That article is paywalled, but what Dixon wrote is cryptic.
“It is no longer cost-effective for us to distribute our digital content the way we have done previously,” Vice CEO Bruce Dixon said in the memo, which was seen by NBC News. Vice Media did not immediately respond to emails requesting comment on Thursday’s news.
Dixon added that the company would now “look to partner with established media companies to distribute our digital content, including news, on their global platforms, as we fully transition to a studio model.”
Sounds like they are going to transition to just video content because they can make more licensing videos than publishing content online and relying on ad/stream revenue.
Sounds to me like they’re going to sell their journalism (studio) to other companies rather than release it themselves (distribution). Kinda like if Netflix created a TV show but then sold the streaming rights to Disney.
That article is paywalled, but what Dixon wrote is cryptic.
https://www.nbcnews.com/news/us-news/media-plans-cut-hundreds-jobs-stop-publishing-flagship-website-rcna139997
What is he even talking about? What is a studio model?
They’re going to only release direct to VHS content.
Maybe they’ll sell stuff to other platforms rather than be a platform. But I’m just guessing.
Sounds like they are going to transition to just video content because they can make more licensing videos than publishing content online and relying on ad/stream revenue.
Sounds to me like they’re going to sell their journalism (studio) to other companies rather than release it themselves (distribution). Kinda like if Netflix created a TV show but then sold the streaming rights to Disney.