Need ideas for studio facility project at DVinfo.net

Ignacio Rodriguez · March 28th, 2004, 04:53 PM

Hi. I have an uncle which is prepared to invest in the construction and operation of a small media facility, could be used as a TV or audio studio. I want to convince him of the importance of building a high-quality acoustically designed space. He has construction workers, expertise and materials at hand so it makes sense because from his standpoint it's less expensive to build (no pun intended) value which in this market is not the norm. TV studio facilities available for rent in Chile are usually non-treated, rectangular buildings not built with this kind of use in mind. So I am searching for ideas that will help me convince him to take the idea seriously and invest. Any ideas that might help? Thanks!

Keith Loh · March 28th, 2004, 05:02 PM

Perhaps the easiest way to accomplish one part of this is to arrange for a tour of an existing professional facility that does meet the standards you set.

Ignacio Rodriguez · March 28th, 2004, 05:16 PM

That's a very good idea and I had not though of it. That would a very good first step. Thanks!

Ken Tanaka · March 28th, 2004, 06:55 PM

Certainly, I am not familiar with the Chilean studio market nor with your uncle. But if your uncle is a businessman (as he sounds to be) and his interest is truly one of investment rather than appeasement of a nephew, then you may need to approach this as a true financial proposition.

Investment implies a return. That's what makes it different from an expense. What will it cost to build such a facility? What will be the cost to capitalize that investment? What will it cost to maintain the studio (ex: insurance, taxes, et.al.)? What are the genuine prospects for producing revenue from it? What will make a first-class studio more attractive to perennially penny-pinching film and music producers? What is the value proposition to them? Who is competing for such projects in your market? What are the prospects for unloading this investment in the future at a reasonable time-adjusted value? Etc.

If my nephew approached me with such an idea, these are the questions I would expect him to credibly answer.

Michael Wisniewski · March 28th, 2004, 07:47 PM

Also, survey current customers and see what they're looking for, what they think they'll pay for, and what they wish existed on the market.

Ignacio Rodriguez · March 28th, 2004, 11:16 PM

> What are the genuine prospects for producing revenue from it?

Thank You Ken, Michael.

We already have an idea of what we can make per day based on what others charge for similar spaces and services. And we also already have two customers, actually my uncle does... so he is half-convinced already :-)

I also have a client for an album production... he just needs the mix (the project will be recorded somwhere else) but at least it will be a good first audio credit.

March 28th, 2004, 04:53 PM	#1
Ignacio Rodriguez Contributor Join Date: Sep 2003 Location: Santiago, Chile Posts: 932	Need ideas for studio facility project Hi. I have an uncle which is prepared to invest in the construction and operation of a small media facility, could be used as a TV or audio studio. I want to convince him of the importance of building a high-quality acoustically designed space. He has construction workers, expertise and materials at hand so it makes sense because from his standpoint it's less expensive to build (no pun intended) value which in this market is not the norm. TV studio facilities available for rent in Chile are usually non-treated, rectangular buildings not built with this kind of use in mind. So I am searching for ideas that will help me convince him to take the idea seriously and invest. Any ideas that might help? Thanks! __________________ Ignacio Rodríguez in the third world. @micronauta on Twitter. Main hardware: brain, eyes, hands.

March 28th, 2004, 05:02 PM	#2
Keith Loh Air China Pilot Join Date: May 2002 Location: Vancouver, B.C. Posts: 2,389	Perhaps the easiest way to accomplish one part of this is to arrange for a tour of an existing professional facility that does meet the standards you set. __________________ -- Visit http://www.KeithLoh.com \| stuff about living in Vancouver \| My Flickr photo gallery

March 28th, 2004, 05:16 PM	#3
Ignacio Rodriguez Contributor Join Date: Sep 2003 Location: Santiago, Chile Posts: 932	That's a very good idea and I had not though of it. That would a very good first step. Thanks! __________________ Ignacio Rodríguez in the third world. @micronauta on Twitter. Main hardware: brain, eyes, hands.

March 28th, 2004, 06:55 PM	#4
Ken Tanaka Retired DV Info Net Almunus Join Date: Dec 2001 Location: Chicago, IL Posts: 6,943	Certainly, I am not familiar with the Chilean studio market nor with your uncle. But if your uncle is a businessman (as he sounds to be) and his interest is truly one of investment rather than appeasement of a nephew, then you may need to approach this as a true financial proposition. Investment implies a return. That's what makes it different from an expense. What will it cost to build such a facility? What will be the cost to capitalize that investment? What will it cost to maintain the studio (ex: insurance, taxes, et.al.)? What are the genuine prospects for producing revenue from it? What will make a first-class studio more attractive to perennially penny-pinching film and music producers? What is the value proposition to them? Who is competing for such projects in your market? What are the prospects for unloading this investment in the future at a reasonable time-adjusted value? Etc. If my nephew approached me with such an idea, these are the questions I would expect him to credibly answer. __________________ Lady X Films: A lady with a boring wardrobe...and a global mission. Hey, you don't have enough stuff! Buy with confidence from our sponsors. Hand-picked as the best in the business...Really! See some of my work one frame at a time: www.KenTanaka.com

March 28th, 2004, 11:16 PM	#6
Ignacio Rodriguez Contributor Join Date: Sep 2003 Location: Santiago, Chile Posts: 932	> What are the genuine prospects for producing revenue from it? Thank You Ken, Michael. We already have an idea of what we can make per day based on what others charge for similar spaces and services. And we also already have two customers, actually my uncle does... so he is half-convinced already :-) I also have a client for an album production... he just needs the mix (the project will be recorded somwhere else) but at least it will be a good first audio credit. __________________ Ignacio Rodríguez in the third world. @micronauta on Twitter. Main hardware: brain, eyes, hands.

March 28th, 2004, 07:47 PM	#5
Michael Wisniewski Wrangler Join Date: Jul 2002 Location: Makati, Metro Manila Posts: 2,706 Images: 32	Also, survey current customers and see what they're looking for, what they think they'll pay for, and what they wish existed on the market.