- Moderator
- #21
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- Apr 19, 2007
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- Location
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value
In my city, LA, there are many rental scenarios. I'd say about 2013 onward you could rent ARRI, RED, Sony, Canon at about 15-25% the going standard rental house rates. I have friends calling me that their being offered 1 or 2 day weeks for some types of work. That's insane as well. There are currently $2200/d Monstro kits still renting, but you can also find the exact opposite end of that spectrum. A blind LF rental year one was also $250/d.
I have a lot to say on this topic as it's constantly transforming, but the market devaluation has more to do with saturation, scale, and competition more than anything else. I'm in the hottest market where every tool is available from every rental house, owner/op, rental services, even the camera manufacturer, as well as production company owned gear. Been taking notes on a lot of this from the ownership perspective and where deals are often made and built on for exploitation.
Don't have all the answers for everybody in every market, but I waited nearly 13 years before purchasing a "big boy camera" because the value of ownership was higher than the proposition of renting 180-320 days of the year. Ownership of systems makes sense for many. For others, I don't know all their business models, expectations, or realities. Owning versus renting today is much more dynamic than last decade as well. The concept of ownership even makes more sense now and for some makes far less sense. Very interesting stuff. I'd even state in my case it was a bit of an educated leap in trajectory, but I had the experience, clients, and high proposition of building more clients. Even then I'd say there was probably 70/30 odds on it working out honestly. Especially the first 2-3 years.
There's other layers to all of this, especially as it pertains to the mass market commercial filmmaker (not meaning commercials by that description). Which I think actually alludes to much of how the landscape has developed.