Showing posts with label Robert Hymers. Show all posts
Showing posts with label Robert Hymers. Show all posts

Monday, March 18, 2019

All Are Partners in Ushering in Second Bill of Rights

All Are Partners in Ushering in Second Bill of Rights


By Robert Hymers

In the midst of World War II (a war that would claim over 73 million lives), Franklin D. Roosevelt gave the State of the Union Address on Tuesday January 11, 1944, to the American People where he proposed a Second Bill of Rights. The country had weathered the Great Depression and the war along with Roosevelt’s New Deal had pulled the country out of the most severe economic decline ever experienced in America. Included in his vision for the future of America was housing for everyone, as a Constitutionally guaranteed right. FDR’s words that night must have been comforting to the many Americans fighting in the war that would soon be coming home to an uncertain future. Now 75 years later, the sentiments expressed by FDR are perhaps more meaningful than ever as so many have been left behind. California has a swelling homeless population affected by underemployment or unemployment that is skewed toward many protected classes of people.

The promise of Government providing housing has almost universal appeal. The promise of eliminating hunger or any other discomfort is certainly a noble pursuit. However, when it comes to housing, American government housing programs have met with varying degrees of success. FDR envisioned government sponsored housing and in the many places where this has been implemented, housing projects frequently become dens of crime and dangerous neighborhoods. But there is something very noble in FDR’s mission statement to address humanity’s hierarchy of needs. Housing being fundamental to the well-being of any life and a core plank in the foundation of every functional family.

Marginally successful as an owner operator Government’s crucial role in solving the housing crisis better serves society by focusing on policy decisions to reduce restrictive regulations by speeding up the permitting process, streamlining development reviews, and reducing development impact fees.

Many private companies have made it their mission to remediate this issue. As a consultant for Eco Innovation Group Inc. (OTC: ECOX), I have been on the front line helping to provide a solution for this pervasive issue. We are focusing on cost effective and practical solutions. Here, I have found a place to exercise my passion on this issue because as a native Californian, it saddens me that my state has been left behind. Federal policy over the past two decades has marginalized California, while at the same time many states place the homeless on buses and ship them over to take advantage of our mild winters and take advantage of our plenteous resources. But California, known for innovation in entertainment, real estate development, technology, cannabis and many other sectors can lead America in solving this crisis. Pressures are often the catalyst for innovation.

I have been advising my clients on solutions to meet the challenges. California boasts some of the most expensive real estate in the country but there are underdeveloped areas that public transportation has made viable alternatives for affordable housing. Other areas can be developed as transportation funding extends the reach to remote vacant desert land. Another area of innovation revolves around underutilized, green friendly and affordable building materials like hemp (hempcrete), and use of pre-fab modular homes to reduce construction time and costs. But building and land costs are not the whole issue. Operating costs of buildings must be designed to minimize cost of energy and other utilities. The more we are able to drive costs lower the more people our housing can serve.

We are certain that once we refine the business model for California that other states and companies can take advantage from what we have learned, as they have in the past on other issues. Perhaps more of their citizens can remain local when they hit a financial bump in the road instead of being shipped to more temperate climates. Housing could keep families closer to each other and improve the quality of their lives when it is constructed affordably and in close proximity to family and friends. Government needs to do more to make increased home-ownership a priority, especially in California. Washington D.C. and Sacramento can do more to help us drill down to a definitive solution by offering more rebates, tax incentives, better access to capital, subsidies, land, as well as more publicly funded programs to encourage economically challenged people to embrace home ownership.

FDR’s vision still eludes many Americans today but encouraging companies (like ECOX) to join FDR’s fight will one day provide housing for all. His good intentions of making housing a basic human right may never be achieved by government alone but all of us working together in both the private and public sectors can usher in an era free of homelessness.

Opportunities in Film Have Never Been Better

Opportunities in Film Have Never Been Better

By Robert Hymers

I have spent time working in film industry as an Executive Producer on two award winning films and I can honestly say that the playing field for film has never been more level. Years ago major studios controlled development of projects. They put millions of dollars into a variety of projects to spread out their risk. As some of those projects acquired attachments because of the power of the screenplay or subject matter the decision to greenlight a project was relatively simple. Today, these models only exist for very large budget films and there may be as many as a dozen people that end up writing the screenplay some of which are credited and some of which work as ghost writers.

Big studios gravitate toward the larger franchise pictures because they need guaranteed revenue from audiences that are built-in on their films. The recent mega acquisition of Fox by Disney creates the largest superhero studio that has ever existed. Now the possibilities are endless for big budgeted films that relive every possible comic book plot and many new ones as well. The people that make these films are a virtual cartel. Breaking in is almost impossible but that shouldn’t discourage you from making your mark in film.

High-tech companies have descended upon Hollywood. The Westside Pavilion has been taken over by Google, The Culver Studios has been taken over by Amazon, and Netflix has the master lease on Raleigh Studios. The digital era of film is upon us. Now more than ever independent filmmakers have opportunity to create content that can connect with an audience. Additionally, YouTube provides access to content creators to create a following. Channels that blow-up on YouTube get consideration to become the next television shows.

Distribution was once a mysterious business. Content creators were never really sure how to get their films to market. Many distributors kept the accounting fuzzy so that revenue never really came back to investors. Today, content creators can distribute their content directly through Amazon or Google. Additionally, there are a number of aggregators that are able to get films on platforms ranging from Hulu, Netflix, Amazon, Google Play, iTunes and many other platforms. This creates a much more level playing field for the content creator. Foreign distribution is a bit more complicated but there are lots of reputable companies today that can navigate the opportunities in the various countries that may be right for your film.

I advise my clients in entertainment to engage my services early so that the revenue model can be established to take advantage of tax credits, co-production opportunities, and casting to maximize the revenue potential of their film. Some of the distribution companies that I work with provide financing. The two award winning films, Skin and The Kindergarten Teacher, that I produced were released through PaperChase Films. I serve as the CFO of the company. Previously, in my career at Ernst and Young, Lionsgate was my tax client. That has given me rich experience to draw upon in my current film and television endeavors. In addition to my position at PaperChase I advise many clients in Entertainment. Best practices must be established early on to account for the monies spent and provide the mechanism to recapture investment and then to pay out profits. These are areas that I have vast experience establishing for my clients.

 Naturally, the content must be compelling as audiences now have many choices when it comes to what to watch. They are becoming more sophisticated but the tools to make quality films have never been more affordable. Drones, digital cameras, and technological advancements have put tools into millions more content creators than have ever existed before. Moderate budget films are able to be made in almost any genre.

 So if you are thinking of getting involved in any aspect of film, I can help you achieve your goals. I am here to advise my clients to avoid the pitfalls. I am also here to help them maximize their opportunities to grow as content creators.