CNET reports that video sharing site
Revver is up for sale for the bargain price of $300,000 to $500,000 - an extraordinary low price, at the bottom end, it's no more than I paid for my Southsea Terrace. Potential buyers should be aware that the firm comes with over a million dollars of debt and an operating loss that has been hemorrhaging venture capital since the start. It seems more likely it'll go under.
Revver's claim to fame was as the first video sharing site to split advertising revenue with content providers and scored an early viral hit with
eepybird's "Extreme Diet Coke and Mentos experiments". Howver revver never managed to sustain the sort of mass viewership that youtube seemed to amongst it's bviewers. EepyBird's most famous clip got over 11 million views. However Eepybird's most recent clip garnered a mere 2,000 odd views (some clips get that many views on youtube by accident!)
One much vaunted internet serial was
Pink: The Series which had real production values, a name star (Pamela Anderson's former co-star Natalie Raitano) and a catchy "watch the next episode" narrative designed to hold an audience, yet it only managed to draw 20,000 viewers per episode on Revver. The producers of Pink also posted the
episodes on Youtube where the first episode picked up two million viewers (it has to be said, later episodes didn't do anything like as well, while still surpassing any of Revver's figures - the first episode's success probably had more to do with being featured on Youtube's front page for a week or two than anything else.)
With numbers like that, Revver wasn't generating the money for itself, its producers or the advertisers. Meanwhile, Youtube is still drawing the big "audiences", and producers might feel that getting a million views but no money on Youtube was still worth more than the small amount of money that they might they would get from Revver. (At a glance I'd say Pink cost several thousands of dollars to make, and has earned a few hundreds from Revver, which hardly seems worth the effort.) Part of Youtube's success is its focus on the social networking aspect: commenting on/responding to videos, sharing, having "friends" and a home page. etc. Revver focused on attracting a "higher class" of content provider with better quality video and revenue sharing. Revver recently added some of those youtube style features too, but rather too late, to general apathy on the part of viewers and some trepidation from content providers- did they really want anonymous surfers leaving "this sucks, d00d" messages under the fruits of their labour? Meanwhile with it's crappy 200kb/s, 320x240 lo-fi image, Youtube is still raking the hits in!
In the end, part of Revver's legacy is that it forced the other video sharing sites to take producers seriously and start sharing the vast amount of revenue they were making out of other's hard work. And in that respect, they can always say they were the first.
Why is this important? More later...
Labels: distribution, revver, web video, Youtube