Sana'a
I've already got people calling to get their MMr creamed out, so I'd say the high end business will continue on, one way or another.
(Topic ID: 68506)
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Quoted from PinballMikeD:I get that, but I think you're missing my point. Why would Rick make MB when he could make another game (an unlicensed one) and make even more money? For example, let’s assume Universal wants 10% of the total sales price in royalties. So, if PPS sells MBr for say $8k, then Universal would get $800 per machine.
A brand new Hollywood blockbuster is $30 per machine royalty.
A 50-90 year old B-movie is not going to be $800.
Quoted from Bryan_Kelly:If you took away the top four games (MM, AFM, MB and CC) that would amount to roughly 75% of the 100 or so games I've restored over the years. I would imagine most other restorers would say the same. And you say there will still be plenty of work??
Sure.
I've done dozens of F14s, Space Shuttles, EBD, Bally Playboy, WH2Os Xenons, besides the usual MM, MB.....
Oftentimes a repo playfield comes out and people go crazy for a title.
If you look on HEPs gallery, there are 70+ different titles that he has restored.
There is plenty of work.
Quoted from statsdoc:That is interesting, as the take from a run of say 5000 pins would only be $150,000. Given the level of "control" that the movie people seem to exert on what can be in the pin, the payback seems low. I hear that Jack and team has had to meet several times with the team from Hobbit to determine what can be included.
I just can't see the money from the movie side of the transaction. It is chicken feed compared to other licensing options.
I am not doubting you, just a little unclear on how this makes economic sense.
I was given the same $30 amount from two different industry figures, so it's accurate.
How much money can Universal Monsters make on a box of facial tissue? Especially when it is only sold during the month of October ?
Quoted from Bryan_Kelly:As for HEP's gallery, keep in mind many of those titles are onesy, twosy type restores.
Nothing wrong with that.
Although I like doing games in groups for efficiency sake, I don't charge any less for a Comet than I do an AFM.
Quoted from Astropin:Didn't I here that replacement boards were going to be like $40?
I think the latest, greatest BeagleBone is $45 in single quantity.
Assuming that indeed is what is finally used.
Quoted from Bryan_Kelly:Of course there isn't, but you make it sound like there are tons of titles people want restored. The total of all the odd duck titles Chris has done is probably equal to the total of all the MM's and AFM's he's done alone.
I don't know his percentages, but probably 15% is AFM and MM as far as my shop goes.
I've turned away a ton of work this year, as has HEP and most of the other restorers I talk to.
If the remakes refocuses people's attention onto the 100s of other great pin titles that rarely get restored - that's icing on the cake.
I'm not worried a single bit
Quoted from RobT:Vid, I think you are kind of missing the point a bit. You have a reputation for restoring more of the older titles. But I think it's clear that the vast majority of the ~$6k restorations are on titles like MM, AFM, MB and CC.
I "get" that it seems that people only restore the big 4 titles, but let's look at the numbers:
http://christopherhutchins.com/gallery/
12 MM
11 TZ
11 AFM
6 WH2O
6 MB
5 TAF
4 FH
3 CC
3 TOM
2 IJ
So, 11 people paid $6K to have their TZ restored. A game that you can still find HUO for $5K.
If TZ is "your game" and you have some sentimental attachment to it, and you have the money, you can pay $$$$$ to have it better than NIB.
You obviously won't ever get your money back out of it, but you don't care, it's what you want.
That is the fun of collecting pinball.
Quoted from statsdoc:I am thinking summer blockbuster as you described. I can't see how the Hobbit license is $30 for each pin given the amount of time that the reps from the movie have to invest in their interaction with JJP. I can see older themes. Didn't Jack say that the WOZ licence was $100k? I would have guessed that the Hobbit license would be closer to $500k or more.
Call me clueless.
Don't forget that licenses often include future products.
When Bally battled the movie studio over Space Invaders (stealing the Giger alien), they made a deal to license some future properties to settle it all out.
Also, remember when someone quotes some monster numbers in any public statement, they are giving you max potential and a lot of bragging.
In the late 90s when they announced that Madonna had the first "100 million dollar record contract" the public gasped, but the industry insiders knew that she would have to sell 10 million of each of her next 10 albums in the USA to actually receive that sum. Pretty unlikely, even for Madonna, LOL.
Quoted from RobT:I know of people who have had pins like HS2 and NoFear restored by one of the high end restorers for the reasons that you mention. How will demand for those titles being restored go up because of MMr and other potential B/W remakes?
If I buy a MMr, it will be in "perfect" condition ( to most people).
Money I might have spent on restoring a MM, can now be spent on restoring other titles that will never be remade.
-
Just like people said that MM would NEVER be remade, let's just revisit this thread in 2 years and see if HEP, NEO and I run out of work.
I say we won't.
-10/31/2013
Quoted from RobT:I guess that's where I lose you.
A restoration is about $6k. MMr is $8k.
Seems like I now have $2k LESS to spend on a restoration, not more.
Sure 6K for restoration + 12K for a routed game = $18k
So by my logic, that leaves 10K to restore or buy more pins with.
Quoted from caligirl:I also didn't wish ill will towards hi-fi stereo salesmen or repair specialists when the CD and eventually iPod had negative consequences to their business.
On the way to work, I pass a TV repair joint that still has painted on the side of their building "VCR REPAIR $99".
I often want to walk in with an old VCR and say "Darn thing just went out on me!".
Quoted from Tortelvis:This has got to effect sales of things like replacement decals, plastics, playfields, ramps, etc.
This is very true.
With the number of MM in the world about to double in the next year, the market for replacement parts will also expand.
It may take a few years until the MMr need many new parts, but the smart guys will be investing in dragon wings right off the bat.
Quoted from j_m_:vid:
I like how you left brYan out of that list. is mr.kelly leaving the restoration biz to get in on the ground floor making afgan's for pinball machines?
No slight intended.
I only listed restorers that I knew were completely flooded with work.
I have no knowledge of Mr. Kelly's current workload.
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