jonpais
Well-known member
Right, that's precisely what the rich and powerful who control our politicians would like us to believe!
Blackmagic Raises Price of Many Items
- Thread starter jonpais
- Start date
Right, that's precisely what the rich and powerful who control our politicians would like us to believe!
paulears
Veteran
Wow - that turned into a bizarre politco-economic mess quickly!
We are part of the video business, in the same way every other business has similar issues. Me too. I'm finding everything that I pay for is going up - subscriptions, software upgrades, stick, consumables - everything. I cannot see any point in singling out a firm - like BMD that we were talking about. I've put my prices up? Have I lied to anyone? I had to do it because the onbly thing that matters, the margin - is squeezed, so I could make less and be ethically superior, or I can just pass it on - and that is what I've done. It doesn't make me bad does it? I'm no worse than BMD - it's just how it is. I do not want to make more money, just the same money. I adjust prices with a spreadsheet that shows the margin. If a job pays less than I expected, I tinker on the next one.
We are part of the video business, in the same way every other business has similar issues. Me too. I'm finding everything that I pay for is going up - subscriptions, software upgrades, stick, consumables - everything. I cannot see any point in singling out a firm - like BMD that we were talking about. I've put my prices up? Have I lied to anyone? I had to do it because the onbly thing that matters, the margin - is squeezed, so I could make less and be ethically superior, or I can just pass it on - and that is what I've done. It doesn't make me bad does it? I'm no worse than BMD - it's just how it is. I do not want to make more money, just the same money. I adjust prices with a spreadsheet that shows the margin. If a job pays less than I expected, I tinker on the next one.
Doug Jensen
Carbonite Member
It's nice to know I am good company.
Two questions for you . . .
1) Besides bitching and moaning on web forums, what actions have YOU taken to change things?
2) Of the actions you have taken, what has been there effect on the things you are complaining about? Please be specific.
BTW, I took my own advice yesterday and went out found a trio of osprey and some brown pelicans fishing in a river. Got some great slow-mo footage with my FX6, and more importantly, had a nice day in the outdoors with fresh air and a little too much sun.
Doug Jensen
Carbonite Member
Thanks for asking. The eye of the storm went practically right over the top of us, but by then it was a weakened tropical storm, so not a big deal. We had some street flooding that still hasn't completely receded, but nothing serious and no property damage in my neighborhood that I am aware of. I spent about six hours on Friday helping several neighbors clean up debris from their yards, and that was exhausting. But everyone was in a good mood because we know damn well we dodged a bullet on this one. I think having the eye go over us actually gave us less wind and rain. I went out on a mountain bike ride during the storm and the water on the trails was already pretty deep --some pretty big fish had to get out of the way or get run over. Didn't see any gators, but they were on my mind.
I have always loved cycling in bad weather, especially when I used to be a road racer. The worse the weather, the better. I miss those days when I was in shape and could compete at that level.It's interesting that the track of the storm took it right between launch pads 39A and 39B at KSC, where Artemis had been sitting just a couple of days before the storm. I'd say NASA made the right decision to roll it back into the VAB. Now they can't try to launch again until late November. But in the mean time, it should be a beautiful Atlas V launch tomorrow evening, and a SpaceX launch with crew to the ISS on Wednesday. There is backlog of launches now.
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ahalpert
Major Contributor
biking through the eye - that's a good one. pretty scary stuff - I'm glad you missed the worst of it!
Those &$%! people at BlackMagic Design. Doing it to the man once again. - https://www.newsshooter.com/2022/10/...atem-mini-pro/
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JAMedia
Well-known member
This is UNACCEPTABLE!! How do they expect Red and ARRI to make exorbitant profits if BMD keep doing this?
jonpais
Well-known member
Blackmagic is claiming the price cuts are made possiible ‘by efficiencies in manufacturing.’
jonpais
Well-known member
Not sure what you mean. Blackmagic Design’s annual revenue is equal to or greater than that of ARRI and RED combined. Grant Petty’s net worth also dwarfs that of the CEOs of ARRI and RED, neither of whom figure in Forbes’s list of the world’s wealthiest people.
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jonpais
Well-known member
Sky-high profit margins and excessive corporate power are contributing disproportionately to the current inflationary cycle.
“Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal. ” - Economics Policy Institute
https://www.epi.org/blog/corporate-p...akers-respond/
That’s over 50% of inflation due to corporate profiteering! Online, you can watch dozens of these companies boasting how ‘inflation’ is helping their bottom line.
“Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC sector have risen at an annualized rate of 6.1%—a pronounced acceleration over the 1.8% price growth that characterized the pre-pandemic business cycle of 2007–2019. Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase. This is not normal. ” - Economics Policy Institute
https://www.epi.org/blog/corporate-p...akers-respond/
That’s over 50% of inflation due to corporate profiteering! Online, you can watch dozens of these companies boasting how ‘inflation’ is helping their bottom line.
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ahalpert
Major Contributor
Yes, I just read this about coca-cola. Revenue up 10%, but profits up 14%
Uh, no.
ahalpert
Major Contributor
I agree with jonpais. I don't think that price gouging is the first or biggest cause of inflation, but everything I read confirms that it's a factor. And the consumer is going along with it. Just look at this thread - very few people question the reasons Blackmagic has given for raising prices, they just accept it. And, as jonpais said, Blackmagic greatly increased their profit margins in recent years, which indicates that they have raised prices more than their costs have increased.
jonpais
Well-known member
Several camera review websites are bending over backwards trying to justify the added expense of the a7R V. The question is, why?
“The A7R V will have a body-only price of $3,899 / £3,999 (around AU$7,150). That's a little more than the Sony A7R IV's launch price in 2019, which was $3,500 / £3,500 / AU$5,699, although that's to be expected given the inflation we've seen since then.” - techradar
“The Sony a7R V will be available from late October at a recommended price of $3899, body only. This makes it $400 more expensive than the Mark IV was, at launch (itself a more expensive camera than its predecessor), though supply chain shortages and inflation will account for some of that increase.” - DPReview
“By the way, if compared to the previous model, its introductory price is slightly higher by $400, which is on par with many other companies who are trying to keep the prices of their newer models around the ballpark of their predecessors. Riding on the same “price for value train of thoughts”, it can be that for some…” cineD
To me, it sounds like they're all reading from a prepared script or something. The answer is obvious though - the websites want to keep seeing ad revenue pouring in.
“The A7R V will have a body-only price of $3,899 / £3,999 (around AU$7,150). That's a little more than the Sony A7R IV's launch price in 2019, which was $3,500 / £3,500 / AU$5,699, although that's to be expected given the inflation we've seen since then.” - techradar
“The Sony a7R V will be available from late October at a recommended price of $3899, body only. This makes it $400 more expensive than the Mark IV was, at launch (itself a more expensive camera than its predecessor), though supply chain shortages and inflation will account for some of that increase.” - DPReview
“By the way, if compared to the previous model, its introductory price is slightly higher by $400, which is on par with many other companies who are trying to keep the prices of their newer models around the ballpark of their predecessors. Riding on the same “price for value train of thoughts”, it can be that for some…” cineD
To me, it sounds like they're all reading from a prepared script or something. The answer is obvious though - the websites want to keep seeing ad revenue pouring in.
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It's not. It's a constant. And inflation is a monetary phenomenon.