Dropout
Creator owned comedy streaming service · Los Angeles
- Founded
- 2018
- Entered
- 2018
- Status 2026
- Active
- Metro
- Los Angeles
- Embeddedness
- 3 connections
- Confidence
- verified · strongest source other web
Method
CollegeHumor launches Dropout in September 2018 as a subscription service for its sketches, Game Changer and the live tabletop show Dimension 20. After IAC hands the company to Sam Reich in January 2020 with seven employees, Dropout replaces advertising with subscriptions at 5.99 dollars a month, doubles subscribers in 2023 to the mid or high six figures, turns profitable that year and draws about 85 percent of revenue from subscribers with 27 full time staff and project based talent. The company adopts the Dropout name in September 2023 and continues from Los Angeles as the standing example of a creator media company that survived by leaving the ad market.
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The path: money and goods moving
- came out ofCollegeHumorCollegeHumor launches Dropout in September 2018 and takes the Dropout name in September 2023 after Sam Reich buys the company from IAC.2018 to 2023
- backed byIACIAC keeps a minority stake when it hands CollegeHumor to Sam Reich in January 2020 for no cash.2020 to present
Influence
- copied byFullscreenDropout's paid subscription follows Fullscreen's failed 2016 to 2018 subscription app and succeeds where it did not; the comparison is the press's, not Reich's. (unverified)2018