Reply to thread

Message

<blockquote data-quote="Tim McCulloch" data-source="post: 15247" data-attributes="member: 67">Re: State of the Industry 1/2011Hi Mike-We&#039;ve had a good year as a regional provider and actually have grown in this recession, but like Lee, we took the &#039;&#039;go big or go home&#039;&#039; approach.&nbsp; Actually, we&#039;d begun just before it became obvious that the economy was about to tank.&nbsp; We borrowed 6 figures and bought about half of Dirk Schubert&#039;s VerTec rig out of the Greek Theater (Miller Pro Audio in OKC got the other half, so Dirk&#039;s rig wound up in the same part of the country.).&nbsp; We have paid off about 60% of that note, now.From operations revenue we added more 4889s, 4880s, and got 16 4887 and more I-Techs to power it all.&nbsp; We haven&#039;t expanded our staffing, though, and because of the way the schedules worked out (less double/triple booking), some of our part-time guys didn&#039;t work as much in 2010.I can confirm what you experience, though.&nbsp; Both as a provider and an IATSE hand, I&#039;m seeing the same guys/gals come through with more different acts, and some acts are carrying smaller crews with folks doing multiple jobs.&nbsp; An IATSE brother in Nashvegas has a side biz of renting walkie-talkies to tours, and he reports his biz was down nearly 70% in mid-2010.&nbsp; He said crews were smaller, only critical crew got radios and other crew were paid $20/week to use their cell phones and send text messages.&nbsp; The tour accounting pencil is getting sharper.Hopefully I&#039;ll see you and JJJ and some of the other rock and roll &#039;&#039;regulars&#039;&#039; on tour as the thaw begins.Good luck and best wishes.Tim Mc</blockquote>

[QUOTE="Tim McCulloch, post: 15247, member: 67"] Re: State of the Industry 1/2011 Hi Mike- We've had a good year as a regional provider and actually have grown in this recession, but like Lee, we took the ''go big or go home'' approach. Actually, we'd begun just before it became obvious that the economy was about to tank. We borrowed 6 figures and bought about half of Dirk Schubert's VerTec rig out of the Greek Theater (Miller Pro Audio in OKC got the other half, so Dirk's rig wound up in the same part of the country.). We have paid off about 60% of that note, now. From operations revenue we added more 4889s, 4880s, and got 16 4887 and more I-Techs to power it all. We haven't expanded our staffing, though, and because of the way the schedules worked out (less double/triple booking), some of our part-time guys didn't work as much in 2010. I can confirm what you experience, though. Both as a provider and an IATSE hand, I'm seeing the same guys/gals come through with more different acts, and some acts are carrying smaller crews with folks doing multiple jobs. An IATSE brother in Nashvegas has a side biz of renting walkie-talkies to tours, and he reports his biz was down nearly 70% in mid-2010. He said crews were smaller, only critical crew got radios and other crew were paid $20/week to use their cell phones and send text messages. The tour accounting pencil is getting sharper. Hopefully I'll see you and JJJ and some of the other rock and roll ''regulars'' on tour as the thaw begins. Good luck and best wishes. Tim Mc [/QUOTE]

Verification