Yahoo loses on Community, where to now…?
Yahoo loses $42m, unable to monetise its online original shows, raising questions about future for Joel McHale comedy.
The outlook for Community is not so promising with reports today that Yahoo lost $42m on it -along with original series Sin City Saints and Other Space– as it couldn’t effectively monetise programming.
“We thought long and hard about it, and what we concluded is (for) certain of our original video (series), we couldn’t see a way to make money over time,”CFO Ken Goldman said.
“We’re not saying we’re not going to do these at all in the future. But what we are saying is, in three cases at least, it didn’t work the way we had hoped it to work, and we’ve decided to move on.”
Creator Dan Harmon has recently said without chief marketing officer Kathy Savitt, who championed the show within Yahoo, it may struggle. Savitt has joined independent studio STX Entertainment as president of its digital unit. In August Joel McHale also said, “There is just not enough money to be able to pay for the show” before back-tracking on its demise.
Yahoo picked up Community after the show was axed at five seasons.
However Variety reports that a Community movie is still in play — with or without Yahoo.
Community‘s most recent season premiered in Australia on Stan.
Sin City Saints and Other Space are both on PLUS7.