Undertaking a revival of former NBC sitcom Community was a costly venture for Yahoo, and might hamper the company’s future plans to compete in the world of online original programming.
Variety reports Ken Goldman, Chief Financial Officer for Yahoo, explained during the tech giant’s quarterly earnings call this week that his company lost $42 million last quarter, and specifically blamed the video division for “what went wrong.”
Goldman specifically singled out Community, a show starring Joel McHale and Gillian Jacobs, which was cancelled after five seasons on NBC, but later picked up by Yahoo during an attempt to compete with streaming giants, such as Netflix and Amazon.
Season six of the sitcom ran exclusively on Yahoo video platform Yahoo Screen, beginning in March.
In addition to Community, two other original Yahoo shows, Sin City Saints and Other Space, failed to become profitable.
Goldberg reportedly explained that monetizing the shows failed to work the way the company hoped it would, but did not rule out the possibility of the company testing the waters of original content in the future.
Around the same time news of Yahoo’s disastrous quarter was breaking, Community creator Dan Harmon launched what would turn into an hours-long meltdown on Twitter.
Admittedly drinking, Harmon shared his thoughts on “PROFITABLE” rap song ideas, before laying into fans and others.
https://twitter.com/danharmon/status/656582230211493889
https://twitter.com/danharmon/status/656582393051095040
https://twitter.com/danharmon/status/656617595991367681
https://twitter.com/danharmon/status/656588490310885376
https://twitter.com/danharmon/status/656629532984741888
Harmon’s self-proclaimed drunk-tweeting carried over into the wee hours of Wednesday morning:
https://twitter.com/danharmon/status/656711092018638848
To read the rest of the meltdown, check out Harmon’s Twitter page here.
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