MOPAC MEDIA is MOVING on May 15 and will immediately begin transitioning to a Cooperative structure, as defined by the Texas Business Organizations Code, title 6, chapter 251. This is good news for our community and many people are currently working on the coop formation.
Mopac Media started 15 years ago in 1998 by Kevin Triplett when he began work on his documentary on singer-songwriter legend BLAZE FOLEY. The only way he could afford the expensive equipment he needed to shoot the massive amount of interviews was to rent it out to other producers who needed it. Then in 2005 Mopac Media began renting equipment owned by other people like Shane Kelly and Bradley Beasley to supplement the increasing demand for equipment.
Without knowing it, Mopac Media began an experiment and the experiment turned out a success. Shane and Bradley are still renting their equipment through Mopac Media and everyone has benefited from the arrangement. Their equipment continues to earn money for them and our customers have access to their equipment. Over the past few years, we've added even more equipment from other customers.
But the old website made it difficult to add equipment. So we're launching a new website and making the coop model official. Over the next few months, the website will improve with new features and our inventory will continue to grow in size and diversity.
The website is absolutely the key to our transition. We'll continue to add new features over time. For example, one of the first new features planned is the ability for you to create an account so you can create quotes online 24/7 and submit those quotes for reservation approval.
So what all does being a coop mean to you? Many things, but most importantly you'll have access to more equipment and you can rent your own equipment through the coop, turning an expensive liability into an asset that makes money for you when you're not using it. And it's a way for the community to help each other in a safe and managed way.
2012 is the International Year of the Coop and Mopac Media is forging a new future for Austin cinema and video producers.