What's Happening?
Phil Sarna, founder of PS Business Management, is being recognized as Variety's Business Manager of the Year. Sarna's firm, established in 2002, manages financial affairs for high-profile clients in music,
film, TV, fashion, and sports, including Billie Eilish and Duran Duran. Sarna's career began in accounting before transitioning to the music industry, where he has become a key figure in financial management. His firm offers services such as budgeting, bookkeeping, and tax planning. Sarna is also noted for his philanthropic efforts, supporting charities like the T.J. Martell Foundation and MusiCares.
Why It's Important?
Sarna's recognition highlights the critical role of business managers in the entertainment industry, ensuring financial stability for artists and celebrities. His philanthropic work underscores the importance of social responsibility among industry leaders. The expansion of his firm across the U.S. reflects the growing demand for specialized financial services in entertainment, impacting how artists manage their careers and finances. Sarna's approach combines professional expertise with personal care, setting a standard for business management in the industry.
What's Next?
Sarna's firm continues to expand, with offices in New York, Los Angeles, Nashville, and New Orleans, driven by the personal needs of its employees. This growth suggests a trend towards more personalized and flexible business management services in the entertainment sector. As Sarna receives the award, his influence in the industry is likely to grow, potentially attracting more high-profile clients and expanding his philanthropic initiatives.
Beyond the Headlines
Sarna's career trajectory from traditional accounting to entertainment business management illustrates the evolving nature of financial services in creative industries. His success story may inspire other professionals to explore non-traditional career paths, blending personal interests with professional expertise. The emphasis on philanthropy highlights a cultural shift towards greater social responsibility among business leaders.
