How long do production companies have until they run out of cash? Owners aren’t exactly the most frugal bunch.

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Wow. They certainly will run out of cash if not paid the more than $200 million in accounts receivable owed to them collectively by brands and ad agencies. However you define frugality, please balance it against the relentless hard work, patience, and luck required to keep a production company afloat these days.

likesmartfunny

There are a handful of massively wealthy production companies headquartered out of Europe and built through generational wealth, with offices on US soil and yes, not the most frugal bunch. Then a slew of smaller independent production companies in America ranging from director-owned to mom-and-pop shops to midsized ones.

What they all have in common are the brands, agencies and holding companies that decided to stiff them and not pay any of the outstanding $200 million or so they’re owed at the moment.

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Hey there. I own a small production company and we are flush with animation/remote editing work. Thanks for your concern but my Bentley is safe.

likefunny

I can’t hear you through all those beach houses.

likefunny

my production company’s office is my house. when we run out of cash i’m going to crash on OP’s couch. how’s that for frugal?

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At least, they can take out big loans for payroll gaps soon

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Not so much.

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