The early 1990s made us face the limits of the business we’d built.
Starting as a production company in 1983, we made a TV series for the Playboy Channel and promos for TV networks and record companies. Soon we’d evolved into the only company branded cable channels; we’d introduced the idea to our former employers and clients at MTV and Nickelodeon. In 1988, Nickelodeon asked us to become their advertising agency. MTV and other clients soon followed.
At first we loved it. After a couple of years, we came to loath it.
The creative and strategy work was fabulous, when we could actually do it. Our lives had become the grind of supporting the overhead of over 40 people, constantly defending ourselves to clients who’s businesses we’d built from scratch, and constantly looking for new business.
Worst of all, Alan and I had stopped actually working together, the reason we started the agency in the first place. We were managing teams and arguing, not about the work (which would have been fine), but about the guarding of some real or imagined disputes between the members of our respective charges.
And the business of advertising agencies was getting stupid. Clients were coming to the conclusion that they could do much of the marketing strategy themselves, sometimes even the creative. There was constant downward pressure on fees, with the standard —15% of the media spend— coming down more than a point a year. The agency reaction was basically to combine in gigantic roll ups to protect themselves. Fred/Alan itself had buyout offers coming more rapidly every year.
I called Alan one night in February 1992 and before our conversation was over we’d agreed to announce the closing of Fred/Alan the next morning. We had a party for all our current and former colleagues at our offices on lower Broadway, a lot of laughs and tears were had, and locked the doors for good in May.
—Fred
0 comments Tagged: invitation, self promotion, closing,.We started having Christmas parties in 1985 because it was so damn hard to figure out which clients and hope-to-be-clients to give presents to, and exactly what to give them. We figured it would probably cost us the same to party and everyone would be happier anyhow. The first year we rented out the Museum of Radio & Television; everyone thought we were classy. Then a roller disco; they thought we were fun.
By ‘87 Fred/Alan had morphed into a bona fide advertising agency and we were so horrified at the thought a great party was in order. Luckily, Ed Levine and Noel Frankel had joined our ranks. Ed had recently produced one of the best Dr. John records ever and thought he could talk the good Doctor into our budget on an off night for the band. Noel, a brilliant art director, knew about our soul music obsession and one day in a planning meeting did the invitation illustration completely with a Wite Out brush tip!
We rented out a belly dancing joint on 8th Avenue, put out some checkered tableclothes, catered soul food from Sylvia’s, and Fred/Alan raised the roof on the greatest R&B club north of the Mason-Dixon. From then on our parties were legendary.
……
Fred/Alan Rhythm & Blues Christmas Party
Live music by Dr. John
Soul food from Sylvia’s
Featuring: “WE’LL HAVE A BLUE, BLUE CHIRSTMAS WITH (OR WITHOUT) YOU”
Come with the one you turn to when you’re blue…
Monday, December 14, 1987
6-10pm
Illustrated & designed by Noel Frankel
