Certainly the rise of DV has made equipment ownership more
widely affordable for many shooters and editors, but if your needs
run to typical camera packages weighing in at $300,000 and up, and
editing systems costing tens of thousands of dollars, for some
facilities and independent filmmakers renting is still the smartest
alternative.
The classic and well-known benefits remain — renting is
cheaper than buying, it's fully tax deductible (no amortization),
you don't have maintenance costs and headaches, you have access to
the most up-to-date equipment, and you always have access to
equipment that suits the job. Consider a cinematographer who needs
a camera that records sound for one project, and a camera that
doesn't record sound for his next project. “Just right there,
this person would have to own two different types of
cameras,” says Lon Stratton, owner of Detroit-area Stratton
Camera Inc., which specializes in motion picture camera
equipment.
Stratton states that more of his customers today are renting
Super16 format cameras, and attributes that trend to the increasing
popularity of HDTV. In Chicago, Tom Fletcher says that his
customers have increasingly been asking for 24-frame progressive
(24p) high-definition systems.
In fact, according to Fletcher, his company's decision to get
into the high-definition market is responsible for the 30 percent
increase in growth he expects his company will achieve for 2000.
“Getting into the HD game 2 1/2 years ago was an important
decision for us,” Fletcher says. “We're a big player in
HD, and we have been since the early days, when Sony came out with
its new HD camcorders. Without that, I don't know how much we would
have grown. The Screen Actors Guild strike hurt Chicago pretty bad,
and a lot of companies here were slowing down. But HD carried us
through that.”
An additional benefit to renting is being able to access highly
trained people who can recommend equipment that's appropriate to
the task at hand, and/or who know how to run the equipment
themselves. “Software versions change almost
quarterly,” notes Yosef Yosifove, president of Orlando-based
Video Central, which provides computer-based film, video, and audio
tools and services nationwide. “Having access to the latest
and greatest equipment has substantial ramifications in terms of a
speedier workflow and better productivity, but only if you know how
to use it.”
For busy facilities that rent equipment for every project they
work on, some rental companies, such as Video Central, offer
special leasing programs as an alternative to renting.
“Rentals are for the short term, generally less than a
year,” Yosifove says. “Once you're renting for more
than a year, you might want to consider leasing.”
Video Central's leasing programs enable customers to rent
equipment with an option to purchase it at the end of the lease
period. “A lot of our clients are acquiring their systems on
an operating lease, which is basically a long-term rental,”
Yosifove says. “One benefit to this type of lease is being
able to expense all your payments. Another is you're not married to
the technology at the end of the lease. You can return the old
system and start a new lease with an up-to-date system.”
How to Choose?
If you're planning to rent equipment for your next project, what
should you look for in a rental company?
One important quality, according to Bob Zahn, president of
Manhattan-based Broadcast Video Rentals, is availability 24 hours a
day, seven days a week. “We think this is very important in
case you have problems, you need extra equipment, or you need to
switch the equipment you rented to something else,” he
says.
Another criteria to consider is longevity in the business.
“Film equipment is sensitive and requires a lot of care. The
ability to service and maintain equipment correctly takes years of
experience,” says Stratton. “Even a low-budget film
shoot is expensive. You don't want your equipment to break down and
bring to a grinding halt a shoot that could be costing your
customer thousands of dollars a day.”
A third quality is knowledge. “It's important that the
company you rent from knows its equipment and can deliver it to you
the way you want it set up,” notes Fletcher. “You can
set up a camera in so many different ways. If you don't know much
about the equipment you're renting, you don't want to have to play
around with it in the field, trying to learn how to set it
up.”
Zahn concludes that customers should also check to see if the
company they're considering renting from belongs to the Production
Equipment Rental Association (P.E.R.A.; www.productionequipment.com), a global trade
association whose members are among the top suppliers of
professional film/motion picture and video/television production
and post-production rental equipment.