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  • 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.

  • I was going to respond with something similar Mark but didn’t. 30k with those benefits actually costs them about 50k after taxes since it’s a full time job. 5.4 million seems like they should be on easy street but with 30+ employees in Burbank it’s anything but. I estimate they’re burning through about 250 to 300k (if not more) in expenses per month once you factor taxes, legal, insurance, rents, etc. That’s not even factoring in infrastructure costs for building it up from pretty much scratch. I wonder how much of that 5.4 million they actually get to use and how much goes to taxes.

    No it’s not a great job if you’re a freelancer who just edited a series for broadcast television with 20 years of experience. If you’re 23 and have a few roommates, you could do worse. By my estimation it pays about 30k more than most craigslist jobs.

    Creating full time jobs is not easy (especially in California!). While some of their expectations are unreasonable, there are absolutely worse jobs out there. If money really is that important to you though, you could always go for this job. https://losangeles.craigslist.org/lac/tfr/5010154835.html Don’t forget to save up for that 50% freelancer tax rate.

    Looks like they didn’t want to be mocked. The original craigslist ad has been removed.

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    May 4, 2015 at 10:33 pm in reply to: Upgrade Mid 2010 Mac Pro to Yosemite?

    Tough answer is that while I can say that I have mac pros older than that running Yosemite fine, if some of your older software has problems we can’t really help you. FCP7 works, but I rarely use that now. I have no idea about Avid or the version of Toast you’re using.

    If you’re really worried about it, clone your system drive before upgrading.

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 29, 2015 at 12:19 am in reply to: The beginning of the END.

    [Noah Kadner] “Pretty sure it’s all emoji… the shame.”

    There’s other emoji besides poop?

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 27, 2015 at 1:41 pm in reply to: ProApps Formats Update

    We covered this on one of the Facebook forums last week. Just delete the Mxfimport file from the thread above, run the install again, and the you should be good. No need to copy anything back.

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 26, 2015 at 5:44 pm in reply to: The FCP X “tell”

    [Bill Davis] “Well, not having your livelyhood bolted to monthly payments IS kinda something that would cause me to switch if Photos grows even a vaguely decent subset of what LR offers me today.”

    Actually Bill, as probably the only person on this thread that completely moved over to the Photos app from Aperture – the heart of it is the iCloud Photo Library which I am paying about $10/month for for 500 gigs (it may be $15, I forget). I love having all my RAW sources – plus videos – in the cloud and synced across all my macs when needed. Making quick edits on the phone and then they trickle across to the mac in 2 seconds – that part is pretty great. Knowing my personal photo library isn’t tethered to the whims of a crashed drive is also great.

    Not having skin smoothing, dodge, and the ‘stamp selected images’ in the Photos app sucks though. I’m very much looking forward to some Photos app updates.

    Point is, everybody is going to get paid a monthly fee one way or another. Doh!

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 23, 2015 at 7:11 pm in reply to: Randy Ubillos Retiring?

    Imagine what his 20 years of stock options are worth now. It’s a wonder he’s stayed around as long as he has.

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 13, 2015 at 5:50 pm in reply to: 10.2 Released!!

    By making it an effect, you run less risk of accidentally overlapping with other plugins like color finale. I’m glad of this actually.

    One thing that’s interesting is Apple’s color effect limits at 110 and -7, where color finale hard limits at 0 and 100 (which I prefer).

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 9, 2015 at 10:01 pm in reply to: Update to FCPX

    No worries! I’m happy with the update you gave us this week!

    John Davidson | President / Creative Director | Magic Feather Inc.

  • John Davidson

    April 9, 2015 at 9:04 pm in reply to: Update to FCPX

    I saw that, but he’s linking to the same article from FCPWorks that the previous forum thread linked to, so I’m not totally sure that one is coming.

    John Davidson | President / Creative Director | Magic Feather Inc.

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