In May, DD's IPO was seeking $115 Million. three days ago it was $55 Million. This morning $42 Million. And, with an opening price of $8.50 per share the general public's reaction was "it ain't worth it....." So the price sank to a little over $7 bucks.
Clearly, this business sucks. And the prospects for profitability are bleak.
Last night I was thinking about the WGA Basic Agreement. When a writer is hired, the studio gets a story outline and one revised story. When the teleplay is delivered, the studio can make two requests for revisions. Thereafter, the studio must pay for additional changes!!!
It's time the VFX community adopts a similar approach. When the director makes change after change after change, the facility needs to charge the customer. and can't ask the workers to work for free because they wouldn't want to alienate the customer. It works for the WGA.
I've never said that the facilities are rolling in money. But, clearly there is a demand for high-quality vfx. And, the people who create those deserve better treatment. Abuse is indefensible; in college footbal, and in visual effects. It's time we stood up, spoke up, and made ourselves heard.