Challenges and opportunities for creative industries

Specialist accounting firm Darkwave discusses the outlook for creative industries and where accountants can play a guiding role. Darkwave director Meredith Fannin highlights some of the challenges facing those working across entertainment, music, performance, TV and film over the next 12 months, including the rising cost of living and advancements in AI. As a firm specialising in the creative industries, Ms Fannin outlines some of the ways accountants can provide value to these types of clients through financial planning, cash flow management and detailed budgeting. She also chats about the recovery of the creative industries from the difficult COVID-19 period and what the next financial year is likely to bring for different parts of the industry.