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They own the right to distribute it for 2 years. For everything that isn't Seinfeld or Friends, 2 years probably is 99% of the revenue. As long as Quibi does a
by Traster 6y ago
They own the right to distribute it for 2 years. For everything that isn't Seinfeld or Friends, 2 years probably is 99% of the revenue. As long as Quibi does a decent job of selling those licenses they'll probably recover some of their investment. Oh, and by the end of 2 years Quibi will either be bankrupt or a $100b company, so it's not like it mattered to Quibi.
- pg_bot 6y agoIn my experience, $100b companies tend to be owners of things and not renters. Why would you pay multiple times for something when you were the ones who took the biggest risk in creating it?
- Nextgrid 6y ago> you were the ones who took the biggest risk in creating it? They weren't the ones though. They had a lot of investors who swallowed this (flawed) business model whole and decided to bankroll it. The people at Quibi don't have to care and likely got away with a decent chunk of $$$ regardless of the outcome. Sometimes I wonder if I should actually attempt all the business/project ideas I don't think would ever work. Dress it up with some marketing and a "good" pitch deck and let some suckers bankroll it. Best case scenario I'm a multi-millionnaire, worst case I've still got enough to retire on and it seems like the industry doesn't see these kinds of astronomical failures as a bad thing so I don't even have to sacrifice my career/reputation.