Throughout history, the term “Formosa” has been used to describe a variety of objects. One of its most well-known applications is the description of Taiwan, which Portuguese explorers who arrived on the island in the 16th century called Formosa. The word “beautiful island” (ilha formosa) in Portuguese is where the name “beautiful island” originates. Formosa is still used as a poetic name for Taiwan today, and many companies and organizations all over the world have embraced it.
Formosa Group, a recording studio established in 2013, is one such company. The Los Angeles-based studio offers post-production services for cinema and television, including sound design, mixing, and other services. A group of businesses, including the China Oceanwide Holdings Group and the Beijing-based TV and film production company, Filmko Pictures, own the Formosa Group. The company has worked on a variety of well-known projects, such as the movies Blade Runner 2049 and Dunkirk.
The figures might be very different when it comes to the financial aspect of running a recording studio. The average annual revenue for a recording studio in the United States is roughly $310,000, according to a 2018 analysis by IBISWorld. However, depending on the size of the studio, the services provided, and the location, this number could be significantly higher or lower. A high-end recording studio, for instance, could potentially generate millions of dollars in revenue annually in a major metropolis like Los Angeles or New York.
It can be challenging to launch a recording studio from start, both financially and logistically. Starting a recording studio can cost anywhere between $5,000 and $50,000 or more, according to a Musician on a Mission article, depending on things like equipment, rent, and marketing. However, with the development of internet collaboration tools and home recording equipment, it is now possible to launch a small-scale recording business with little capital.
Despite all of the recent developments in the music business, recording studios are still very much in use. Even if a lot of musicians can now produce and release their music totally on their own, there is still a need for top-notch recording and production services. In addition, recording studios can offer a cooperative setting where musicians can collaborate with knowledgeable sound engineers and producers to produce their greatest work. Recording studios will continue to be crucial to the music and entertainment industries as long as there is a demand for professional audio production.