- Banned
- #61
itzawrap
Banned
V8F,I saw a thread several days ago about Red owners in LA getting together to establish some sort of quality level structure for pricing out the Red for rental. I have not been able to find the thread again, but would like to talk with interested individuals. It would be great to have a list of owners in Los Angeles and other areas to be able to bounce work off of.
One of my companies deals with remote camera cranes. It used to be a great business, but because of the relative cheap price of the cranes, the market was flooded with them. We use to get an established rental rate for the gear, but so many people have multiple crane arms that they basically give them to the producers for less and less. It is very hard to compete with these individuals that have several arms.
This hurts the whole industry. I don't want to see this happen to the Red camera rentals. Because of the relative cheap price of the camera there is going to be several companies that have several cameras. They will be forced to rent them out for less than rate card just to keep them working all the time.
This is going to happen unless we can create some sort of agreement with Red owners to keep the price fixed at a certain rate. This doesn't mean you can't help out a shoot in need, but the deal needs to make sense.
We tried to do this with the cranes but people didn't listen. Now the rental market is run by a few large companies, and the rest get to pick up the leftovers.
I HOPE THIS DOESN'T HAPPEN WITH THE RED!
You have been warned!
I would like to join other Red users in Los Angeles to try and keep the Red value as high as possible for as long as possible.
Maybe if we set up a referral system that would work like this it may keep the quality high:
1. Data base of owners in the area. and posted schedules
2. Base low limit price, with exceptions. Members of this referal site agree to not rent gear out for less then a certain price unless approved by X amount of users of the site.
3. A Referral commission will be paid to the other Red owner passing the job along.
4. A small fee to keep name on the referral site. This fee would be to pay for the website, and keep it updated.
Just a thought, but one that should be considered.
V8F
P.S. Does anyone know how many Red's are reserved for the Southern California area?
Your post about rental rates makes a lot of sense. This problem is always what happens when the market gets "saturated" with an item that becomes a commodity.
We experienced this with Beta SP in the early 90's in Chicago. First off there were not a ton of rental packages around in the late 80's, so my partner and I bought a nice package with the right bells to make nice looking Beta SP, not just run and gun ENG stuff, but special videography for high end clients. We were able to charge a fair rate, pay off our notes, pay for upkeep and additional items for the package. We always took it out ourselves and shot for our clients. It was not a general rental item. We did not want to be a "rental" company but a company providing DP/OP and gear together as a package.
Within a few years, but after we'd been paid for, more and more people bought gear and flooded the market. Fortunately for us, we were able to compete with lower rental rates becasue we were paid off. So all the whores out there could rent for cheaper and cheaper and we just kept up by lowering our rates accordingly.
I hate playing that game. I believe we have to teach the client what the difference between "price" and "value" are. Price is what they pay, value is what they get. Our job as professionals is give them high value at a fair price and that price should be in line with the value.
Too many look only at the bottom line and granted out here in LA there are plenty of resources from which to choose so with that said I'm willing to explore your ideas and see what can be done toward the goal of creating a community of owners or owner/operators who can raise the standard of quality and establish a fair workable rate structure for the new camera system.
Feel free to email me with your thoughts.
Cheers!