Oh dear, another shameful, yet somehow typical story of unpaid artists and workers in general.
Variety columnist David S. Cohen writes about a VFX studio in Montreal called Fake Studio (gee, that name is foreshadowing). Cohen hits the nail on the head when he writes “…the false premise that people start vfx companies to be business owners. Most people who go into vfx do it for the same reason people become actors: They love the work. But when they fail as businessmen, the result is too often misery.”
All too often, businesses fall into debt and hope to pay it off by reaping future revenues. This in turn becomes a vicious cycle.