Research On Financial Risk Management Of H Film And Television Company

In recent years,with the improvement of the cultural demands of the public and the rapid development of new media on the Internet,the film and television industry has welcomed opportunities for rapid development on the one hand,and it is also faced with more and more challenges and impacts on the other,more and more movie and TV companies are beginning to use their own advantages to diversify,which to a certain extent,increased the operational risks and financial risks of the film and television companies.In addition,with the national regulatory policies' intensive introduction,the development of the film and television industry had suffered a certain impact.To find out the survival and development of enterprises in the fierce market competition,the film and television companies should fully understand their own financial risks,establish the financial risk management system,deal with existing risks and prevent unknown risks.This paper,based on the case of H film and TV company,firstly analyzes the characteristics of the financial risks in the industry,then analyzes the main financial risks currently existing in H film and TV company,introduces the current status of financial risk management and analyzes the existing problems of the H film and TV Company.Lastly,this paper made the corresponding recommendations.This paper argues that H Film and Television Company currently lacks emphasis on financial risk management,mainly due to the following problems.At the corporate level,the Company's financial risk management system is not perfect,and the identification and assessment of financial risks are unscientific.At the business level,the Company's expansion strategy lacks of prudence,film and television production strategy lags behind,and the company lacks of attention to the risks of mergers and acquisitions.Therefore,the Company should establish and improve the financial risk management system and mechanism,improve the scientific identification and assessment of financial risks,carefully formulate an expansion strategy,and formulate targeted control measures for specific financial risks.