Rhythm & Hues- Master Thread:(At Least Four Buyers Reportedly Interested)

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Old 02 February 2013   #16
Originally Posted by Kabab: This might sound rough but if these businesses are operating in a unsustainable manner it's probably better they close down which in return will reduce competition and will allow other/new studio's to charge more realistic fee's for their work..


whats happening within our industry doesnt have anything in common with "operating in an unsustainable manner". Theres something a lot deeper and darker going on. i just read the news on dreamworks and im shocked. this stuff is all about politics, investors, stock prices and good old fashioned greed on all sides. ive never seen so much industry collapse in all my years. its frightening. i only hope some good will come of this.
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Old 02 February 2013   #17
Reposted from this thread:

Variety: "If I don't put a visual effects shop out of business , I'm not doing my job

Quote:


“Fox, U and Warners stepped in and quickly agreed to find a financial mechanism to keep the doors open at R&H without making a direct — but the trio could not agree on next steps. Some studio execs wanted to press for better deals on existing vfx contracts; others objected that the last thing R&H — or the vfx industry in general — needed was further financial pressure. Two studios wanted to force R&H into bankruptcy. The third threatened to pull its work if that strategy was followed. These arguments went on for several weeks.”

http://www.variety.com/article/VR1118065654/
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Old 02 February 2013   #18
I am hearing unconfirmed reports that Peerless camera Company is now in trouble and staff have been told not to bother coming in.

B
 
Old 02 February 2013   #19
Originally Posted by DuttyFoot: Wow, if this is really so its quite sad. R&H from what i understand is run like a family.


I've always heard this about them as well; they definitely have a good reputation amongst my friends who've worked there.

The last few weeks have been unbelievably dismal for VFX. It feels like our industry is suddenly crumbling around us, along with our jobs. Considering this field that has been my bread and butter for my entire adult life, it's a lot to have to take in.

I'm desperately hoping that things are going to take a turn for the better.
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Old 02 February 2013   #20
Originally Posted by SebKaine: fuel VFX was in dire strait after completing Prometheus who make $403,354,469 and is nominated for an Academy Awards.
R&H is now in dire strait after Life of Pi a $548,506,363 gross and a nomition for an Academy Awards.
Guys ! ... what a reward after this killing CG tiger ...


Originally Posted by flipnap: whats happening within our industry doesnt have anything in common with "operating in an unsustainable manner". Theres something a lot deeper and darker going on. i just read the news on dreamworks and im shocked. this stuff is all about politics, investors, stock prices and good old fashioned greed on all sides. ive never seen so much industry collapse in all my years. its frightening. i only hope some good will come of this.



As time goes by it seems more and more that socio paths control the overall funding of this industry, and nobody does anything about it. These movies make massive money, but studios are forced to run contract to contract with tight margins. We aren't making obscene wages here, and there aren't that many outright flops.... who's hoarding the money? I wish we could all (studio owners included) just step back and take a break from it all. Stop VFX production and let the films in progress stumble around a bit. I know that's not financially possible, and I know there's always China/India looming, but... without FX, what are most blockbuster movies these days?
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Last edited by b1m2x3 : 02 February 2013 at 09:25 PM.
 
Old 02 February 2013   #21
Originally Posted by leigh: I'm desperately hoping that things are going to take a turn for the better.


God i hope you're right...

I only started working in vfx in 2009 but things felt like they were booming (except maybe in the US who must already have been feeling the pinch). 4 years later, and it seems like everone is just surviving, the emphasis being on just...
 
Old 02 February 2013   #22
Originally Posted by leigh: I've always heard this about them as well; they definitely have a good reputation amongst my friends who've worked there.

The last few weeks have been unbelievably dismal for VFX. It feels like our industry is suddenly crumbling around us, along with our jobs. Considering this field that has been my bread and butter for my entire adult life, it's a lot to have to take in.

I'm desperately hoping that things are going to take a turn for the better.


