Corra Group has recognized that many media and entertainment companies engage in partnerships and co-ventures with domestic and international entities that offer little corporate background information. To enhance corporate transparency, Corra Group is offering business credit reports and an assortment of entertainment and media background checks that will best help its clients assess the solvency and validity of these companies with which they do business.
“There is a growing concern with the lack of transparency among the myriad businesses that offer goods and services to the more established media and entertainment companies,” said Corra Group Co-founder, Gordon Basichis. “It is no secret that media and entertainment is an international industry and that often when you engage in business with certain startups you may have little or no idea with whom you are actually dealing.
Basichis pointed out the number fly-by-night startups, front or shell corporations, laundry operations, and any number of ambitious enterprises that want to get into show business. He noted one of the best ways to get started is to engage with an established media or entertainment entity that can provide easy credibility.
“People sometimes see a new business opportunity and rush into it without taking a clear look. Once committed, they will discover that the company is not what it appeared to be. It could be a sham with poor or illegitimate funding and without the resources had been promised. All of the sudden, you find yourself chasing them, hoping to get your money or your proprietary data. By then, more often than not, it’s too late.
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