Kelly Coffey Opening Remarks | Variety Business Managers Breakfast - video Dailymotion

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00:00On behalf of Citi National Bank, we're honored to return

00:03as the presenting sponsor of this important gathering

00:06where we come together

00:07to celebrate the extraordinary contributions

00:09of the business managers and to look ahead to the future

00:12of the entertainment industry.

00:14So first, a heartfelt thank you to our partners at Variety.

00:18You're a fantastic partner to us in all the great events

00:21that you just saw and you've long been a vital voice

00:25in entertainment, shining a spotlight on the people,

00:28trends, and stories that shape this dynamic industry.

00:32So we're special grateful to Michelle Sabrina-Stearns,

00:35who's here today, Chief Executive Officer

00:37and Variety Group Publisher.

00:38Steven Gatos, the Executive Vice President of Content.

00:42Cynthia Littleton, who you'll see in a little bit,

00:44co-editor of Cheese.

00:45And of course, Daya Lawrence,

00:46Chief Operating and Marketing Officer.

00:48Really for your leadership and commitment

00:50to celebrating the people who work tirelessly

00:53behind the scenes, which we see every single day.

00:56We appreciate the partnership and dedication

00:58to making this event possible.

01:00So today, we have the privilege

01:02of recognizing Matt Lichtenberg,

01:04this year's Business Manager Elite Honoree.

01:08Matt needs no introduction.

01:09He represents a remarkable roster of actors, comedians,

01:13writers, and other creatives.

01:15And he's known for his unwavering commitment

01:18to success, to their success and well-being.

01:21By receiving this award, Matt joins an illustrious list

01:24of past honorees, including one of his level four partners,

01:27John Rigney, each recognized for their dedication

01:31and impact within the industry.

01:33The Business Manager Elite Award

01:35is a prestigious acknowledgement

01:37and a testament to the vital role of entertainment,

01:40of the role that business managers play behind the scenes.

01:44But as we celebrate today,

01:45I just thought it was worth reflecting

01:47on the profound impact that the entertainment industry has,

01:50both on our economy and on our culture worldwide.

01:54So the global entertainment and media sector continues to grow

01:57and it contributes a staggering $2.8 trillion annually.

02:02This includes film, television, theater, and digital media,

02:05each shaping narratives and cultural values.

02:08The music industry alone now generates $28.6,

02:12almost $30 billion in revenue globally,

02:14demonstrating resilience and adaptability,

02:17which we all need to think about today as things change,

02:19fueled by the streaming and supported by a growing base

02:22of physical media fans.

02:25In the US, music contributes over $200 billion to GDP,

02:29$200 billion, and supports over 2.5 million jobs.

02:34And that's streaming, recording, live, travel,

02:37retail, marketing, all in there.

02:39But beyond the numbers,

02:41entertainment fosters global connections

02:43and understanding that transcends borders

02:45and brings people together

02:47through universal stories and sounds,

02:49which we all need today.

02:51Business managers have challenging and diverse roles,

02:54and we see it up close at Citi National.

02:57Whether they're managing investments, negotiating deals,

03:00overseeing real estate, planning for the future,

03:03they balance countless priorities every single day.

03:06And through it all, their clients know

03:08that they have someone they can fully trust.

03:11At Citi National Bank, we're proud to be a trusted partner

03:15to business managers and their clients.

03:18Over the past 70 years,

03:19Citi National has become known as the bank to the stars.

03:22But more than that,

03:23it's the bank trusted by the trusted advisors.

03:27As part of RBC, one of the strongest banks in the world,

03:31we are deeply committed

03:32to supporting the entertainment industry

03:34and all of you who help it keep moving forward.

03:37The past few years have been a time

03:40of pretty significant transformation

03:41with business managers guiding their clients

03:44through events no one could have foreseen.

03:46From a global pandemic to a historic strike,

03:49seismic shifts in the content creation and distribution,

03:52not to mention two wars and massive interest rate moves,

03:56business managers have not only helped their clients

03:58weather these changes, but thrive in spite of them.

04:02We're also excited today as we look forward

04:04to the future of our industry.

04:06It's an honor to welcome John Longraff

04:08as the keynote speaker.

04:09Celebrating his 20th year with FX,

04:11John has overseen some of the most award-winning,

04:14culturally significant programming of our time,

04:16and his insights will no doubt be enlightening.

04:20So we honor Matt today and all of the business managers

04:23who play such a vital role.

04:25We at City National want to express our deepest gratitude

04:28to each and every one of you.

04:29Congratulations again to Matt for this well-deserved honor,

04:32and thank you to all of you for being here today.

Kelly Coffey Opening Remarks | Variety Business Managers Breakfast

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