Alot fo people i know are feeling the crunch, my neighbour just bought a car and he has to sell it now because hes lost alot of hours at work. Others have lost their jobs and got less paying ones further away. With a 4.9 percent drop in growth in the canadian economy and 7 percent unemployment, looks like its gona get much much worse then expected.
do you feel the crunch yet?
- Thread starter mclovin76
- Start date
Yup it's crunch time
Even in the adult movie industry we are feeling it. Though there is a sense that what we are really going through is an economy wide shake out for non-efficient business models.
So maybe the strong will once again survive and the weak will be culled away. A painful but necessary process imho.
Personally, I'd like to see the housing prices go back down to a realistic level so I could afford to buy a house. Tough for the people that bought in the last 10 years though.
Even in the adult movie industry we are feeling it. Though there is a sense that what we are really going through is an economy wide shake out for non-efficient business models.
So maybe the strong will once again survive and the weak will be culled away. A painful but necessary process imho.
Personally, I'd like to see the housing prices go back down to a realistic level so I could afford to buy a house. Tough for the people that bought in the last 10 years though.
You would think so.......but
Yes the Porno business has usually been pretty recession proof in the past, but the current truth is that, even in the Porno biz we are feeling the crunch this time.
In the past I have described the Adult movie biz as a "Raft of Idiots floating down a River of Cash" meaning that it was pretty hard to screw up and no matter what you did you could still make some pretty good money.
But times are changing, similar to the real-estate business, the porno biz is investment heavy. In other words you need a big chunk of cash upfront to produce content, websites, traffic etc etc, the list is long and expensive. But if you could afford to invest, you were pretty much guaranteed a success, just like if you could afford to buy property, the value of it was bound to increase and you would make money on your investment.
But now in the adult biz there are many examples of people who invested tons of $$$ and time into projects, not wisely enough though, and they are now sinking into bankruptsy along with the rest of the economy.
Like I said there is a shakout going on.
Yes the Porno business has usually been pretty recession proof in the past, but the current truth is that, even in the Porno biz we are feeling the crunch this time.
In the past I have described the Adult movie biz as a "Raft of Idiots floating down a River of Cash" meaning that it was pretty hard to screw up and no matter what you did you could still make some pretty good money.
But times are changing, similar to the real-estate business, the porno biz is investment heavy. In other words you need a big chunk of cash upfront to produce content, websites, traffic etc etc, the list is long and expensive. But if you could afford to invest, you were pretty much guaranteed a success, just like if you could afford to buy property, the value of it was bound to increase and you would make money on your investment.
But now in the adult biz there are many examples of people who invested tons of $$$ and time into projects, not wisely enough though, and they are now sinking into bankruptsy along with the rest of the economy.
Like I said there is a shakout going on.
The porn industry hires photographers, cinematographers, web designers with code and writing experience, directors, producers , editors, sound mixers, hair and make-up, DVD writers, packaging companies, printers, distributors, lawyers, accountants, equipment rentals, talent ( performers ), web servers, grips and gaffers, insurance, catering ..... and many more, .....
All of the above people want to get paid for these services long before anything is seen by the public. If it's a solitary website...there has to be substantial content for people to join. If it's a dvd, usually there has to be three to five shoots.
Sure you or I can make a home porno and upload immediately to a websharing server or even a blog, but doing it in a way to make money...different story. And while some porn has entirely different production value ( with or without a professional crew ) there are still going to be many of the above trades and professions involved from the list above.
You got that right Yman
You are totally right, even the most amateur looking stuff costs plenty by the time you see it up on a pro website.
You sound like you have some experience in the biz.
You are totally right, even the most amateur looking stuff costs plenty by the time you see it up on a pro website.
You sound like you have some experience in the biz.
If you are really so keen on spending there is this leather jacket I saw at Gucci....Thanks for letting us know there's a recession going on out there.I never would have known had you not posted this.
I was going to go to Harry Rosen to get some new suits and sportcoats made but, now, with things being how they are, I'm not so sure . . . oh, hell! We only live once! I'm not gonna let all this gloom and doom get me down! I'm going to do my bit to contribute to the economy unlike some of you sad sacks who are tightening your purse strings. If you want to help the economy, then SPEND. Don't just talk about how terrible it is out there and not SPEND money on anything. Only a small (very small!!) number of people (when you consider just how many people across Canada have jobs) will be affected with job losses. The majority of us will still go about our daily lives as usual. So suck it up and go out there and SPEND, will ya?!
Suits HaHaHa....funny not many of those around.......
Suits HaHaHa....funny not many of those around in our biz, Quite funny actually to see all the porno guys in fancy restaurants wearing sloppy jeans and tasteless t shirts at the trade shows.
