Vessel (website)

Vessel Group, Inc
Type of site
 Video hosting service
Founded January 21, 2015
Headquarters 660 4th Street, San Francisco,
California, United States
Area served Worldwide
Owner Verizon Communications
Key people Jason Kilar
Richard Tom
Industry Internet
Video hosting service
Parent go90
Website vessel.com
Launched January 21, 2015 (2015-01-21)
Current status Closed (Acquired by Verizon)

Vessel was a commercial video service launched in early 2015 by the team behind Hulu, including former CEO Jason Kilar and Richard Tom.[1][2] Vessel was acquired by Verizon on October 26, 2016 and was closed on October 31, 2016.

Company history

The service resembled that of YouTube, whereby a viewer could watch videos for free. However, viewers could add "Early Access" at a $3 monthly or $20 annual fee to their account, which allowed them to view videos a minimum of 72 hours before the video is released to the general public.[2] Vessel then created mobile applications for iOS and Android devices which optimized the videos for mobile viewing. The idea behind the site was that creators would be able to gain more revenue from their videos than on YouTube due to the subscription fee as well as advertisements.[3]

Since the site was created, YouTube stars such as LinusTechTips, Craig Benzine, Connor Franta, Doug Walker, Caspar Lee, Tanya Burr, Good Mythical Morning, Epic Meal Time, Super Best Friends Play, Marcus Butler, Kent Heckel, LaToya Forever, Delaila Johnson, Tre Melvin and Jack Vale signed up to have their content streamed on Vessel.[2]

Vessel was acquired by Verizon on October 26, 2016, and was closed on October 31, 2016.[4] On January 23, 2017, the Vessel staff was reassigned to oversee Verizon's streaming video platform go90, and co-founder Richard Tom was subsequently appointed as chief technology officer of Verizon Digital Entertainment in April 2017.[5][6]

See also

References

  1. ↑ Stone, Brad. "Vessel: A YouTube Rival That Wants to Be the Streaming HBO". Bloomberg Business. Bloomberg L.P. Retrieved March 31, 2015.
  2. 1 2 3 Spangler, Todd (January 21, 2015). "Vessel Signs More YouTube Stars to Subscription Service, Launches Limited Beta Test". Variety. PMC. Retrieved March 31, 2015.
  3. ↑ "Here's Everything You Need To Know About Vessel, Jason Kilar's New Online Video Platform". Tubefilter. Retrieved October 19, 2015.
  4. ↑ "Verizon acquires subscription video service Vessel, will shut it down on Oct. 31". TechCrunch. Retrieved 2018-04-24.
  5. ↑ "Verizon Lays Off 155 Employees at Go90 Division (EXCLUSIVE)". Variety. Retrieved 1 June 2017.
  6. ↑ Evans, Greg (2017-01-24). "Verizon Axes 155 Go90 Staffers". Deadline. Retrieved 2017-02-05.


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