A blog for the New Zealand creative advertising industry, now at www.campaignbrief.com/nz. Email news to: michael@campaignbrief.com

Friday, March 09, 2007

CURTAINS FOR OKTOBOR

As many in the industry suspected would happen, just weeks after the demise of Geoff Dixon's TVC company Silverscreen, sister post production company Oktobor will be wound down and close within the next month.
"This is a sad day for the industry," said Oktobor chief Patrick McAteer, who's today been handed the task of passing on the news to staff that they'll be progressively made redundant over the next few weeks as Oktobor trades its way to zero, then closes.
"We'll finish the work already on our slate, and maybe take on a few small jobs that can be handled in the same time frame," McAteer told Fastline.
"The closure wil be weeks away, not days. But NZ is about to lose its premium high-end visual effects facility, ranked in the top 20 in the world, and all the uniquely talented people who've made it work."
McAteer believed Oktobor had been capable of trading its way out of the mire created by the collapse of Silverscreen, also owned by Geoff Dixon and his family trust, "but events have overtaken us." He also said Oktobor had suffered a backlash from the Silverscreen crash.

11 Comments:

Anonymous Anonymous said...

A sad day for the whole industry.

6:56 PM NZDT

 
Anonymous Anonymous said...

Very sad, it was a great place.

8:45 PM NZDT

 
Anonymous Anonymous said...

all thanks to a rubbish bunch of agencies who all sell out to clients and have to meet global agency targets. And what gets chopped production budgets.

Get out the handy cam creatives.

The next few years is going to fun.

9:14 AM NZDT

 
Anonymous Paul Ducco said...

that IS a shame. guess it means there'll be quite a number of talented peeps on the hunt for work and to start up shops though. Sometimes things need to break to be rebuilt (oh so philosophical! :)).

See you in NZ soon.

12:22 PM NZDT

 
Anonymous Anonymous said...

:-(
Worked with them recently. Great people, great product.

8:28 AM NZDT

 
Anonymous No fixed abode said...

Ditto. An absolute shame. Patrick and co were really top blokes.

10:29 AM NZDT

 
Anonymous Anonymous said...

Thanks CAANZ for all the support you are giving the industry at the moment....

12:06 PM NZDT

 
Anonymous Anonymous said...

ya,,,too bad, they are too good to be just GONE,,,,nobody can help?!!!

3:56 PM NZDT

 
Anonymous Anonymous said...

They were OK. Their catering was spot on though.

8:26 PM NZDT

 
Anonymous Anonymous said...

Talent will out. They'll be snapped up.

9:37 PM NZDT

 
Anonymous Anonymous said...

Patrick you're right. It's a shame and you are a top bloke.

3:51 PM NZST

 

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