Another one gone as Cream folds

Picture 236.pngThe GFC continues to take its toll on Australia's once prosperous TVC production industry with Sydney-based Cream (formerly Republic Films) and Ozpan Productions the latest casualties.  Emails to Cream's principal producer Adam Wells state: Thank you for your email. I will not be in the office this week. If the matter is urgent please contact Ian Bennett in the office. Calls to the company go to a recording with the message: Thanks for calling the offices of Ozpan and Cream. If you're calling in regards to any outstanding invoices please contact Pitcher Partners in Sydney on (02) 9221 2099  who are acting as the liquidators of Ozpan Productions and Cream.

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32 Comments

the cat who got the cream said:

This is embarrassing - I remember when they "launched" with the heading on this blog: CREAM STARES DOWN ECONOMIC GOLIATH...

http://www.campaignbrief.com/2009/02/cream-stares-down-economic-gol.html

foolish.

Anonymous said:

not a good thing to hear.

great logo, and identity but the work...

roving that smoke and mirrors will only get you so far

Anonymous said:

any cheap sofas going?

Anonymous said:

what about the john jameson productions deal they had? they're supposed to be producing 3 short films for the winners of the competition!?

Anonymous said:

embarassing would hardly seem to be the right word. believe it or not the closure of a company invariably means a good deal of pain and hardship.

Paul said:

When you hand over half your profit to Plush you just run out of bucks to pay the bills.

Anonymous said:

Feel sorry for the crew and suppliers who have been struggling for months to get paid and may end up with nothing.

Anonymous said:

Congrats Plush you have killed another company. Not too many more to screw - keep up the good work.

Anonymous said:

2:17 - well you can't blame 'em for trying

Anonymous said:

Cmon boys. The budgets aren't there to begin with regardless if you have to
profit split with plush. This is partly the agencies fault There's always a decent budget to make an ad, problem is agencies want to do 3 ads with it. And even if you want to blame plush... Who owns them? Agencies. Start writing to the budget and atop
blaming the production company you guys built in the first place

Anonymous said:

Aint no money in TVCs like they's used too...

Aint to money in advertiiiiiiising full stop...

Anonymous said:

Sad, and not the last one yet. It is important to remember that in all the recent cases of production companies closing their doors these were basically good people trying to manage difficult circumstances, mostly outside of their control. As far as I have heard, the individual Directors and Producers involved are keen to stick with the commitment to produce the John Jameson short films and they will get made.

Tom said:

Secret commissions are about to be hammered in the finance world - lets open the door into advertising where it's rife. Clients don't realise half their production budgets are under the table agency payoffs. Does'nt work for the clients certainly does'nt work for production companys. When is this corruption going to be exposed??????????

Anonymous said:

One of the reasons production companies like this are suffering is because of 'freebies' like John Jameson short films. The directors and producers do it all for nothing with the idea that they are going to gain some attention. In the end all that happens is a multinational company gets free content and the directors use up all their credits with their suppliers. This is all under the guise that 'Jameson' is supporting film. Nobody in the creative community really cares about these 'films' in the end. Surely these people should have gotten wise to this scam by now. It's a disgrace and people should be ashamed.

Anonymous said:

cmon, theres no extra money for under the table deals.. under the table discounts MAYBE but c'mon agencies need to account for every cent. I know of plenty of ''prteferred supplier" deals around but thats not underhanded.. thats HOW THE WORLD WORKS

Anonymous said:

I wish Adam and Darrin well they were really nice people - lets hope they get out of this stinking business. Goodluck boys.

Anonymous said:

I don't think there's any under the table payments anymore.

I think agencies mark things up sometimes 1000% to make up for what they lost on the creative concept. But also production companies mark their 'assistant' wages up 1000% as well.

I saw a quote the other day, $5000 for grip?

I thought it was a typo.

