Entertainment & Music - Prager Metis

Global opportunities can create global income, but they also introduce hidden risks.

For professional athletes earning across borders, foreign withholding taxes, currency fluctuations, and timing mismatches can quietly erode value before funds are even received.

Partner Mark Carter outlines how misalignment across tax planning, currency management, and financial reporting can quietly reduce net earnings, whether through double taxation, inaccurate currency conversion, or missed opportunities to structure earnings more effectively.

Bottom line: Compliance isn’t enough. Managing cross-border earnings requires upfront coordination before contracts are signed.

Read the full article to see how tax and currency planning can help maximize earnings. pragermetis.co/4f5tauD

Prager Metis is proud to sponsor the Hub in Brighton, taking place 14–15 May alongside The Great Escape (The Festival for New Music).⁠
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H.O.M.E is designed for the music business community, bringing together artists, managers, brands, and decision-makers for focused conversations and meaningful networking. Its open-access format (no pass required) creates a more inclusive environment and stronger opportunities to connect.⁠
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If you will be in Brighton, schedule a meeting with our team to connect on-site: pragermetis.co/4enCJoD

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We're excited to hear Tom Smith, Prager Metis Partner & Entertainment Industry Leader, speak at the Trusted Advisor NYC Summit on May 7th.

He is a featured speaker on the panel: “From Deals to Wealth: Managing the Artist Business.” A hit record may launch a career—but building lasting wealth takes strategy. This panel will explore how artists navigate ownership, global deals, touring structures, and tax considerations to turn creative success into long-term value.

Prager Metis is proud to partner with Trusted Advisor for the one-day summit, which brings together leading voices from the sports and entertainment industries for a day of insights and meaningful connections.

We can't wait to see everyone at the event!
See event details here: bit.ly/4sOX4qr

The most valuable industry conversations often happen before the panels begin.

The Trusted Advisor April London Music Summit kicked off with an intimate brunch that gave everyone a chance to connect and share ideas among legal, advisory, and music industry professionals, setting the tone for a day of collaboration and shared perspective.

Four strong panels followed: tackling timely issues from royalties to evolving business models and reinforcing how quickly the industry continues to adapt. A valuable day of discussion, insight, and relationship‑building for our PM London Entertainment & Music Team.

Learn more about our team: pragermetis.co/4a33IAE

For many athletes, the biggest tax risk isn’t income; it’s where it’s earned.

Playing professionally across states or countries can trigger tax filings, withholding, and compliance obligations long before the season ends. Without proactive planning, athletes may face higher withholding, cash‑flow strain, or double taxation.

This article outlines the key tax issues athletes should be aware of, including how residency impacts global income, how withholding works in the US and UK, and why early planning can help maximize earnings.

Where athletes most often get caught off guard:

· When does competing in another state or country create a tax filing requirement?

· How is endorsement income sourced across jurisdictions?

· Can withholding agreements or tax treaties reduce what’s taken upfront?

Read the latest insights from Arvinder Matharu, Partner & UK Global Services Co‑Leader, and Hillary Green, Senior Manager, U.S. International Tax Department at Prager Metis, about domestic and international tax obligations for athletes. pragermetis.co/4cbRgC4

Releasing a new album?

How will you protect the rights of your work?

Our royalty team has extensive experience with a range of clients and advises on copyright, trademarks, brands, patents, and franchise services.

Contact our team to learn more about our services: pragermetis.co/3YoXPc4

- Joseph Rust, CPA, CFP, from Prager Metis spoke at the Trusted Advisor LA Summit on January 22nd on the panel: The New Money Stack: Data Analytics, and Smarter Financial Decisions, where panelists discussed how emerging data platforms, modern royalty-based funding, and evolving advisory practices are reshaping financial decision-making for artists.

The conversation highlighted visibility into revenue streams, flexible capital options that preserve ownership, and the growing importance of strategic guidance in payments, asset planning, and long-term financial structures.

Thank you to all the panel experts for all your valuable insights.

We can’t wait to see everyone at the next summit!

Learn more about Joe Rust: pragermetis.co/4t58A24

We're excited to hear Joseph Rust, Chief Strategic Innovation Officer, speak at the Trusted Advisor LA Summit on January 22nd.

He is a feautred speaker on the panel: The New Money Stack: Data Analytics, Advances, and Smarter Financial Decisions: how artists and their teams manage money end-to-end: data platforms that clarify relationships and revenue flows across the industry, modern funding models that advance against royalty streams without giving up ownership, and advisors who sit closest to the financial and investment realities of an artist’s career.

Prager Metis is proud to partner with Trusted Advisor for the one-day summit, which brings together leading voices from the sports and entertainment industries for a day of insights and meaningful connections.

We can't wait to see everyone at the event!

See event details here: https://bit.ly/4pGiRyU

Award season is here, and our team is proud to stand alongside the artists, creators, and innovators who shape the entertainment and music industries.

For over a century, our experts have partnered with talent, production companies, and music professionals, to name a few, to help them navigate the business side of creativity.

Our clients focus on their craft, and our experts handle the rest: business management, tour accounting, royalty services, and tax planning.

Learn more about our team and how we support the entertainment industry behind the scenes: pragermetis.co/44QX11H

Congratulations to our team for being named honorees of Billboard's 2025 Top Business Managers list:

Joseph Callaghan
Mark Carter
Joseph Rust
Thomas Smith
Scott Dunnachie

Thank you for your constant dedication, and thank you to our entire team for continuing the tradition of unparalleled, people-first service!

Cheers to all the honorees! See the list of honorees here: pragermetis.co/4paUUQy

What’s the real value of a legacy?

For artists and athletes, it’s not just about fame; it’s about protecting the creative and financial assets that define their careers. From music catalogs and NIL rights to royalty streams and estate planning, understanding how to value these assets is essential.

In our latest article, PM Partners Olga Averin, CPA, and Joseph Rust, CPA, CFP, break down how valuations work, why it matters during life and after death, and what trusted advisors need to know to protect their clients’ intellectual property and future earnings.

Read about real-world examples, as our experts explain how defensible valuations can prevent legal disputes, optimize tax outcomes, and secure long-term control over your personal brand. 🔗 in bio