Vessel is a somewhat reasonable YouTube Competitor that is used by Tek Syndicate, LTT and many other YouTubers to monetize content. well not anymore. no more exclusive content like what LTT does.. it's been bought by verizon and shut down. every subscriber who pays for content will be given a refund.
Seems as thought Verizon desired to purchase Vessel only to 'cherry-pick' the best parts of Vessel to further their own corporate goals (read greedy) in the communications-sphere.
The 'Endlösung' comes to mind when musing about Verizon, and its dominance on the communications front (make the competitors obsolete, and Verizon rules supreme)
deal with it
Considering the state of YouTube politics this is very bad... now what!?
Time to head to Vimeo
Vessel was obviously receptive to the buyout, so the "corporate goals" were largely the same. It wouldn't surprise me if that was the goal from the beginning; i.e., build up a competing platform and sell it off.
I'll wager that Verizon wants those assets for some upcoming streaming service served by them. They didn't dump all of those Fios customers without a plan to replace it with some other, more profitable service.
I'll also add that... yes, this is bad.
With the amount of money they were giving out, I can't imagine they were even close to profitable. Just consider the fact that LTT got enough money to basically double their construction plans...DOUBLE. Plus, there were much larger payouts to content creators in general (compared to YouTube) and them not having quite as many paying subscribers as they would like. I'm sure a buyout was the goal from the beginning. The fact that they are shutting down almost immediately is also a good indicator that they were hemorrhaging cash.
I just wish it would have been a smaller company that would have bought them out. Verizon is a behemoth. The industry really doesn't need another massively-vertically-integrated media corporation like Comcast.
Its so they can push their GO90 thing that no one uses.
Allready there, since 2 years.
That's just the Illuminati pyramid bro.
(also, i am amused the firefox spell checker has the word Illuminati in it lol )
So much anti-competitive behavior going on these days. Companies merging and buying out each other.
EA does the same thing. Damn these big businesses.
Buying and assimilating smaller companies for the tech they have is a pretty common practice. It isn't all that strange imo for something like this to happen. The strange part of this is why Verizon wanted Vessel. Are they looking to get a streaming platform set up? Maybe I am out of the loop, but I haven't heard anything about them wanting something like that, but I guess they do considering this rather expensive move.
While i agree this is bad
I can only imagine how salty Linus is lol
I think LTT will be fine. They seem to have diversified well enough in terms of where they get their money. Say what you will about LTT, but Linus seems to manage their business pretty well for a tech channel.
To the OP, I never used Vessel. But in general, less competition is bad.
I also heard that AT&T is planning on buying Time Warner for 86 billion? That sounds pretty damn scary. Big acquisitions in the tech world as far as communications go (phone, Internet, etc) just generally means bad things for consumers.
this is amusing thought. So they are gonna give CHARTER -- the people who own timewarner REF WIKIPEDIA... 86 billion for it?
also Read folks. This should come as no surprise. This isnt a tinfoil point of view LOL. it really is the truth that most fail to see
@Kat you may open a thread about the telecommunications scandal and the story of the big three if you would like and use these photos of a convo. Just reference who they came from is all i ask.. Its actually a good topic. Something not everybody knows (astonishingly)
Never used vessel but it really isn't a competitor to YT imo, it was really just a way for youtubers to let fans use the service to see videos earlier and have the channel make a bit more money. Never really understood the concept tbh.
Idk why I find it so funny what Verizon did.
Verizon "Hey can I buy your vase"
Vessel "Yea sure man, what do you want it for?"
Verizon "This!... *smash"
Vessel "Da fuq?"
Federal Trade Commission:
"We have free phones from Verizon for our Christmas bonus!"
ROFL
wow no wonder they the tek went up in flames lol.