Yesterday morning I had a call with a company that wanted to acquire our company (how’s that for transparency?).
Right now, they’re slightly larger than we are. When I say slightly, I mean enormously.
As such, I extended a considerable amount of respect, props and shout-out’s to them. Throughout our call, they asked a series of questions surrounding our cost of production per minute of footage. In other words, how much it cost to produce one minute of video footage.
- Hollywood’s cost per minute is in the greater than $1,000 (forget movies, we’re talking low-end Hollywood folks).
- Many Web companies producing video today weigh in below $1,000 but come in somewhere in the $500/minute range.
- What’s ours?
Well, I haven’t tabulated yet… but here’s a table for you to guess if you wish:
To read the table: say I’ve invested $2.5M in WatchMojo.com and we have 125 hours of footage, then the cost per minute is $133… what have I invested and how many hours of footage do we have?
Well… it’s getting late… so maybe we can get to that at a later date.
All I can say, my friends, is good night, and good luck.