The 5 Biggest Streaming Failures Of All Time
Companies like Netflix have amassed tens of billions in revenue while more and more consumers are cutting the cord.
Although Netflix is seen as the industry’s posterchild, many have tried to replicate its success – and failed colossally.
Here are the 5 biggest failures the world of streaming has seen thus far.
Quibi focused on short-form mobile content. After raising close to $2 billion in funding, the founders shut it down just 6 months after launch.
News channel CNN invested over $300 million to launch its streaming service, which folded less then a month after the unveiling.
Machinima was a content creation network on YouTube. Warner Bros. bought it for $100 million in 2016 but shut it down a mere 3 years later.
Hooq aimed to become the Netflix of Southeast Asia. Investors lost over $130 million when the service closed after 5 years (2020).
Seeso was a streaming platform focused on comedy content. At its peak, it had 300,000 paying subscribers. NBCUniversal shut it down after investing $60 million.
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