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Raising 5.4M, Reading Rainbow wants a full-time FCPX editor for 25K/year
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I was commenting in another forum regarding this that it would be interesting to see how the $5.4M is being spent and what it the lifespan of he business plan 1, 2, 3 years?
Michael
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In all politeness, of course. I mean, I know the show is great and noble and all, and that they can’t afford too much, but an experienced editor who can also post supervise needs more than that. As stated, that’s like food service wages, not highly skilled worker wages.
But I do know that post budgets are some of the biggest part of the expenses on some shows.
Shane
Little Frog Post
Read my blog, Little Frog in High Def -
That 5.4 million is taxed as income, so I would say their burn rate right now is about 10 months. They’ll need to turn a profit quickly and I don’t see them generating sellable content for another 3 months at least. Perhaps they have rights to their old stuff but I know very little about RRKIDZ.
John Davidson | President / Creative Director | Magic Feather Inc.
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The job description did mention maintenance of the library which included the original series, so there may be some rights sharing, revenue share there as well.
Michael
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[Shane Ross] “In all politeness, of course.”
I think at that kind of a wage, politeness may be politely kicked to the curb.
Also – LOVE the JJ video snippet! Perfect!
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[John Davidson] “Don’t forget to save up for that 50% freelancer tax rate.”
Apologies in advance, but this is a pet peeve of mine. Freelancer is not synonymous with independent contractor. A freelancer can be a (temp) employee or an independent contractor, and I’d better dollars to donuts that if a freelance editor is hopping from one gig to the next they are doing so as an employee (assuming they haven’t incorporated) and not as an IC in the eyes of the IRS .
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It’s funny because I did just that once. I interviewed for an editing job on a major cable network, and when I asked the rate, they quoted me something just under an assistant’s wage. I laughed out loud…and then had to apologize for doing so. “Sorry, didn’t think you were serious. Well, good luck then.” And left.
Shane
Little Frog Post
Read my blog, Little Frog in High Def -
Taxes are a pet peeve of mine too. 🙂
Something tells me that porn company isn’t terribly concerned about withholding taxes for their freelancers.
John Davidson | President / Creative Director | Magic Feather Inc.
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[John Davidson] “Taxes are a pet peeve of mine too. 🙂
“lol, touché!
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I am serious and don’t call me Shirley. 😉
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