Published on February 8th, 2013 | by Isaac
Scott Ross Knows How To Fix The VFX Industry
Scott Ross, one of the founders of Digital Domain and former ILM boss gave a great interview to PVC about complex nature of the VFX business. In it he describes the differences between the big 8 facilities, and some solid ideas on how to change things for the better.
“The new stars are images that men and women in our business create, and the studios are determined not to let them be compensated accordingly.”
“There’s pressure coming from everywhere – it’s a multi-headed hydra. Visual effects operates on a fixed bid, often without a well-defined plan or blueprint. All companies, at every level, are underbidding for their services.
“If I had a magic wand, here’s what I would do:
- Get rid of all tax subsidies & tax incentives – and if you can’t, offer them to the facilities, not the studios.
- Form a trade association, to represent a singular voice that’s not from a specific individual at a single studio, along the lines of the AICP model. This group can’t price fix, but you can set criteria, with standards like a 48 hour approval window – the client has to approve the work in that amount of time, and anything beyond that triggers an overage. Payment schedules. Kill fees – VFX studios currently block out months of time for a job that is then free to change or cancel the scope of work.
- Change the model on which facilities are compensated, whether this means moving to cost plus a fixed fee or back-end participation in gross revenue. VFX companies currently are effectively funding feature films while accepting a thin profit margin, to a meaningful degree.”
Read the full interview at the link below.
Link – Pro Video Coalition