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Another One Bites the Dust #2
Well Guys,
Another two NYC Houses are going out.
Check the JosephFinn site if you want more info
Something is definitly happening to the basic economics
of the industry. Awhile ago under the same post heading I
beleive Terence said he would give us an informative rundown
on a Post House in CA that Failed. Did I miss it? -
42 Replies
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The Club in Covent Garden, London is up for sale:
https://www.broadcastnow.co.uk/technology/the-club-for-sale-as-work-stalls/5014831.articleAll the Best
Mads
London, UKHere used to be a big video – now you can watch another one here:
https://www.macmillion.com/showreel.htmMac Million Ltd. – HD Production & Editing
Blog: https://macmillionltd.blogspot.com -
NYC is going to see some natural contraction now that “Law and Order” is done. That show was feeding a LOT of people.
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I just knock on wood everyday that we’re lucky enough to be breaking ground on a new 6,000 sq. ft facility. It’s a tough market, but we’re fortunate in spreading our work around in a lot of different directions.
Walter Biscardi, Jr.
Editor, Colorist, Director, Writer, Consultant, Author, Chef.
HD Post and Production
Biscardi Creative Media“Foul Water, Fiery Serpent” featuring Sigourney Weaver coming soon.
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Gentlemen, let’s face it, the world economy and the U.S economy in particular are in shambles, and there is a great deal of fallout and shakeout that’s already happened, with much more to come.
The largest corporations in the U.S. are firing their lowest tier employees by the thousands and retiring or “job eliminating” their most experienced and most highly paid long-term management teams on the other end of the spectrum as well. What those companies are doing internally, they are also doing externally, so you can and should expect to see companies providing outside support, such as those dedicated to video production and post-production, dropping like flies.
And, anyone who tells you otherwise, or anyone building a new facility, is most likely going to be in for a rude awakening, no matter how many new directions they’re spreading into.
David Roth Weiss
Director/Editor/Colorist
David Weiss Productions, Inc.
Los AngelesPOST-PRODUCTION WITHOUT THE USUAL INSANITY ™
EPK Colorist – UP IN THE AIR – nominated for six academy awards
A forum host of Creative COW’s Apple Final Cut Pro, Business & Marketing, Indie Film & Documentary, and Film History & Appreciations forums.
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When the dinosaurs fell, they opened a niche for tiny, fast and entrepreneurial little mammals, some of which evolved into… us.
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[David Roth Weiss] “What those companies are doing internally, they are also doing externally, so you can and should expect to see companies providing outside support, such as those dedicated to video production and post-production, dropping like flies.
And, anyone who tells you otherwise, or anyone building a new facility, is most likely going to be in for a rude awakening, no matter how many new directions they’re spreading into.”
Thanks for the confidence David! Of course you know zilch about our company, how it operates and what we have on tap through 2014, but that’s ok. We’ll keep plowing through with all the documentaries and television series in the works and make ends meet somehow……
Walter Biscardi, Jr.
Editor, Colorist, Director, Writer, Consultant, Author, Chef.
HD Post and Production
Biscardi Creative Media“Foul Water, Fiery Serpent” featuring Sigourney Weaver coming soon.
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[walter biscardi] “you know zilch about our company, how it operates and what we have on tap through 2014”
Let’s revisit this subject in 2014. That’s a long way off, so your five year plan just might not coincide with reality by that time, but good luck.
David Roth Weiss
Director/Editor/Colorist
David Weiss Productions, Inc.
Los AngelesPOST-PRODUCTION WITHOUT THE USUAL INSANITY ™
EPK Colorist – UP IN THE AIR – nominated for six academy awards
A forum host of Creative COW’s Apple Final Cut Pro, Business & Marketing, Indie Film & Documentary, and Film History & Appreciations forums.
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[David Roth Weiss] “Let’s revisit this subject in 2014. That’s a long way off, so your five year plan just might not coincide with reality by that time, but good luck.”
Reality is you only have one life to live on this earth. Our venture might succeed, it might fail. We’ve done the research, we’ve done the work for the past 9 years to get to this point. If we go bust, we go bust, but we have structured this entire purchase and construction in such a way that it is almost $2,000/month cheaper than if we leased the same amount of space.
We’re going to give this our best shot and if that isn’t good enough, we go bust and I go back to freelance editing or any myriad of other skills I have. But I’ll never have to ask myself, “What if?” It would be much worse for me if we never even made this attempt and just wondered for the rest of our lives what might have been….
Walter Biscardi, Jr.
Editor, Colorist, Director, Writer, Consultant, Author, Chef.
HD Post and Production
Biscardi Creative Media“Foul Water, Fiery Serpent” featuring Sigourney Weaver coming soon.
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[Mark Suszko] “When the dinosaurs fell, they opened a niche for tiny, fast and entrepreneurial little mammals, some of which evolved into… us. “
And then the oil spill in the Gulf of Mexico drowned many of them who weren’t paying attention, even as the more pragmatic among them tried to warn them of the changing tide.
David Roth Weiss
Director/Editor/Colorist
David Weiss Productions, Inc.
Los AngelesPOST-PRODUCTION WITHOUT THE USUAL INSANITY ™
EPK Colorist – UP IN THE AIR – nominated for six academy awards
A forum host of Creative COW’s Apple Final Cut Pro, Business & Marketing, Indie Film & Documentary, and Film History & Appreciations forums.
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Mark,
These two companies in NYC were not Dinosaurs
but pretty much up to date post-houses. No aging
GVG switchers and D2’s But more or less up to date facilities.
Just look at their equipment rosters.Walter,
Good luck with your new build out. It’s nice to see someone
making progress in this tough economy. My only advice would be
that I wouldn’t spend a single penny on a build out UNLESS you
owned the building. One of the biggest reasons for houses
closing here in NYC (mine included) was that they
come to the end of their leases and run up against the landlord.
Landlords aren’t stupid, they see an expensive build out and
know how much it’s gonna cost you too move. They have all the chips
and the tenant either winds up giving a big chunk, if not all
of their profits to them or moves (also expensive) or folds.
I know of one house in NYC that doesn’t care how they do
because they own the five story building they occupy and the
rent of the High End Sushi Bar on the first floor
covers their overhead. Another big house in NYC struggled for years
and then sold their building 3 years after purchasing it and
turned an 11 Million Dollar profit. (more than their previous
25 years of profit) So Hold Off on your move until you can buy
the Building, It will be your retirement account.
Once again Best of LuckNeil Hurwitz
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