GoPro Slashes 15% of Workforce, Shuts Down Entertainment Division (variety.com)
GoPro has announced that it will lay off more than 200 employees and freeze hiring, amounting to a reduction of about 15% of its workforce. As part of the restructuring, the company is also shutting down its entertainment division. In addition, the company said president Tony Bates will be leaving the company. From a report on Variety: Also Wednesday, GoPro also said Black Friday camera unit sales were up more than 35% year-over-year at leading U.S. retailers. GoPro said its Hero5 Black camera has been the best-selling digital-imaging device in the U.S. since it launched Oct. 2, citing NPD Group data. GoPro shares climbed more than 4% in premarket trading Wednesday on the news. The move appears to spell the end of the struggling company's ambitions to branch out beyond device sales into the entertainment biz, which had included plans to produce original shows. The GoPro entertainment unit has been led by Ocean MacAdams, who previously held programming posts at MTV, Warner Music Group, and the Madison Square Garden Co., after Zander Lurie left in January to become CEO of SurveyMonkey. The division at one point had about 200 staffers, including Bill McCullough, who produced award-winning sports documentaries for HBO, and Joe Lynch, who previously led Time Inc.'s live-streaming initiatives.
Sell GoPros to the low-blood-in-the-brain pot smokers from the previous article, who will make crazier videos and in turn promote the GoPro brand? /be a hero
GoPro equipment is madly expensive. You can buy a knockoff such as an SJCAM with similar capabilities for a small fraction of the price. If you buy GoPro, you're paying out the ass for the name.
I got one as a gift, back when "action cameras" were a new thing and I was still rigging up conventional digital cameras, and it failed for no apparent reason a couple years ago (my best guess is maybe heat from the sun killed it, although it didn't have any telltale LCD rainbowing). I already had a lot of gen1 GoPro accessories so I bought one used to replace it, but next time I have to replace or upgrade I'm going to go with a knockoff.
"When information is power, privacy is freedom" - Jah-Wren Ryel
Now if they just change the terms of service that the license that the user grants to GoPro is just for their site and that any content uploaded by the user will not be used anywhere else without the express written permission from the user, would give them a perpetual low cost advertising medium.
Most people producing video have the occasional lucky shot that attracts attention but the people who take the time to edit and tell a story are not likely to post it on a site where the terms of service allows them to monetize the video any way and anywhere they choose.
DRM? No thanks, I'll just get it somewhere else...
Every overpaid hipster now has one, nobody's buying any more GoPros.
Well, except for the iPhone.
And the Samsung Galaxy line...
And probably the Pixel.
But if we exclude multi-function imaging devices....
Got one as a present. Videos look nice butc I learn that;
Getting quality footage is hard and gets in the way of the activity.
I'm not a cameraman and should never quit my day job to become one.
There's always some fucking annoying mount to get, fix, attach or remove.
Batties, storage and lens dirty are always an issue.
There's far better options online and most people would not care much to see yours because "awesome" stuff is like garbage these days.
There's a fuckton of shit to do with the money a GoPro is sold for these days.
I am not a hero and neither is 99.999% of people.
A 'singular oddity' is an event that cannot be explained and only happens when you are alone.
owners are allowed not to take responsibility for the lives of their slaves.
It is ok if someone dies, but not ok to lower profit.
There is a dilemma - a slave can increase profit, but not at the expence of a murdered incompetent owner.
When a company does one thing really, really well, they should probably stick to that. GoPros really are the best action cameras around. That's what they're known for. If the company owner wanted to start a side business creating original entertainment content that's fine, but it shouldn't have been under the GoPro name, or connected directly to the company.
I wonder if anyone will record/stream the meeting where they are getting fired.
How does something this insignificant even make the news?
to sell overpriced shit seems to not last long...
For many years now I've been using a Contour action camera when skiing to chronolog my vacations. I've found it much more pleasant to use than a GoPro, for a short while they were technologically ahead (they bluetooth connectivity first), and you don't look like a damned Teletubby wearing one. Video quality is excellent, too. If something happened to it, I would replace it with another, I would not buy a GoPro.
I love how GoPro keeps trying to put a positive spin to it.... of course, those statements were made for shareholders.
"GoPro also said Black Friday camera unit sales were up more than 35% year-over-year at leading U.S. retailers"
Up more than 35% on Black Friday and in the year they finally released a new line after two years... that's little to nothing. Last year they had no new products to show, and the hype was already dead... I'd say a 35% increase from last year is still a defeat - GoPro Hero 5 launch didn't have much of an effect.
"GoPro said its Hero5 Black camera has been the best-selling digital-imaging device in the U.S. since it launched Oct. 2, citing NPD Group data"
What's a digital-imaging device? A special category created for GoPro? Because it sure doesn't figure in the best selling cameras category, and on camcorders previous models seems to be selling more than the current (at least according to Amazon)... because price.
"GoPro shares climbed more than 4% in premarket trading Wednesday on the news"
Climbing 4% from this close to the historical lowest it has ever been is not much... just search for GoPro stock price and set the graph to 5 years.
Truth is, the company stock has been in freefall since August last year... the new releases managed to stop it a bit, but not reverse the trend.
The hype is over. GoPro needs to lower prices, cut the fat, and reinvent itself. Too bad the Karma thing failed hard though...
It's bad for all those people losing jobs, but unfortunately, if GoPro keeps going the same way it has been, they won't be able to recover. Honestly, I think it's still not enough. They'll need to come up with a completely new concept for the next line that really goes out of the original mold. Return to their core idea. Offer a new more portable than ever camera that is cheaper than any other brand and accessible enough for anyone to get.
If the GoPro Hero 6 is anything like a GoPro Hero 5 with spec updates, the company will be dead right after it.
Not that I like that... GoPro helped bring prices of action cameras to the absolute lowest, made the competition work hard to offer similar products, and made an entire category of camcorders a thing. Technology for the line of camcorders improved quite a lot over the years thanks to their initial evolution. They promoted extreme sports in a way never seen before, and their cameras were used for a bunch of cool new stuff. But the company has to go to a new direction and not try to re-invent the wheel right now, or it'll soon be too late.
You do realize, do you not, that a camera sucking donkey balls, would be awesome GoPro footage!! Upload that to YouTube or Vimeo right now! Give the people what they want!!
https://www.youtube.com/watch?...
Who needs a homing beacon to find it again ?
Just ask the pigs from the pig-pen where it fell...
"Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]