RED Slows New System Development
Feb 23rd, 2009
-------stolen en masse from Digital Production Buzz--------
According to a blog posting by Jim Jannard:
I see no reason to continue to pay for rapid development and pushed schedules when the world is not ready to buy our product in the quantities that justify our urgency. Sure... there are many that will pay now for Scarlet and EPIC on time deliveries. But the volumes we had counted on to support our massive overtime effort to get this done quickly... just aren't there. Retail camera sales are currently off 40-50%.
We are continuing to progress, but now at a normal rate. My decision. I expect this to impact delivery schedules somewhat.
Read the entire blog posting here.
