Vidme is shutting down

[LateLesley]

 

Quote

Goodbye for now

Vidme came a long way as an independent platform, but we couldn’t find a path to sustainability. We’re building something new.

https://medium.com/vidme/goodbye-for-now-120b40becafa

 

Just seen a youtube channel I follow announce this. I thought it was worth posting, in case folk have content they need to backup. 

 

I wanted to search to see if it had been already posted, but couldn't find a forum search option?? Can someone educate me on how to do this? 

 

 

[Guest]

I honestly never knew it existed A shame that another YouTube competitor has fallen though.

[Guest]

4 minutes ago, LateLesley said:

I wanted to search to see if it had been already posted, but couldn't find a forum search option?? Can someone educate me on how to do this? 

For desktop: If you scroll to the top, there is a search box in the top right.

For mobile: Tap the menu button in the top right, then click the search icon.

[LienusLateTips]

2 minutes ago, tjcater said:

For desktop: If you scroll to the top, there is a search box in the top right.

For mobile: Tap the menu button in the top right, then click the search icon.

999 posts! Screenshot 1000

[LateLesley]

*slaps forehead* Thanks tjcater. I've found it now, only shows when i'm scrolled all the way to the top. Plus, I had a bit of software which may have hidden it. Thank you for the help.

[Guest]

4 minutes ago, JDE said:

999 posts! Screenshot 1000

I, I have finally broken past this barrier! Great, now I need to hit 10k....

Spoiler

Is this what you meant

 

2 minutes ago, LateLesley said:

*slaps forehead* Thanks tjcater. I've found it now, only shows when i'm scrolled all the way to the top. Plus, I had a bit of software which may have hidden it. Thank you for the help.

No problem, glad to have helped.

[LienusLateTips]

4 minutes ago, tjcater said:

I, I have finally broken past this barrier! Great, now I need to hit 10k....

  Reveal hidden contents

Is this what you meant

 

No problem, glad to have helped.

As in, your 1000th post.

 

We should stop getting off-topic.

[Guest]

Just now, JDE said:

We should stop getting off-topic.

How do you feel about the fall of vidme

[LienusLateTips]

Just now, tjcater said:

How do you feel about the fall of vidme

I hate when internet service shutdown.

[NoRomanBatmansAllowed]

Wait... it already failed? Wasn't this supposed to be the up-and-coming underdog that was going to destroy youtube?

[Neutrideo]

I have used it a couple of times, i didnt really like it.

[GOTSpectrum]

Most new tech start ups have this issue, the sillicon valley model, spend like hell and hope you make enough waves for a big firm to come buy you out. Unfortunately, for every project that actually gets bought up, 10 more are doomed to fail. 

 

This is why I like FP, it has sustainability designed into it from the get go, they know you can knock youtube of the throne, so why try.

 

P.S. even Youtube barely makes a profit, and they are HUGE! 

[Taf the Ghost]

2 minutes ago, Ben Quigley said:

Most new tech start ups have this issue, the sillicon valley model, spend like hell and hope you make enough waves for a big firm to come buy you out. Unfortunately, for every project that actually gets bought up, 10 more are doomed to fail. 

 

This is why I like FP, it has sustainability designed into it from the get go, they know you can knock youtube of the throne, so why try.

 

P.S. even Youtube barely makes a profit, and they are HUGE! 

YouTube has never made a profit. It's actually been an illegal anti-competitive operation by Google since they bought it. It's something people don't really get and why Google never segments the information out. Google has subsidized the existence of YouTube to the tune of over 10 Billion USD, possibly more, for the last decade.  YouTube finally started making decent revenue a few years ago, but they're still very far in the Red.

 

The Model doesn't work. You need some form of paid model for storage and high-level use, along with "Free" being with Ads and "Ad-free" being a normal user option. The biggest issue is that users are used to the subsidization of Video Content on the Internet. To the tune of Billions. 

[GOTSpectrum]

4 minutes ago, Taf the Ghost said:

YouTube has never made a profit. It's actually been an illegal anti-competitive operation by Google since they bought it. It's something people don't really get and why Google never segments the information out. Google has subsidized the existence of YouTube to the tune of over 10 Billion USD, possibly more, for the last decade.  YouTube finally started making decent revenue a few years ago, but they're still very far in the Red.