Anonymous said:

sad, sad industry, too much talent, not enough jobs, best advice to young directors, get out now...dont waste your life waiting for jobs, taking thankless creatives to lunch, pretending to care about the creatives dog vomiting last night....

Anonymous said:

just a grip for $5k yes but gee im preeety sure they need to bring some stuff to work with them otheriwise they could turn up on a skatetboard.

Truck, dolly, track, blacks, scaffold, platforms etc.. gets to 5k no problem.

Anonymous said:

July 2, 9.58 am, it's 8.13 am here. You are ignorant, my friend. My comment about the John Jameson short films was meant for July 1, 4,25 pm who sounded like one of the short film writers who entered the John Jameson competition. Of course the people who are going to (hopefully) complete these shorts know that these "freebies" aren't something that, as you state, "the creative community cares about". You miss the point completely because that isn't why they will try to make these films. They do it because they love film and in particular, want to make these little scripts. If you ever get to make anything longer than 30 seconds, one day you might understand. Oh, and by the way, I only make TVC's.

Anonymous said:

There is deals a plenty. If you are a co-production company with a large agency owned production company. At the end of the job you send em a cheque for half the profit - client's non the wiser. Client thinks he/she getting independent production - independently comissioned. Now if that aint an under the table deal I don't know what it. It's rife but sooner or later the cat will get let out of the bag.

Anonymous said:

Really sorry to hear the news. These guys put their hearts and souls into that company for many many years. If there was hidden fat in production budgets they would still be in business..........Wake up. There is no fat. Film production is becoming a risky past time.

Matt said:

I wonder where their upfront fees to pay crew went? not to crew, that's for sure.

Anonymous said:

Bypass ads and go straight to film!

The sad bit is with directing, like advertising and photography – everybody thinks they can do it.

The tragedy is with directing, like advertising and photography – most people can't and it's all down to who you know.

Anonymous said:

no under the table deals???...are you for real?....of course there are.
How dumbarse are you?...oh man, thats why we are in the trouble that we are in because of all the cash that seems to go out of production and into "other areas"

Anonymous said:

So many creditors and no money. Sounds like bad management to me. I know a lot of crew who have been burnt and there not going to take it lying down. Owning a company that engages crew to work is a massive responsibility, perhaps too big for some creative visionaries. I'm not saying that all Creative people should not aspire to owning there own company its just that there is no easy way to create your way out of a 100 angry film crew just wanting to get paid.

Anonymous said:

1.23
it was a typo. That's not going to happen, even in a 'not telling ya nothin'" world.

Anonymous said:

You lay down with dogs and you get fleas. That agency profit share deal is a death sentence.

Anonymous said:

Unfortunately they, like AHT and Silverscreen before them owe a lot of people money..good people. What no one here is mentioning is the cash flow from agencies. I have been on so many shoots in the last few years where the first 50% hasn't been paid prior to principal photography! That is a fucking disgrace by itself...then the second 50% gets paid (after much harassment from the producer) in something like 60-180 days!!!!!! How the fuck are companies supposed to stay open when the crew need to be paid in 30 days but the fucking agencies pay in that sort of time frame. If an advertising agency can't handle their clients then they should shut the doors. Producers can't make a fuss for fear of offending them and being blacklisted.....while this remains the state of play many more companies will go the wall and there will be no one left to shoot the jobs........

Anonymous said:

when i used to work for a major international agency, in sydney, in a senior crerative position, it was common practice not to pay production companies their money on time. Especially the second 50.

the usual excuse via the cfo, was "but we're not a bank, we're not paying the production company until our client has paid us".

on more than one occasion the client had not paid because the junior account manager had not sent out the invoice. mmmmmmmm?

Anonymous said:

8.20pm. Word.

Anonymous said:

If they owe so much money, why is the building for rent??

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About this Entry

This page contains a single entry by CB published on July 1, 2009 1:59 PM .

'Sexist' Mad Men radio spot for SBS via US, Sydney wins round one of 2010 Siren Awards was the previous entry in this blog.

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