RE:RE:Covid testing in film industryGreat @Resilience. I like numbers based speculations. Sounds plausibel to me. The potential with DM in 2021 is crazy!
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Torlif
Resilience19 wrote: @Gal, thanks for the firsthand insight!
Based on this alone (not factoring in any otherAI or C-19 business), given that, in Sept '20, DM was contracted by the production industry for $20M in C-19 tests over a (roughly) 6-month period, if demand has now, more or less tripled (test going from 1 to 3 per week), this (alone) would represent $60M per 6 mo or
$120M/year. Given that COVID is unlikely to go down much throughout 2021 - especially given the new significantly more contagious variants - we're looking at pretty crazy number, in the context where DM currently only has a MC of $50M.... Also need to bear in mind that DM is continuing to reach out to other industries (mining, airlines etc), which aren't factored into this $120M (productions) opportunities.
Potential numbers are pretty crazy...
GalAnonymous wrote: My husband works in the film industry: when they started in October they had one covid test a week, then a month later - 2 and since December they are getting tested 3 times a week. Apparently it costs 1.2mil a week to shut down his production and since covid cases are on the rise I wouldn't be surprised if they got tested every day. When you think how that translates into the revenue for DM with expanding their services to additional productions, the numbers are insane.