Most of us are self made guys that came up from the street levels. A lot of us are from the original cyber punk movement back in the 80s.
I myself hitched down here from a frozen trailer in the bush of Terrace BC in January 1974 at age 18 with 6 bucks in my pocket.
I ate from garbage cans in the back of Chinese restaurants in Chinatown until I got a job at the old MinuteMan carwash on Cambie by the old wooden bridge for $2 per hour.
It wasn't a real job though I had to show up there every day 2 hours before it opened and convince the hiring guy that I was a better choice than the 40-50 other street people who also needed to work that day.
I could tell you the rest of my life story about how I finally became a Porn producer, but it's a pretty long and painful tale lol.
Lets just say that I would have loved the chance to get an apprenticeship or an education, but those opportunities just were not apparent at that time even if they existed somewhere.
Suits HaHaHa....funny not many of those around in our biz, Quite funny actually to see all the porno guys in fancy restaurants wearing sloppy jeans and tasteless t shirts at the trade shows.
Most of us are self made guys that came up from the street levels. A lot of us are from the original cyber punk movement back in the 80s.
I myself hitched down here from a frozen trailer in the bush of Terrace BC in January 1974 at age 18 with 6 bucks in my pocket.
I ate from garbage cans in the back of Chinese restaurants in Chinatown until I got a job at the old MinuteMan carwash on Cambie by the old wooden bridge for $2 per hour.
It wasn't a real job though I had to show up there every day 2 hours before it opened and convince the hiring guy that I was a better choice than the 40-50 other street people who also needed to work that day.
I could tell you the rest of my life story about how I finally became a Porn producer, but it's a pretty long and painful tale lol.
Lets just say that I would have loved the chance to get an apprenticeship or an education, but those opportunities just were not apparent at that time even if they existed somewhere.
haha, no kidding.If you are really so keen on spending there is this leather jacket I saw at Gucci....
Not to steal your thunder Katlyn, but if he wouldn't mind buying me a pony too, I been waiting for one since I was three
That's actually true; any large macro (monetary) shock usually causes industrial re-organization. The ones that can re-structure production processes and adapt are the ones that pull through; the end result is usually more larger firms... and less smaller ones.
Yes, a culling it will be!
I too want to see house prices go down but as I am one of those who just "bought in the last 10 years" it would not bode well for me unless I can get some investment money for a property in addition to mine.
Corrected the spelling for you.
I agree those who are foolish enough to think that this will be like the previous downturn in 2000 will be sadly mistaken.
PEOPLE!!
You better listen when those who know tell you to tread carefully.
What we are seeing here is the final gasp of a false economy built on credit with no real assets to back it.
THE BUBBLE HAS BURST!
There is no fall back in this scenario folks the market will reset back to a dollar value that matches the assets which back it.
We have to face the music here...
North America has lived on credit too long.
There is no more to extend - think about it!
When the lending institutions are facing bankruptcy you can be sure that they are not going to be giving large sums of credit to anyone or any business they do not have strong confidence in.
The speech by Harper should have rung some of your bells if you have any sense at all.
Consider this statement:
http://www.cbc.ca/canada/story/2009/01/26/throne-speech.html
The bail outs are not in the interest of promoting good business practices.
What we are seeing here is a Government... no scratch that several governments who are running scared!
These bailouts amount to nothing more than humanitarian aid in a last ditch effort to save over a hundred thousand jobs just in the USA alone.
NO! these companies do NOT deserve the bailout!!
BUT - if the US & Canada does not invest in this industry they face the daunting reality of losing it to another country & they cannot take that chance.
Expect reforms across the board in nearly every industry folks!
Oh & those who don't believe me -
Do this:
Then do this:
Oh GOODY!!
Glad to hear how well you are doing.
Lemme guess ...
"Fuck everybody else, I'm doing fine"... ?
Shows how well you've been paying attention to things if you think the Libtards could do any better than the Tories in this burgeoning economic mess.
Canada has the strongest economy & most stable fiscal policy of all other countries right now & you think that the Libs or NDP would just snap their fingers & make all this go away?
Only crunch I'm feeling is the one I created for myself by racking up my credit cards. At work we're busier than ever.
I agree with sperminator, still gotta keep spending. I'm still gonna head to Europe for a month this summer.
I've been pretty lucky with work that we're still busy designing and new buildings still going up. Got my mortgage half paid off and got about $25k in investments. Not so bad so far, but we'll have to wait and see what the future holds.
I've been pretty lucky with work that we're still busy designing and new buildings still going up. Got my mortgage half paid off and got about $25k in investments. Not so bad so far, but we'll have to wait and see what the future holds.
