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ExplodingTNT

Vessel acquired and shut down by Verizon

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Posted (edited) · Original PosterOP

Verizon has announced that they will be buying video startup Vessel (used by LTT, among other popular channels) and shutting it down.

 

Quote

Verizon said Wednesday it is buying the technology behind Vessel, the short-form video firm started by former Hulu CEO Jason Kilar.

The telecom giant is acquiring Vessel’s product and technology, but plans to shut down the Vessel service. Kilar won’t be joining Verizon long-term, but his co-founder, Vessel CTO Richard Tom, will become the CTO for Verizon’s digital entertainment efforts, including its Go90 mobile video service.

I wonder what Linus will think of this...

Well, it's bad for LTT because they won't be able to make money from Vessel subscribers anymore, but it also marks the end of the one-week exclusivity that messed with Youtube viewers.

Quote

As for Vessel subscribers, Tom said annual subscribers will get a prorated refund, and all customers will get October free. Tom declined to say how many people had signed up for Vessel’s service.

Well, at least Vessel subs will get refunds...

 

Source: http://www.recode.net/2016/10/26/13428014/verizon-buying-vessel-jason-kilar

 

EDIT: Here's the email sent out to Vessel subscribers, courtesy of @Muffinator

 

Spoiler

Subscriber,

Nearly 18 months ago we launched Vessel with the goal of creating the best place to watch content from your favorite creators across all your devices. Today, we are announcing that our team will continue on with this mission as part of the team at Verizon, the largest wireless service provider in the US.

With this change, we will be sunsetting Vessel and the service will go offline on October 31st, 2016. As a current annual subscriber, you will be automatically refunded for the remainder of your subscription starting with the month of October, and your account will not be charged again.

Thank you so much for using Vessel and being part of our community.

The Vessel Team

 

Edited by ExplodingTNT
Added Vessel's email to subscribers
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Posted · Original PosterOP

 

1 minute ago, stuntguy3000 said:

Maybe YouTube Red might be utilized by LTT as a replacement for this? 

 

But why would Verizon shut down Vessel, as far as I am aware they don't have competing products. 

YouTube Red isn't even available in le Canadia so I don't see how LMG would sign up, seeing that they are located in Canada...

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3 minutes ago, Crashbash111 said:

 

Yeah I was just about to post about it. RIP :(

Well someone posted this like an hour ago, but the topic was moved to the programs category, IDK why

 

EDIT: Posted 6+ Hours ago but moved.


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Full quote from an email sent to Subscribers:

Quote

Subscriber,

Nearly 18 months ago we launched Vessel with the goal of creating the best place to watch content from your favorite creators across all your devices. Today, we are announcing that our team will continue on with this mission as part of the team at Verizon, the largest wireless service provider in the US.

With this change, we will be sunsetting Vessel and the service will go offline on October 31st, 2016. As a current annual subscriber, you will be automatically refunded for the remainder of your subscription starting with the month of October, and your account will not be charged again.

Thank you so much for using Vessel and being part of our community.

The Vessel Team
 

 


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Posted · Original PosterOP
Just now, RadiatingLight said:

Well someone posted this like an hour ago, but the topic was moved to the programs category, IDK why

Because it didn't follow the News section guidelines.

 

BTW moderators, I hope I didn't mess up this topic, it's my first time :P

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4 minutes ago, stuntguy3000 said:

Maybe YouTube Red might be utilized by LTT as a replacement for this? 

 

But why would Verizon shut down Vessel, as far as I am aware they don't have competing products. 

Verizon has go90. 


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and that's why we can never have nice things, i was finally moving away from youtube and this happens, like what the hell??? are you kidding me?!


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Verizon joins the ranks of att, microsoft, and ea in buying up companies and destroying them.


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I just got the email about this and instantly thought of what this means for LTT. I guess we'll be going back to YouTube only which is fine I guess, very curious to see how they will talk about this on WAN this week

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@nicklmg well I'm sure you guys have more info on this than us (especially you in particular Nick as you handle most of the business aspects), guess we'll her the full scoop on wan


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So, if they will continue their work, does that mean that Verizon will launch their own service?

 

Also what's gonna happen with the rights for NerdSports? @nicklmg


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Not sure why they needed to announce they'll shut it down as well. Might as well read "Verizon adquires Vessel, shuts it down and takes a shit right on every subscriber's face"


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4 minutes ago, JAKEBAB said:

This is awesome news!! Finally going to see the watercooled ps4 :)

Was waiting for you to post :D


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