Currency conundrums

TV producers constantly have their eye on the bottom line, always looking for ways to cut costs in order to save - and eventually make - money. However, for many people in the industry there is one area they hardly ever tread and rarely challenge - that of foreign exchange. Currency fluctuations can be a deal-breaker in this world. Frequently, a production will be meticulously costed, tendered-for, negotiated and executed, only for anticipated profits to be subsequently wiped out by fluctuations in currency markets.

June 1, 2006

TV producers constantly have their eye on the bottom line, always looking for ways to cut costs in order to save - and eventually make - money. However, for many people in the industry there is one area they hardly ever tread and rarely challenge - that of foreign exchange. Currency fluctuations can be a deal-breaker in this world. Frequently, a production will be meticulously costed, tendered-for, negotiated and executed, only for anticipated profits to be subsequently wiped out by fluctuations in currency markets.