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by evanelias
2171 days ago
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Verizon attempted a similar content/audience strategy to Quibi several years ago, with their content platform called go90 [1]. Their pitch centered around the lack of 15-20 minute video content with high production values, and the assumption that this type of content would be successful with millennials and commuters. They burned over $1B and it was a colossal failure -- apparently so forgettable that none of the coverage on Quibi even mentions it. One major difference: go90 was a free service, and it was even zero-rated for Verizon Wireless customers (i.e. didn't count against subscriber data caps). Yet it remained a failure across several attempted pivots before Verizon threw in the towel completely. [1] https://en.wikipedia.org/wiki/Go90 |
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What a truly bizarre tack if that's what they really though. A "30 minute" TV episode is actually about 20-21 minutes minus the ads, intro, and credits.