SAE SOLD !

[rick]

wierd news from lsst week for the week confirmed !
http://www.northernstar.com.au/story/20 ... roup-sale/

[Chris H]

................maybe he wants some cash to consolidate his Neve gear manufacturing?

[heathen]

Read between the lines, he said he "can't take it any further than he has". Really means "we have over saturated the globe with audio students and have milked it for all it's worth and...... ummm now we're movin on to bigger and better things before it crashes in the arse".

[waitup]

Navitas – Australia’s largest provider of bridging courses for foreign students

This is obviously where the money is...

[Ben M]

Ha now just say this in an Arnold Schwarzenegger accent. It's funny, try it.

Read between the lines, he said he "can't take it any further than he has". Really means "we have over saturated the globe with audio students and have milked it for all it's worth and...... ummm now we're movin on to bigger and better things before it crashes in the arse".

[Djembe]

A bit more info:-

http://www.smartcompany.com.au/buy-or-sell-a-business/20101215-education-group-navitas-buys-sae-group-from-former-rich-list-member-tom-misner-for-289-million.html

[Text_Edifice]

I know he's a cold-hard businessman but this just sounds sociopathic (from the smarcompany story):

Misner's business secrets were even examined in a book called The Misner Factor, in which he discusses his various clashes with others in the industry, his notoriously poor treatment of staff and his expansion strategy.

"Find a gap in a market, think big, look even bigger and provide a decent service. Then exploit the dreams of others to the full. With some luck, and a bit of commonsense... anything's possible, isn't it?" he says in the book.

[thephil]

Hopefully the staff will be better off $$ wise...

[jkhuri44]

Then exploit the dreams of others to the full

ha!!! its funny reading that, after telling everyone i know to leave audio school...in the words of the man himself.

nice one misner.

[Mark Bassett]

Navitas – Australia’s largest provider of bridging courses for foreign students

This is obviously where the money is...

Not any more, we have seen a MASSIVE drop in OS enrolments in this country, it's a absolute disaster for the education industry.

"Earlier this week, Monash University, Australia's largest international education provider, announced 350 redundancies in response to a 30 per cent drop in demand in its university preparation college, which relies on foreign students".

The gov has done this http://www.theaustralian.com.au/nationa ... public_rss to try and resolve it.

[Text_Edifice]

I read Navitas' comments on the acquisition as them wanting to diversify into 'local' education markets.

[rick]

i have just been talking to one of the monash guys while i was in melbourne working on some stuff last week , he took the offered redundancy after 25 years

what we have done without the obvious forsight now showing up as much needed in regards to our local universities and tax payers dollars
is australia has geared up and expand our universities to cater for the first and 2nd stream of non english students desperate for an "english speaking " education - this has happened world over as well its not just our plight

what the parents and country leaders of the non english speaking students have done subsiquent to that is build their own english speaking universities on home turf and offered employment to the best of the english speaking academia to run them !
we makes perfect sense to me now i think about it

combine 6 new mega english speaking unis in china and 5 in india with the near parity aussie / usa dollar and it didn't make sense to send your kids with out serious consideration to australia/england or canada for an education this and next year !

As for the sae... well nothing is straight forward when applying " the misner factor " is it ?

it could be great things for the rest of his crew or it could be troubled times on the horizon ... time will wash that out

did anybody notice that on the video on vintage kings website about the sae/ custom Neve .. it said just 1 1/2 months ago
something like
the new "Sae/Neve console " will be serviced and hold spares for many many years at your local SAE school so there is no need to worry about service ever !

well i wonder if the guy saying that knew that tom was selling the farm...?

hmm if your local SAE school isnt owned by your local neve mogal anymore and a public company decides the console thing is just getting to messy
what happens ..?

well i reckon your $50,000 is insignifcant compared to the numbers being bandied about for the sale of SAE so i reckon you take your place and stand in line accordingly

as for the new owners of SAE if they are not part of a global asset portfolio thing based in a non english speaking country i will be VERY surprised !

i have read the misner factor book cover to cover many times , i know Tom on a professional and courteous basis only
i suggest everybody interested read his book , you will then understand less then you currently do about the misner factor
its a strange read

[no-fi]

...only sold for 300 million? he should have organised with rick to do a TR auction!

[HA_DA_JA]

Is this where I list my personal copy of Tom Misners book here for $20 and free postage.
This was personally handed to me while I was studying in SAE. I should have got Uncle Tom to sign it for me.
It is an easy read and gives an insight to the early dealings of Tom.
Any takers?
Cheers

[Text_Edifice]

to clarify my previous post - SAE has campuses in or close to most of the regions Aus (and elsewhere) is currently drawing international students from. There is, in my experience, greater (though still not significant) demand and opportunity for the skill set that a uni degree in multimedia / sound / video production provides in SE Asia and other (rapidly) developing economies and that's where the market will most likely be for Navitas going forward.

One of the other interesting trends is Uni's from english speaking countries establishing campuses OS that offer their most popular degree courses to the OS market, staffed by english speaking lecturers at (I assume) lower cost and higher profit than delivering the equivalent training in Aus.

[Linear]

i have just been talking to one of the monash guys while i was in melbourne working on some stuff last week , he took the offered redundancy after 25 years

what we have done without the obvious forsight now showing up as much needed in regards to our local universities and tax payers dollars
is australia has geared up and expand our universities to cater for the first and 2nd stream of non english students desperate for an "english speaking " education - this has happened world over as well its not just our plight

what the parents and country leaders of the non english speaking students have done subsiquent to that is build their own english speaking universities on home turf and offered employment to the best of the english speaking academia to run them !
we makes perfect sense to me now i think about it

i'm not so sure about that. there are two things in my mind:

1) australia got a seriously bad rap with the bashing of indian students. in adelaide at least, it killed the indian student market by over 50%.

