Vessel - The New Early Access Paid Youtube Subscription
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@nadnerB said:
@thanksajdotcom said:
@Carnival-Boy said:
So the MangoLassi Venture Capital arm has given is a unaminous thumbs down. I now expect Google to buy it for $10bn in 12 months time
Why would Google buy something from Youtube when it owns Youtube?
Well, look at it this way, Google bought youtube 10(+?) years ago and it still hasn't turned a profit
http://www.wsj.com/articles/viewers-dont-add-up-to-profit-for-youtube-1424897967With the amount of ads that it shows, how can it not be profitable?
I don't trust anything from WSJ. That's not a reputable paper to people in the know. I know people who work there and they can't give subscriptions away internally. It's nothing but a worthless ad platform. Articles are all BS in there.
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@nadnerB said:
@thanksajdotcom said:
@Carnival-Boy said:
So the MangoLassi Venture Capital arm has given is a unaminous thumbs down. I now expect Google to buy it for $10bn in 12 months time
Why would Google buy something from Youtube when it owns Youtube?
Well, look at it this way, Google bought youtube 10(+?) years ago and it still hasn't turned a profit
http://www.wsj.com/articles/viewers-dont-add-up-to-profit-for-youtube-1424897967Every article that talks about this is using the WSJ as its source. I haven't seen anything to corroborate it. From a few articles it looks like Youtube became profitable to Google in late 2010.... although there doesn't appear to be any official numbers released.
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@coliver said:
@nadnerB said:
@thanksajdotcom said:
@Carnival-Boy said:
So the MangoLassi Venture Capital arm has given is a unaminous thumbs down. I now expect Google to buy it for $10bn in 12 months time
Why would Google buy something from Youtube when it owns Youtube?
Well, look at it this way, Google bought youtube 10(+?) years ago and it still hasn't turned a profit
http://www.wsj.com/articles/viewers-dont-add-up-to-profit-for-youtube-1424897967Every article that talks about this is using the WSJ as its source. I haven't seen anything to corroborate it. From a few articles it looks like Youtube became profitable to Google in late 2010.... although there doesn't appear to be any official numbers released.
I remember hearing that Youtube wasn't profitable 5+ years ago... Considering Scott's words.. I'm guessing Google just never bothered to announce anything officially different, so that old story just gets recirculated.
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@coliver said:
Every article that talks about this is using the WSJ as its source. I haven't seen anything to corroborate it. From a few articles it looks like Youtube became profitable to Google in late 2010.... although there doesn't appear to be any official numbers released.
LOL. WSJ everytime I've read it is just ridiculous. Stating things that are so commonly known to be wrong (like announcing new technologies that people have been using for years as if they were just invented) and assuming that their audience are complete morons. It's possible that this info is true, but if the WSJ states it, there is no more reason to believe it to be true than if we'd never heard of it.
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@Dashrender said:
I remember hearing that Youtube wasn't profitable 5+ years ago... Considering Scott's words.. I'm guessing Google just never bothered to announce anything officially different, so that old story just gets recirculated.
YouTube is part of a bigger value strategy. There is a wide variety of ways to define it as "profitable." And Google is unlikely to tell anyone when a division is or isn't profitable. But considering their model, it's hard to believe that it isn't very profitable.
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VideoInk reported it as profitable back in 2013.
http://www.thevideoink.com/news/youtube-profitable-2013-revenue-falls-short-estimates-report/
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I don't get it and I would pay for it. But, TV Stations are soon planning to do the same thing.
The New contracts we got made mention of it as well as the fact that instead of getting paid normal flat rate contracts where we get paid a flat amount 50% up front, 50% when deliverables are handed over is changing. They plan on using this "early access" to gauge audiences and see how they like content. depending on how well the show/episode contractors work is in does in the early testing would be how they pay you. The more view and higher ratings the more you get paid (to a limit) but you could also be paid nothing. This is very risky for people like us who have no involvement in the actual outcome of shows. We could potentially spend a lot of money and see none of it back. It also will not make people "produce better content" as the distributors is hoping, it will just make them loose money to produce any content. This is why we are considering stopping at the end of our current contracts and liquidating our gear. It's just not worth the risk for us and we've been at this since we were in Highschool (though we interned at another company then).
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@thecreativeone91 said:
I don't get it and I would pay for it. But, TV Stations are soon planning to do the same thing.
The New contracts we got made mention of it as well as the fact that instead of getting paid normal flat rate contracts where we get paid a flat amount 50% up front, 50% when deliverables are handed over is changing. They plan on using this "early access" to gauge audiences and see how they like content. depending on how well the show/episode contractors work is in does in the early testing would be how they pay you. The more view and higher ratings the more you get paid (to a limit) but you could also be paid nothing. This is very risky for people like us who have no involvement in the actual outcome of shows. We could potentially spend a lot of money and see none of it back. It also will not make people "produce better content" as the distributors is hoping, it will just make them loose money to produce any content. This is why we are considering stopping at the end of our current contracts and liquidating our gear. It's just not worth the risk for us and we've been at this since we were in Highschool (though we interned at another company then).
^ That makes me mad. That means that less people will be making the content of those sites but they will be making more content to fill demand. In he end we will have more stuff but less quality stuff by several orders of magnitude.
Ā
Where's my bucket of slap?! :rage1: -
@nadnerB said:
@thecreativeone91 said:
I don't get it and I would pay for it. But, TV Stations are soon planning to do the same thing.
The New contracts we got made mention of it as well as the fact that instead of getting paid normal flat rate contracts where we get paid a flat amount 50% up front, 50% when deliverables are handed over is changing. They plan on using this "early access" to gauge audiences and see how they like content. depending on how well the show/episode contractors work is in does in the early testing would be how they pay you. The more view and higher ratings the more you get paid (to a limit) but you could also be paid nothing. This is very risky for people like us who have no involvement in the actual outcome of shows. We could potentially spend a lot of money and see none of it back. It also will not make people "produce better content" as the distributors is hoping, it will just make them loose money to produce any content. This is why we are considering stopping at the end of our current contracts and liquidating our gear. It's just not worth the risk for us and we've been at this since we were in Highschool (though we interned at another company then).
^ That makes me mad. That means that less people will be making the content of those sites but they will be making more content to fill demand. In he end we will have more stuff but less quality stuff by several orders of magnitude.
Ā
Where's my bucket of slap?! :rage1:I think content creators will move to other mediums to produce for. While Youtube carries the same risk it has been shown that if your content is good people will watch it and you will get ad-revenue for it. This encourages people to make good content. You can also time your own episodes and release more of them per "season". There are also other video sites that are experimenting with different revenue streams for content creators.
