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5-Year-Old Hosting Service AllMyVideos, No Longer Profitable, To Shut Down (torrentfreak.com)
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.
Sorry to see it go.
This must be super popular because I've never heard of it.
"Unprofitable business model leads to business not making enough profit"
Honestly, where's the news or the shocking surprise.
A high-end, tech-heavy hosting site that you can upload stuff to for free, and share to people for free, and they can all watch it for free, not making money? Amazing.
And their premium offering gave you:
- Ad-free access and no waiting
(So you pay to make the ads go away)
- No daily streaming limitations
(Amazing - how much time do you think one person will spend on such a website streaming videos from it exclusively, such that they will pay to remove the restriction?)
- Unlimited parallel downloads
(Ooooh... so I can download more than a handful of videos at the same time. Or just do a few and wait)
- Upload larger files - up to 5GB
(5Gb of MP4 is a LONG movie)
- Files never removed due to inactivity
(Except if the company goes bankrupt...)
- Special dedicated servers just for PREMIUM Members
(Oooh! But if the free service was shit, nobody would bother to pay for the premium one anyway)
- Mobile access - iPhone and Android
(You mean I can watch videos on my smartphone too!?)
- Download original files
(You mean I can download the thing I'm watching?!)
- Upload more files simultaneously
(See "Unlimited parallel downloads")
- Create custom links to track traffic
(Because there's no other way to do that)
- Ultimate file security with AES encryption
(WTF does that even mean in the context of a video-sharing website?)
Amazon Prime? People queried why I bought it. Because my usage pattern makes it have value enough for me even if theirs doesn't.
But what these people have made is a pay-for YouTube. One of thousands of them. A website that's incredibly annoying to download anything significant from, and would confuse people for even casual use (e.g. your family video), and which nobody with a brain would ever pay for against other sites offering the same or more.
And I imagine the costs of DMCA takedowns alone would wipe out anything that you've got coming people. People will badly abuse a site like this, and maybe even pay to do so, just like any other file download site.
Where was the profit, ever?
There should be a register of people who have owned a company with a turnover over a certain amount, which later closes business, so that you can deny these people ever running a business again.
One of the biggest reasons for AllMyVideos (and a number of other similar sites) to exist is for hosting all the copyright-violating stuff that the big boys like YouTube and DailyMotion detect and block.
And the sort of people who seek out such content are exactly the sort of people who are least likely to pay AllMyVideos any money and the most likely to use whatever combination of blocking software and tools are necessary to avoid the annoying ads (after all, one big reason why they want to find the stuff online rather than watching it on TV is because they want to avoid all the ads TV gives you)
So its not surprising that AllMyVideos is failing (not getting enough people paying for premium stuff and not getting enough people viewing their ads either)
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.
the actual reasons are mentioned in the article that you obviously didn't bother to read.
Are you new here?
Sendmail is like emacs: A nice operating system, but missing an editor and a MTA.
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)
Maybe I'm living under a rock, because I've never heard of this site. I thought YouTube was pretty popular.
Chewbacon
The Bible is like Wikipedia: written by a bunch of people and verifiable by questionable sources.
As long as ads systems are an avenue to infiltrate and infect systems with malware do not expect blocking to be unjustified by the user.
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.