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Production I.G and Studio Wit President George Wada




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Mr. sickVisionz



Joined: 28 Oct 2007
Posts: 2175
PostPosted: Mon Dec 05, 2022 1:00 pm Reply with quote
Quote:
The newly minted president and CEO of Production I.G is also serving as president of Studio Wit,..

George Wada: So I became the CEO of Production I.G, but I am also still the CEO of Wit Studio


As an American and purely based off of how American companies work, being the president/CEO of two rival companies that are competing in the same space seems insane. It's like Coca-Cola and Pepsi having the same CEO. When you're in Coke mode, you're trying to crush Pepsi and when you're in Pepsi mode you're trying to claw away market share from Coke them.

It seems like an super, ultra, omega, obvious, undeniable, how tf is this possible conflict of interest that could only be explained by in Japan, blatant oligopoly is legal.

It's wild. It seems like it would be easy for him to convince one to do a merger with the other for the most simultaneously horrible/optimal terms possible.
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joac101



Joined: 31 Aug 2016
Posts: 62
PostPosted: Mon Dec 05, 2022 1:26 pm Reply with quote
But they're both subsidiaries of IG Port so it's much more plausible than your example of 2 completely separate entities....

Mr. sickVisionz wrote:
Quote:
The newly minted president and CEO of Production I.G is also serving as president of Studio Wit,..

George Wada: So I became the CEO of Production I.G, but I am also still the CEO of Wit Studio


As an American and purely based off of how American companies work, being the president/CEO of two rival companies that are competing in the same space seems insane. It's like Coca-Cola and Pepsi having the same CEO. When you're in Coke mode, you're trying to crush Pepsi and when you're in Pepsi mode you're trying to claw away market share from Coke them.

It seems like an super, ultra, omega, obvious, undeniable, how tf is this possible conflict of interest that could only be explained by in Japan, blatant oligopoly is legal.

It's wild. It seems like it would be easy for him to convince one to do a merger with the other for the most simultaneously horrible/optimal terms possible.
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ANN_Lynzee
ANN Executive Editor


Joined: 02 May 2011
Posts: 3031
Location: Email for assistance only
PostPosted: Mon Dec 05, 2022 1:28 pm Reply with quote
Yeah...Production I.G and Wit Studio aren't competitors. They're sister companies. It's more comparable to say Coca-Cola and Minute Maid having the same CEO.
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KitKat1721



Joined: 03 Feb 2015
Posts: 974
PostPosted: Mon Dec 05, 2022 2:29 pm Reply with quote
Great interview and props to those involved in conducting it!

I'm not gonna lie, I had to read his answer about working conditions a couple times because point A (an ever-increasing higher demand for new anime) and B (better work life balance for employees) sure don't seem to match up in my head despite his efforts to explain it...
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SaitoHajime101



Joined: 31 Mar 2013
Posts: 285
PostPosted: Mon Dec 05, 2022 5:54 pm Reply with quote
KitKat1721 wrote:
Great interview and props to those involved in conducting it!

I'm not gonna lie, I had to read his answer about working conditions a couple times because point A (an ever-increasing higher demand for new anime) and B (better work life balance for employees) sure don't seem to match up in my head despite his efforts to explain it...


The way I understood it is the correlation between high revenue equates to being able to be picky about which contracts Wit/IG takes, which means less crunch time essentially. I assume previously they would higher contractors on the cheap to meet the number of contracts they had concurrently. This creates long hours and under-paid staff. Now the revenue is high, they can afford to relax the working conditions and hire people at a better rate which fits the high standards they have set with the anime they create.

The company I work for is actually going through this problem right now. We're a software development company, however we higher on the cheap because the profit margins aren't there to pay what A-list developers deserve. Not saying we pay less than minimum, but that does happen in certain non-dev positions in the company I work for to expand profits which will then funnel back into the company to expand our marketing and clientele.
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liatris



Joined: 28 May 2019
Posts: 67
PostPosted: Mon Dec 05, 2022 8:36 pm Reply with quote
KitKat1721 wrote:
Great interview and props to those involved in conducting it!

I'm not gonna lie, I had to read his answer about working conditions a couple times because point A (an ever-increasing higher demand for new anime) and B (better work life balance for employees) sure don't seem to match up in my head despite his efforts to explain it...


1. Increased demand for anime production
-Production companies will be able to choose their jobs

2. increase in series
-Because you can contract for a long period of time, the company's finances will stabilize, and you will not need to receive a large amount of orders from the same institution for fear that the animation will disappear.
If there is no future outlook, it is necessary to prepare for the period when there are no projects by receiving a large number of projects. In that case, the personnel will be adjusted by hiring freelancers.

If 1 and 2 happen at the same time, surely at least the people in that company will have higher wages and a better work-life balance. If 1 occurs and 2 does not occur, wages will rise, but work-life balance will not improve. If 2 happens but 1 does not, work-life balance will improve but wages will not increase.

It makes sense to me.
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lehuy0210



Joined: 03 Aug 2022
Posts: 13
PostPosted: Tue Dec 06, 2022 2:34 am Reply with quote
Mr. sickVisionz wrote:
Quote:
The newly minted president and CEO of Production I.G is also serving as president of Studio Wit,..

George Wada: So I became the CEO of Production I.G, but I am also still the CEO of Wit Studio


As an American and purely based off of how American companies work, being the president/CEO of two rival companies that are competing in the same space seems insane. It's like Coca-Cola and Pepsi having the same CEO. When you're in Coke mode, you're trying to crush Pepsi and when you're in Pepsi mode you're trying to claw away market share from Coke them.

It seems like an super, ultra, omega, obvious, undeniable, how tf is this possible conflict of interest that could only be explained by in Japan, blatant oligopoly is legal.

It's wild. It seems like it would be easy for him to convince one to do a merger with the other for the most simultaneously horrible/optimal terms possible.
what ? I.G and WIT different approach for fans not competitive
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