2) thanks to our mining sector, our dollar has overtaken most other currencies to turn our education sector from favourable to expensive. if you've got money and you're in china or india, you don't care about cost. so in essence, we're competing against europe and the US for foreign students, not with their local universities.

Getting foreign students is a good thing, not a bad thing. People mistakenly think that these people are taking our university places - they're not. Our tertiary institutions (and associated infrastructure in facilities and accommodation) have expanded rapidly because of foreign students paying top dollar. if they didn't come, our universities would be much smaller.

Australia is still highly regarded for education abroad, and probably always will be. But at the moment, the indians don't think it's safe and many people would rather go to the US, where they have the best Universities in the world for less money.

Chris

[rick]

yeah i understand chris
but the figures at monash need some explaining dont they..?
its not the exodus of indian students doing the damage apparently its the non enrolling in advance chinese sector

my notes on the subject are on a reported to me basis not my belief system

i dont have a great belief in 60 % of the universties courses i am aware of in australia
ithink the other 40 % are SO essential i just choose to ignore the whole
"tertiary education can be a huge waste of money while the kids grow up and wonder what to do with there lives fiasco " that rises in my mind from time to time

i figure is does so much more good then harm .. let it roll on
as for audio schools
whats that joke

how do you make in the studio business.?
....well you start at the bottom and work your way to the top

OR you spend 3 -4 years at an audio school and
THEN
you start at the bottom and work your way to the top

[jkhuri44]

how do you make in the studio business.?
....well you start at the bottom and work your way to the top

OR you spend 3 -4 years at an audio school and
THEN
you start at the bottom and work your way to the top

there in lies the scam.

[rick]

true education is never a scam
it may not be what you expected or feel like value for money at the time
and the formal route may take you places you never expected or nowhere at all
thats life

our own forum controller trm mainstay Mark Bassett just spent an unexpected week or two in montreal in the finest acoustic university labs in the world -
out of the blue ...!
helping count escaping sabines jumping out of their cages over diffused barbed wire fences or something like that
good thing i lent him my fishing boots so he could keep his feet dry - its cold in canada right now me thinks

if counting and tagging all those canadian sabines didnt teach him anything
i reckon he knows a shitload more about snow then he did two weeks ago
( you didnt actually know much about snow did you mark..? )
see an education in snow boots .. thats gotta be worth something
if skinning a feral sabine doesnt turn out to pay your bills

but even that little story bends mind about where education can take you if you seek it out

it doesnt seem very long ago i remember mark sitting in with me at turtlerock being very nervous about catching his first aeroplane trip ever
all the way to melbourne !
now he is jet setting to montreal at the drop of a hat ...
+1 for education .. of any kind
-1 for anybody that takes advantage of the dreams of the innocent

[rick]

err note to self
please explain to the forum members

" sabines are measurement terms for acoustic stuff
not really feral furry canadian fur coat wannabes "

[Kurt]

I like the german one better.

err note to self
please explain to the forum members

" sabines are measurement terms for acoustic stuff
not really feral furry canadian fur coat wannabes "

[rob]

geez, I wonder if my chances of the SAE paying my invoices on time has just improved or diminished?

[Text_Edifice]

So far my music tech degree has taken me around the world working on some very interesting projects with some amazing people.

In the last six months I have been to seven countries and am currently trying to figure out the logistics of research trips to south-america and asia in the next year.

I'm not working full-time in a studio but I am working with music and audio tech constantly and applying what I learned in my degree.

It's not where I thought I wanted to be when I started out - actually much more interesting.

[Chris H]

Navitas – Australia’s largest provider of bridging courses for foreign students

This is obviously where the money is...

Not any more, we have seen a MASSIVE drop in OS enrolments in this country, it's a absolute disaster for the education industry.

"Earlier this week, Monash University, Australia's largest international education provider, announced 350 redundancies in response to a 30 per cent drop in demand in its university preparation college, which relies on foreign students".

The gov has done this http://www.theaustralian.com.au/nationa ... public_rss to try and resolve it.

With the massive investment in accommodation for OS students, this is bound to have an impact on the local accommodation market. Around Deakin Uni there are several several new student accommodation building projects on the go at the moment.

[toddd]

i'll remember not to go to the byronian next time i'm in byron anyway.

was there a couple weeks ago and was wondering what all the late middle aged obviously wealthy guys (some with grey ponytails) sitting near me were doing. hanging at misner's bro's cafe!

[The Tasmanian]

Whats happening to 301 in Sydney?
Is that sold too?

[Ben M]

Whats happening to 301 in Sydney?
Is that sold too?

I'm pretty sure it remains a tax write off for you know who.

[The Tasmanian]

Ohhh - what a write off it would be!

[ether]

So why not start up TurtleSchool, for all of us on the fringes of the industry who are SAE-skeptical but would pay up for *real* education. 10 people, $200 bucks each, Turtle Rock-n-Roll Mastering 101 on a Thursday night?

Or more trouble than it's worth to do something that isn't core business?

[Alistair]

So why not start up TurtleSchool, for all of us on the fringes of the industry who are SAE-skeptical but would pay up for *real* education. 10 people, $200 bucks each, Turtle Rock-n-Roll Mastering 101 on a Thursday night?

Great idea! I'd be pretty keen on "mixing masterclasses" too- 5-6 people bring a long a mix each, and everyone listens and offers some criticism, headed up by a paid adjudicator/expert. Would be pretty fun!