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Hitmaking, Taylor Swift, and FP&A

Hitmaking, Taylor Swift, and FP&A

FromFP&A Today


Hitmaking, Taylor Swift, and FP&A

FromFP&A Today

ratings:
Length:
48 minutes
Released:
Apr 30, 2024
Format:
Podcast episode

Description

What’s the connection between FP&A and Taylor Swift? To answer we are joined by Michael Scotland, Vice President of FP&A at AEG Presents.
AEG Presents is one of the largest live music companies in the world, and most famously the concert promoter behind the $1 billion dollar revenue Eras Tour by Taylor Swift: the highest grossing tour of all time.

For good measure, Stotland’s FP&A team also supports the tours of Paul McCartney, Katy Perry Elton John, and the Rolling Stones, and 25 music festivals, including the iconic Coachella Valley Music and Arts Festival, along with Stagecoach, the New Orleans Jazz Fest, hangout Fest, electric Forest, and Firefly.
In this blockbuster episode, we want to teach you how FP&A feels (apologies to Swifties):

Michael Stotland VP of FP&A at AEG reveals in conversation with host Glenn Hopper:
How growing up in Los Angeles the entertainment industry the entertainment industry was a natural choice, and starting my career at MGM
Spreading my wings at 20th Century Fox 
Building up the FP&A function at MarVista (a TV and movie production company showcasing nearly 2,500 hours of content) and the story behind a facing a “fantastic year” during COVID FP&A leadership at AEG  helping live entertainment “ return from the abyss” 
“Seeing the financials bounce” back as pent up demand was realized 
Pulling external data into daily FP&A work 
Heatmaps on beer costs and price of living as part of FP&A planning 
Managing 3 areas of FP&A at AEG:  General, systems and business strategy units
The FP&A dimension of Taylor Swift Eras Tour 
Using local macroeconomics to impact business decision-making – from the UK to Singapore and the US
How Television revenues and licensing of big movies saves movie studios 
FP&A swiftness when Kanye West bowed out at the last minute at Coachella 
Using AI to look at past events and ticket sales and performance on a contribution margin basis 
Looking to optimize how we do FP&A and ambitions to become CFO
Links between FP&A and my triathlon career 

Connect with Michael Stotland Vice President, Financial Planning & Analysis at AEG Presents: https://www.linkedin.com/in/mikestotland/
Further Reading:

Rolling Stone: Taylor Swift’s Eras Tour Is the Highest-Grossing of All Time and First-Ever to Hit $1 Billion
Investopedia: Swiftonomics: The Economic Influence of Taylor Swift
Datarails Blog: How FP&A makes Huge Hollywood Hits
Released:
Apr 30, 2024
Format:
Podcast episode

Titles in the series (100)

FP&A Today is the podcast for Financial Planning and Analysis. The weekly show dives into the challenges and opportunities within the world of FP&A, interviewing FP&A leaders, CFOs and other finance pros in order to give you the freshest insights and takeaways. Each week our top guests provide actionable advice about financial planning and analysis – from career goals to navigating challenges, and powerful Excel tips. Our weekly show provides unrivalled insights for navigating FP&A. FP&A Today is brought to you by Datarails. Datarails is the AI-powered Financial Planning and Analysis platform for Excel users.