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TrendWatch Fast Fact: New Business Opportunities

Business opportunity in hiring new employees is at an all time high By Jim Whittington, TrendWatch Inc.
TrendWatch logoIn this weekly quick feature, TrendWatch founding partner Jim Whittington offers you interesting factoids based on market research from the broadcast and graphics industries. This week, see how studios and facilities are increasingly hiring new employees and characterizing this job creation as a business opportunity.

Fact: One out of three studios (31%) cite hiring new employees as a top new business opportunity in 2005

Why should you care?
If youve been reading Fast Facts for a while, you know that this number has been steadily climbing. This tells us that studio/facility owners and executives see their people as a key to getting new business. Also for many studios, hiring new people signals added capabilities to serve existing and new clients. Overall this is good news since most studio decision makers do not hire new employees without the project growth to support them. Four years ago, 16% of U.S. studios cited hiring new employees as a new business opportunity; two years ago this number was 27%. Producers, sales report, videographers and editors top the list of job titles that studios are looking to hire.

-- Excerpted from the TrendWatch Visual Effects/Dynamic Media Report Issue #5, Summer 2004 and TrendWatch databases.


These market facts are based on original TrendWatch market research with executives and business owners in the TV/Broadcast and visual effects industries. You can  reach the TrendWatch Partners, Jim Whittington and Dr. Joseph Webb via e-mail at, or visit  the company's Web site at

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Related Keywords:TrendWatch, Jim Whittington, factoids, market research, broadcast, graphics industries, studios, facilities, hiring new employees, job creation, business opportunity

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