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5-Year-Old Hosting Service AllMyVideos, No Longer Profitable, To Shut Down (torrentfreak.com)

Posted by msmash on from the all-good-things-come-to-an-end dept.

Founder five years ago, AllMyVideos.net is one of the most popular video hosting services out there, but it will be shutting store this month. Though millions of users visit the website every month, the company said it operated on "minus 20 percent" profit margin. "We are sorry to inform everyone that effective October 23, 2016 Allmyvideos.net will stop accepting new uploads and the site will close fully at the end of the month," the site announced.

5 of 59 comments (clear)

  1. Re:Yet again... by GrumpySteen · · Score: 3, Insightful

    The federal interest rate has absolutely nothing to do with a business failing after five years of losing money. Some of the actual reasons are mentioned in the article that you obviously didn't bother to read.

  2. And you can thank all the ad blocking for that by Anonymous Coward · · Score: 0, Insightful

    This is what happens when careless consumers ad block and don't consider the ramifications of how they're taking the only revenue source away from the web services they love to use. It's a shame it went out of business. It's not surprising and if you ad block, it's your own fault. The online ad business has been beat to shit over the years and it's tough enough to make a profit as a web service these days, never mind ad blockers. People ad block proudly like they're smart for doing it or whatever. Not smart - online is only medium, unlike TV, print, radio or streaming audio services, that has to tolerate ad blockers. Go ahead, keep blocking ads and kill the free web. No biggie, right?

    1. Re:And you can thank all the ad blocking for that by war4peace · · Score: 4, Insightful

      Blocking ads came as an effect. The cause being obnoxious ads.
      It was a run to the bottom (top?) since then.
      Ads became more obnoxious, ad blockers became more complex, and so on, and so on.
      Of course, some websites would fall. Is this users' fault? Only if you look no further.

      --
      ...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
    2. Re:And you can thank all the ad blocking for that by Anonymous Coward · · Score: 2, Insightful

      If people aren't willing to be bombarded with ads to pay for a service, then the service is poorly designed business.

      An ad-supported business is not "the free web," it's just another business.

      You can choose to be deliberately obtuse and skip over how bad the ad serving racket has become, but you should save that for an audience of non-technical people.

  3. Re:Really? by ledow · · Score: 3, Insightful

    5-year-old website nobody's ever heard of, with no business plan, little to no profit ever and obvious misuse for piracy that offers yet-another-file-download service bouyed up for even that long by a handful of ads.

    vs

    100-year-old bricks-and-mortar, household-name geek store, which we all have nostalgia for the local equivalent of, slowly pushed out of the high street, as a sign of declining necessity and changing use of technology, after a long-established and massively profitable business in many countries for nearly a century, until last year.

    Yeah. Same thing.