Mihaylo alumnus Mark Okumori ’09, ’11 (entertainment and tourism, MBA) has a career in motion picture deal analysis and forecasting for William Morris Endeavor (WME) in Beverly Hills. He discusses the dollars and cents of show business and how students can get started in the field.
Nothing defines the Los Angeles region more than motion picture production. Mihaylo College has its share of alumni who have developed lucrative careers in the business end of the film industry. Among them is Mark Okumori ’09, ’11, who shares advice for current students and alumni on how they can make it big in the business of entertainment.
What is a typical day like in your role in motion picture deal analysis? How does it compare to popular perceptions of working in the entertainment industry?
My role at WME involves performing financial deal analysis and forecasts for our clients, which in turn forms the basis upon which their representatives, such as agents and lawyers, negotiate talent deals with various studios. For example, when a studio submits an offer to WME for one of our clients to perform in a motion picture, my job is to evaluate the deal presented, to determine what our client could expect to earn at various film performance levels, and communicate that information to the client’s representatives who uses it as a basis for further negotiations with the studio. I follow this process for each offer and counter-offer from both sides until an agreement is reached between our client and the studio. So primarily, my job is focused on interpreting the legal points of a movie deal and converting these into meaningful numbers that talent representatives can use to negotiate a deal in the formative stages of a film. Continue reading