Its been crumbling for years its just now London is getting effected in a big way.

b
 
Old 02 February 2013   #23
i worked 4 films at r&h and it was some of the best times, and one of the best places i ever worked. They were very transparent about their finances with employees (john gave a weekly meeting about them to whoever wanted to attend) so wed all be on the same page. they never blew smoke and were always respectful with the concept that we were all people with lives and families. Theyd let people bring their dogs to work and it was really like a family there (and not in a creepy cult kind of way). You always felt like an equal and most of the time they treated you as if you were doing them a favor by being there. extremely rare and this is very sad. I really hope things work out, and as leigh said, im in shock at whats happening in front of my eyes. its like watching a building implode in slow motion. so very sad.
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Old 02 February 2013   #24
What can we do as a community to help each other out?
What should CG organizations like SIGGRAPH, ASIFA, VES hell even AFI do to help?

I have only heard good things about R&H and this blows my mind.

-R
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Old 02 February 2013   #25
Originally Posted by leigh: I'm desperately hoping that things are going to take a turn for the better.


The 5 or 6 majors that produce 99% of the big VFX movies only care about one and only one thing ... How to do more for less , and if they can win 500.000 $ by putting 2 FX shop down ... well they will do it , after all it's not big deal, money is money ! So as an artist you work really really hard with overtime (generally unpaid ) and your reward is a big F*@# by the guys that have suck all your strength ( and sink the company where you work ... wich is not very cool ) . The bad news is that i'm afraid that expect the workalcholic , masochist, and the fresh blood under 30 ... the vfx movie bizz will not be very sexy for a long time ... The good news is that if you accept that this circle of stupidity is hard to break (impossible ? ... i don't like the word ) you realize that there are many many other area where CG is a big plus and where new opportunity are possible ! of course making CG for museum or science apps for exemple is less sexy than working on a blockbuster but as you can make money with your passion , thats good enough for me ...

And if you still want to take this crazy walk ( run ? ) in the wild side of the VFX bizz, you will now know the price to pay ( more precisely ... the price you will not be pay ... )
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Old 02 February 2013   #26
Originally Posted by Kabab: This might sound rough but if these businesses are operating in a unsustainable manner it's probably better they close down which in return will reduce competition and will allow other/new studio's to charge more realistic fee's for their work..


Call me a cynic but I think it'll mean the suits in charge will more aggressively pursue outsourcing. So you're right, but it's likely those studios won't be in the US.
 
Old 02 February 2013   #27
Originally Posted by gkmotu: And ain't it lovely!
That said, we Danes or scandinavians for that matter wont ever go there again...sadly.
I sometimes think I was born in the wrong timeage.
I feel at times the need to raid shores and leave non alive, I can feel it in my blood, my pshycologist tells me it isnt a mental derail, it lies too deep for that.
hmmm, I must meditate on this.


Nice! I've a good friend with the same urges.
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Old 02 February 2013   #28
Originally Posted by Als: I find it funny that "something is rotten in the state of Denmark" got such a reaction. LOL
Which just shows that something is rotten.

Its disgrace that R&H have any problems at all after such a film.

Why?

Steven Spielberg is a director who knows how to work with CG, or I'm wrong?


Al


"Life of Pi" is by Ang Lee, not Steven Spielberg if what you're referring to is R&H's most recent high profile film.
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Old 02 February 2013   #29
Quote: In addition to its El Segundo HQ, R&H has led the way in offshoring vfx, with two facilities in India, one in Malaysia, one in Taiwan and one in Vancouver. That a highly respected company that's been so aggressive about pursuing tax incentives and lower labor costs abroad could get into such a cash crunch is alarming vfx pros.


To me this is the most interesting part. It might be a good signal, that chasing tax incentives and labor costs isn't the most effective strategy, as business model in it's core is broken.
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Old 02 February 2013   #30
Originally Posted by flipnap: ive never seen so much industry collapse in all my years. its frightening. i only hope some good will come of this.



The dot com bubble was kinda like a Michael Bay film with Fortune 500s and the little studios they funded exploding every 30 seconds. This is bad, don't get me wrong, but it's nothing compared to the absolute shit storm that was the dot com bubble burst.

Last edited by Diffus3d : 02 February 2013 at 12:06 AM.
 
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