CafeFX Downsizing, Not Shuttering
Amid rumors that Santa Maria-based visual effects studio CafeFX is shutting down, CEO Jeff Barnes released the following statement to explain recent downsizing and cost-cutting measures.
"As we all know, the industry in California is experiencing a radical course correction as globalization, commoditization, foreign incentives and the economy continue to challenge our country and our state. Labor costs need to come down, overhead reduced, specializations realized, new partnerships solidified and smarter pipelines implemented.
"That is precisely the process we are incorporating during what are historically slower months in our business. We have reluctantly reduced our headcount so that we can implement these changes effectively and responsibly, and at the same time make sure that commitments to our employees and clients are successfully fulfilled along the way. We are carefully vetting our current and go-forward options so that we can move ahead with a viable, adjusted model."
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Labor costs need to come down? What! How about managing your company properly. I love it the owners always want to blame everyone but them selfs lets face it Jeff you ran this company into the ground no one else.
Agreed.
"Labor costs need to come down"
Are you kidding me!? How about studios need to start paying a fair share to production houses that are creating effects driven pictures? Do they think vfx artists are getting rich doing this?
Here's what's going to happen.
More vfx will go overseas and there will be increasingly poor visual effects that are in keeping with the poor stories developed by the major studios.
There will be much hand wringing by execs when box office plummets because the spectacle of the last element keeping holiday movies at least visually interesting is no longer a factor drawing audiences into theaters.
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