The Asylum, best known for its globally acclaimed SHARKNADO franchise, stands as a pinnacle in the realm of motion pictures and television. With a rigorous schedule of releasing 1-2 films per month, The Asylum's cinematic factory continually delivers hits that captivate audiences worldwide.

Client Challenge

Managing an expansive library of titles, contracts from numerous buyers all across the world, and royalties from major platforms like Amazon, Vudu, iTunes, and Microsoft while swiftly coordinating between various departments presented The Asylum with intricate challenges.  

They required:

• A unified system to manage their titles, metadata, and related assets
• An efficient platform for rights management, contract templates, invoices, and more
• A system that could pull and integrate data for their company website
• Insightful reporting to evaluate the performance of their titles on major platforms
  
  

How FilmTrack Delivers on the Client's Needs:

Hub

FilmTrack has become a vital reference for The Asylum, centralizing all their titles, metadata, and contract information for every deal made. It's not just a tool; it's an ecosystem that powers their operations.

Real-Time Reporting

Using FilmTrack, The Asylum harnesses the power of real-time reporting, from Avails to Accounts Receivables, which ensures they remain informed, make strategic decisions, and streamline their financial flow.

Central Seamless Integration

Beyond mere data storage, The Asylum's company website dynamically pulls from FilmTrack, ensuring the information presented is accurate and up-to-date.

Client Support

FilmTrack boasts vast capabilities, but The Asylum's steadfast commitment to the platform stems from its unparalleled customer service and proactive stance on feedback and improvements. 

Results with FilmTrack

For The Asylum, FilmTrack isn't just software; it's a partner in their cinematic journey. Key benefits they've reaped include:

• Transparency: The Asylum can efficiently track royalties, understand title performance, and make data-driven decisions for future ventures.
• Efficiency: Gone are the days of manual reporting and redundant entries. FilmTrack streamlines operations, allowing The Asylum to focus on what they do best - creating cinematic masterpieces.
• Streamlined Communication: The Asylum uses detailed reporting to keep all departments in sync and ensures a harmonized process from production to distribution.
  
  

A Notable Triumph: Line of Credit Reporting

A defining moment showcasing FilmTrack's indispensable value came during The Asylum's pursuit of a borrowing base report. Despite their dedicated controller and accounting team's persistent efforts over the years, the creation of this report remained elusive. However, using the power of FilmTrack, we generated a pivotal collections report. This wasn't just a report; it served as the blueprint for constructing the sought-after borrowing base report, which now forms an integral part of their operations, albeit manually entered. 

Routine Reporting

FilmTrack's robust capabilities empower The Asylum with a suite of regular reports, ensuring they're always ahead of the curve. Routine reporting includes:

• Avails: Daily
• Collections Report: Weekly
• Royalty Reports: Monthly/Quarterly
• Buyer Summary Reports: Monthly, serving as a comprehensive sales report

FilmTrack offers a comprehensive suite of solutions tailored for the unique challenges of the movie industry. The Asylum's relationship with FilmTrack is a testament to the platform's capabilities, empowering them to be more organized, efficient, and responsive to the ever-evolving demands of the cinematic universe.  

IRL Case Studies 

Explore more client examples of FilmTrack's dynamic platform in use. Take a look at the case studies below, or contact us for a demo to see what we can do for you!

Behind the Screen: The Tech Powering Vision Films' Global Reach

Discover how Vision Films harnesses the power of FilmTrack to transform film distribution, offering dynamic, real-time avails to global buyers. 

Flexible Content Management For Today's Needs and Tomorrow's Demands

Learn how a major studio uses FilmTrack to efficiently manage the volume of assets associated with a massive decades-old film library.

A Powerful Rights Management System Built to Handle Today's Complex Contracts

Learn how K2 Studios uses FilmTrack to implement a solution that would grow with their expanding library and manage and better organize their content on a granular level.

FilmTrack is an RBC Company and subsidiary of City National Bank Member FDIC. City National Bank is a subsidiary of Royal Bank of Canada.

This article is for general information and education only. It is provided as a courtesy to the clients and friends of FilmTrack. FilmTrack does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the authors or persons quoted as of the date of the article with no obligation to update or notify of inaccuracy  or change. This article may not be reproduced, distributed or further published by any person without the written consent of FilmTrack. Please cite source when quoting.