This is a table nicked from the Wall Street Journal (via my pal Hugh - @hugh_waters on Twitter). On one hand it's very worrying but on the other hand it's what I've suspected.
- The equipment required for TV post production is now a £1.5k laptop and not a room that cost a million quid to install (twenty years ago). It's why audio still makes money (you still need an expensive room even thought the equipment is cheap) and why OBs, studios etc will always be profitable.
- Post production is largely run by owner-operators; folks who have an emotional attachment to it and will do work at a loss for the love of it and have a far too optimistic view of the future.
I don't know what the answer is - I'm going to try and concentrate on designing/building audio suites, TV studios etc and avoid edit rooms!