OTT company

Objectives

To examine the costs incurred by a production service companies (PSC) to identify deviations from agreed-upon budgets and provide assurance on cost optimization

Approach

  • Understand agreed-upon budget between OTT player and the Production Houses 

  • Conduct discussions and meeting with the finance and commercial teams of the OTT players to understand KPIs for the specific project 

  • Examine the commercials for all key cost elements and identify any savings or excesses

  • Participate in the cost review process for set construction, location hiring, costumes and procurement of properties

  • Provide onsite deployment of the required number of consultants/staff to monitor daily costs incurred for materials and services availed during content production 

  • Provide daily production report to the Finance Team of the OTT player 

  • Report and review cost reports based on records kept by on-set production auditors, accounted invoices and actual payments made by the PSC

Outcome

Provided reliable budgeting guidance to prevent significant cost escalations

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Identified cost-saving opportunities through benchmarking of commercials

Provided near real time production reports that prevented surprises during production 

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Provided inputs to OTT player for making funding decisions to PSC

Provided insightful reports that facilitated effective decision making

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