OK, so what’s the deal with the CEC (current economic climate)? Everyone’s panicking left, right and centre and it’s hard to know which way is up. And in fairness - the panic isn’t completely without merit.
I work in an ad agency, and lived through the 9/11 worldwide financial dip, which famously hit advertising agencies very hard. The reason being, is that advertising budgets are the first things that get slashed (that, and nose hair waxing apparently). Those lovely exotic film shoots with the fancy helicopter shots, cappuccinos and first class flights tend to go out the back door while economy class and instant coffee slips in through the front door.
So where does this leave voiceover artists? Is everyone going to be shaking a tin cup in ‘09?
Well, there’s actually a number of factors at play here, and I foresee a few different things happening. Firstly, there will be less money wastage, so we’ll probably find that clients are less likely to splurge money to demo a range of different artists for a gig. They might just want pick one VO and hope for the best.
Secondly, TV budgets will probably get slashed. This might mean nothing to the voiceovers, because no matter how high or low a budget is to produce a TV ad - you’re still going to need a voice over at the end, punting the product.
Another thing which might happen is that clients shoot fewer TV ads. This could also mean they re-use last year’s ad. Great for the voiceover: you get paid again without even having to set a foot in the studio. Or perhaps, in the case of campaigns - they might only shoot 1 or 2 ads for the campaign as opposed to 3 or 4. Obviously - this would mean less money for the voiceover. Or, god forbid, they just don’t shoot an ad at all this year.
The big ripple effect, if less TV ads were being made, is that clients will still need to sell their products somehow. The medium of radio has always been considered TV’s poorer cousin - and has also been considered a very hard-hitting, good value for money medium. My prediction is that clients will be forced to put more of their advertising budgets toward radio. So instead of shooting one fancy TV ad per year, they might rather run 5 different radio ads throughout the year.
I’m hoping that things will kind of cancel each other out for voiceovers in ‘09. What you lose on TV, you’ll gain on radio.
Think about it - did you notice the airwaves suddenly free of annoying ads during the 9/11 slump? No friggen way. The ads might become less slick, and high-production-value like - but as long as there are products to sell, there’s going to be some company trying to peddle them off onto the unsuspecting public. And they will need just the right voice to do it.
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