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Re: Top 10 Dying industries...

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Andrew Rendell
Re: Top 10 Dying industries...
on Apr 6, 2011 at 1:00:45 pm

In London (UK) a lot of facilities companies closed down around 2008-9, but I wouldn't say that there's a decline in the industry. My opinion was, for several years, that a lot of facilities were playing the "cut price" game, investing lots of cash in kit but not much in staff (either salaries or training) and relying on the fact that people had to come to a facility if they wanted to do professional level editing. Those guys were running in the region of 3% to 5% profit so when the technological and economic environment changed they couldn't cope. The places which continually invested in kit and their staff, putting their abilities and expertise at the forefront of the business didn't run into the same problems and several have expanded in the last couple of years (not to mention the opportunities for freelancers going into places that own their own Avids and FCPs but need to bring in skilled and experienced editors).


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