Hello - this site has been very helpful in the past when figuring out my career so wanted to help where I can.
I came from a target school and spent 2 years as pre-MBA analyst at MBB doing generalist work. Was able to transition to strategy at a major media company about a year ago.
Happy to answer any questions about type of work, recruiting process, comp, etc.
Timeline is generally as positions are needed. Depending on the group there may be a position coming up every few months or only every couple of years. In the group I joined, we only have added one other position and that was for a post-MBA level hire. It ends up being more dependent on true company need vs. "classes" like for IB/Consulting/PE. The actual timeline of the interview process can vary. For the company I ended up at, it was about a month and half of having a call or two a week with the team. I ended up starting about 4 weeks after. For others, it is a phone screen, first round and super day followed by a call with the head of the group.
The actual interviews are much more behavioral focused but there were case and industry components on it. Be ready to talk about enough experiences, but very similar to what you get in other interviews. I think the industry side is probably the most important since it can show a) why you actually want to work here and if you have put in the time to understanding it and b) how do you think through the problems they are facing today and what relevant industry events can you point to that support your opinion. Examples like this could be "What legacy companies are situated best for streaming?" or "What type of TV content has been most successful recently?"
The cases are usually pretty basic and are more to see how you think about a problem. Unlike consulting, you are not really getting to an answer, you are more talking about the analysis you would do and what type of data you would look for. Examples like this could be "Should our company participate in PVOD film releases?" or "How would you decide between a greenlighting a daytime talk show vs. a gameshow for the same time slot?" In one instance I had take home case, but that was more of a check to see if I could do some basic financial analysis more than being judged on the quality it seemed.
Geography is pretty limited to LA (95% of film, maybe 50% of TV), NYC (5% of film, most of the other TV) and a little bit in SF (some streaming for like YouTube and others, but most of that is in LA or NYC anyway). As long as you are willing to relocate (as I did) it isn't much of a hindrance in recruiting. During the interview process it was mostly on phone with a video or two. I actually didn't have to fly out to the locations at all except for one company's superday.