I just got a reporter inquiry about a website called Rumble. It was created to take on YouTube head on (see story), and I think that’s about the worst idea for an online-video site ever (at least in 2014). I’m going to come off like an angry old man in this post, so try to imagine me sitting in my boxers on a rocking chair holding a shotgun.
Rumble will either change strategy or be dead in less than 12-18 months.
Its offering to video creators is so bad I checked to see if this was an early April Fool’s joke (please note 1-26-14 update from CEO, below).
It requires exclusive content. That’s a really bad idea if you’re trying to compete with a market leader that doesn’t require exclusive content. I never suggest a content creator license exclusively unless they get a guarantee that offsets what they might otherwise make elsewhere. Even Revver.com new better.
- It takes about 3-4 months before they provide analytics to creators (YouTube analytics are instant, and payment is monthly).
- 60% of revenue (now that’s decent, but 60% of nothing is nothing).
- No guarantee of views because there’s a limited audience using Rumble (although maybe some of its partners have an audience, and they’ll pull an intermediary approach- they claim some big partners like Yahoo!). Rumble’s CEO says they’re doing 100M streams.
- No apparent advertisers using the site. They could theoretically solve this by letting their partners sell the inventory, but that would change CPM income … creating a Rumble advertising salesforce would take many months or years).
Rumble is founded by a bunch of folks who have been doing online video for a long time. Some at successful companies, but some come from companies (you haven’t heard about) that got destroyed by YouTube. So will their vengeance inspire them to topple YouTube? Or is history the best predictor of success?
What they do have is a nice name. Rumble. Rrrrumble. Get ready to Rrrrumble. I was going to say they have a nice logo, but the play button is kinda owned already. Hopefully the founders, advisors and employees will adapt Rumble to find a better niche. Anything but trying to compete with a market leader without any discernable differentiation or advantage.
Mind you- this comes from somebody who makes money on YouTube, but who can’t stand monopolies. For amateurs making online video, YouTube is pretty much the only way to make money via online video. So there may eventually be an online video-sharing site that caters more to amateur creators. But I sure wouldn’t hold my breath for it, and resign not to make a dime anywhere else while they try to figure it out. As I told the reporter, I wouldn’t become a Rumble creator (under current terms) if it was founded by my mom and funded Chad Hurley.
Note from Chris Pavlovski, CEO of Rumble 1-26-14
“I recently noticed your review of Rumble. I totally respect your opinion and enjoy reading various takes, although I hope we do not fail 🙂
I wanted to point out that we offer other options for video creators. The 60% profit share is definitely a difficult one for users to swallow (this is because all revenue is generated on Yahoo, MSN, and takes a long time to receive reporting, but its worth it). We also offer two other options for video creators. If the video is good, they get rewarded within 24 hours and paid within 14 days. Here are the options:
- up to $1000 for an exclusive video license, up front cash
- up to $250 for a non-exclusive video license, up front cash
- we do custom deals as well (for larger creators)
The profit share is the 4th option, but normally makes more than the above two if you can wait 3 months. We are currently pushing well over 100M streams per month on our partner websites, so our reach is considerable and many creators are happy with it.”