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> Seems like a dramatic announcement if this was just a big downsizing. A dramatic announcement? Their announcement was a few tweets on Sam Reich personnal twi
by dwild 7y ago
> Seems like a dramatic announcement if this was just a big downsizing.
A dramatic announcement? Their announcement was a few tweets on Sam Reich personnal twitter, which ends with this sentence: Independent comedy lives on -- just now more independent (gulp) than ever before.
What's dramatic was all the interpretations from everyone else (which does makes sense to see 90% layoff as something dramatic).
This is clearly a shutdown for IAC (though seems like they kept a minority stake, so they probably still have a tiny sliver of hope), but from my interpretation, this is simply a big downsizing for Sam Reich.
They got 15m+ total subscribers over a bunch of their channels, that's enough to support a team much bigger than 10 employees (Linus Media Group can support 30 with 10 millions subscribers) and on top of that they got Dropout.
- gowld 7y agoSubscribers is a weak measure because some channels produce one new video a month and some produce a video or more every day that only a portion of subscribers watch.
- dwild 7y agoYou got a good point there, CollegeHumor only got 2/3 of views than Linus Tech Tips and their production cost are clearly higher. Should still allow to pay for a smaller staff and hope that they can get enough out of Dropout to pay for higher production. Most of what they do can be done with minimal production cost though, so there's still cut that can be done on that part I'm sure.