 

The Model doesn't work. You need some form of paid model for storage and high-level use, along with "Free" being with Ads and "Ad-free" being a normal user option. The biggest issue is that users are used to the subsidization of Video Content on the Internet. To the tune of Billions. 

Technically, we don't know if YouTube makes a profit or not. Google doesn't publish that information. But market analysists seem to think thanks to the rise of mobile view they are now in the black. 

 

I'd search and link some articles if I could be bothered.

[Taf the Ghost]

20 minutes ago, Ben Quigley said:

Technically, we don't know if YouTube makes a profit or not. Google doesn't publish that information. But market analysists seem to think thanks to the rise of mobile view they are now in the black. 

 

I'd search and link some articles if I could be bothered.

If Google split it out, they'd find a way to remove most of the infrastructure costs from YouTube's filings. The move from "Google" to "Alphabet" was something of a preemptive move anyway. They've had clear liability for Anti-Trust violations with they way they subsidize YouTube. YT spent until, it seems, around 2012 just being a pit where they had to throw billions into to survive. Lots and lots of deals later, YT is the only platform left because bandwidth costs took time to keep drop far enough so the per-view expenses got low. 

 

I'm still not convinced Mobile Ad rates are that much better than Desktop, though if Mobile is running at a lower bandwidth cost, that does help the bottom line.

 

A YT competitor probably needs another 4-5 years of Internet development before the upfront costs are low enough to really work, but there's no Ad-model that'll work. You need a Freemium model. You also need transaction costs to drop. Though the Trump Administration dropping an Anti-Trust case against Google would also help a YT competitor.

[TheNOOBOfficial]

to me they failed because they limited the amount you could upload in a week, they also limited the quality you could upload as well, a weekly limit of 3gb isn't even a single video for me, so if i can only upload one video a week its just not worth my time

[8uhbbhu8]

I've used it a bit. One of the youtubers i watch had it as a secondary platform

[Matu20]

We need a competitor for youtube, hopefully something rises up.

[ravenshrike]

Nooo, who will host DBZA now?

[matrix07012]

 

5 hours ago, Matu20 said:

We need a competitor for youtube, hopefully something rises up.

Maybe BitChute or PewTube?

[LinusTech]

Yeah this was visible from miles away... Knowing what we now know about video hosting costs it's impossible for me to look at a project like that as anything but absolutely crazy. 

[danieltien]

35 minutes ago, LinusTech said:

Yeah this was visible from miles away... Knowing what we now know about video hosting costs it's impossible for me to look at a project like that as anything but absolutely crazy. 

But does Floatplane have the scaling and traffic costs part figured out? If YouTube even runs at a loss, does that mean FP content creators have to shoulder the costs or are they supposed to be covered by member subscription fees?

[Taf the Ghost]

1 hour ago, LinusTech said:

Yeah this was visible from miles away... Knowing what we now know about video hosting costs it's impossible for me to look at a project like that as anything but absolutely crazy. 

A real competitor to YouTube is still many years away from being viable. And no one is every going to replicate the way they operate. Given the distribution likely among views, the top 100 YouTubers are somewhere around 80% of all YouTube's net revenue. YT hosts millions of hours of unprofitable video, but everyone is used to Google subsidizing their Videos.

 

Over the next 5-10 years, as bandwidth & storage drops, some "open" competitor will eventually rise to the top. But we're still some space from that. This is part of why YouTube is running content creators that have followings but aren't really "ad friendly" away from the platform. It's both content censorship and better for their business.

[Taf the Ghost]

1 hour ago, danieltien said:

But does Floatplane have the scaling and traffic costs part figured out? If YouTube even runs at a loss, does that mean FP content creators have to shoulder the costs or are they supposed to be covered by member subscription fees?

YT runs at a loss because the mass majority of videos never get over 1000 views. YouTube lets people upload 10 hour videos. That's never profitable. Freemium models will work if you have a fan base.

[Bigbootyjudy]

I think I used this site once and I remember that it was riddled with ads and it was filled with pirated movies so I'm not surprised that its shutting down