Riot and Method Studios to Combine Operations
Ascent Media announced that Santa Monica based Riot and Method are officially combining operations beginning January 1st. Method will be moving its operations into the current Riot location — and the facility will do business under the Method name. A trip by the facility this week shows that the Riot sign has already been removed from the front facade. Alex Frisch, co-founder and managing director of Method, will continue overseeing the Los Angeles and New York operations of Method.
This was actually somewhat foreshadowed back in October, when Method and Company 3 announced a collaborative partnership between the two companies. While not necessarily a direct response to the current economic conditions, the current move does make sense in that the merging of the two very similar companies could yield cost savings for Ascent.
The next logical question would be that in this economic downturn — do the benefits also include cost savings such as artist or staff layoffs? It’s a question we posed to Ascent. “The primary goal of bringing Riot and Method under one name is to streamline services and provide a consistently high level of service to our clients,” says Stefan Sonnenfeld, Senior Vice President, Ascent Media Group and President & Managing Director, Company 3. “We will also continually look for ways to improve efficiencies, however, we are not yet in a position to discuss any staffing changes that may arise as part of the consolidation.”
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