Revver

Last updated
Revver
FormerlyChangeTv
FoundedMay 5, 2005 (2005-05-05)
DefunctAugust 20, 2011 (2011-08-20)
(6 years, 3 months and 15 days)
FateShut down
Headquarters
New York City, New York
,
U.S.
Area served
Worldwide
Website www.revver.com

Revver (formerly ChangeTv) was an American video sharing website that hosted user-generated content. Until its shutdown in 2011, [1] Revver attached advertising to user-submitted video clips and originally offered to share ad revenue with the video creators. Videos could be displayed, downloaded, and shared across the web in either Apple QuickTime or FLV format. In addition, Revver was a video publishing platform that enabled third parties to build their own "Revverized" site. Revver allowed developers to create a complete white label of the Revver platform.

Contents

History

Revver was founded by Steven Starr, Ian Clarke, and Oliver Luckett in 2004, and was based in Los Angeles. The website launched on October 29, 2005. The company received investment from Bessemer Venture Partners, Draper Fisher Jurvetson, Draper Richards, William R. Hearst, III, Comcast Interactive Capital, and Turner Broadcasting. [2] Oliver Luckett and Ian Clarke departed the company in late 2006, Steven Starr in 2007.

A revision of the site, Revver 1.0 was released in September 2006. This included a new design, a user dashboard, a web-based uploader, and Flash as a video delivery method. Around the same time as the release, prominent YouTube user lonelygirl15 signed a promotional deal with Revver. [3]

Shortly prior to its relaunch, around 20,000 videos were available on the site. [4] By mid-October this number had almost quintupled to 100,000 videos. [5] The site's most popular user, a creator of videos mixing Mentos into Coke, had generated a payment to its creators of US$50,000. [6]

On November 29, Verizon Wireless and Revver announced a deal to make Revver videos available to subscribers of Verizon's V CAST service. The deal was announced one day after a similar deal with YouTube. On V CAST, Revver videos do not contain advertisements at the end, but Revver shares half of the revenue from the venture with content creators. [7]

Revver was acquired by LiveUniverse for US$5 million in February 2008. [8] LiveUniverse stopped making regular payments of shared ad revenue to video creators several months after the acquisition.

Since August 20, 2011, Revver's site has been shut down. [1]

Revenue model

Revver was the first video-sharing website to monetize user-generated content through advertising and to share ad revenue with the creator. [9]

In 2006, Revver was awarded the Most Influential Independent Website [10] by Television Week, nominated for an Advanced Technology Emmy Award, [11] and honored as one of the 100 most promising startups by Red Herring. In 2007, Revver announced it had paid out its first million dollars [12] to online creators and syndicators.

The defining feature behind Revver was the RevTag, a tracking tag attached to uploaded videos. The RevTag displayed an advertisement at the end of each video. When clicked, the advertiser was charged and the advertising fee was split between the video creator and Revver. RevTags were trackable across the web; because the RevTag was part of the video file itself, the technology worked regardless of where the video file is hosted or displayed. Users were further encouraged to share by Revver's affiliate program. An Affiliate was a user who helped to promote videos, through email, sneakernet, peer-to-peer sharing, or posting on their own website or on social networking sites. Revver affiliates earned 20% of ad revenue for sharing videos. The remaining revenue for each video is divided equally between the video creator and Revver.

Revver's upload license allows for redistribution under the Attribution-NonCommercial-NoDerivs 2.5 Creative Commons License.

Criticism

In February 2008, Revver was sold to LiveUniverse, which abandoned the creator/syndicator revshare model, starting a precipitous decline in users. On December 9, 2008, Revver sent a message to all its users saying that earnings from June were transferred, and the other earnings would be transferred 'as soon as possible'. But several of Revver's most popular content providers including ScrewAttack and That Guy with the Glasses publicly posted complaints of Live Universe owing them vast amounts of money on their websites and began moving their content over to blip.tv. [13] To date, neither company has been paid. Many public complaints appeared in the Revver forums indicating that LiveUniverse would not respond to inquiries.

In 2010, the State of California listed the status of LiveUniverse as "Suspended." [14]

See also

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References

  1. 1 2 The Evening Hérault, Revver (started a year earlier, in 2004) – shut down last year
  2. ↑ "Comcast, Turner Invest in Revver". www.onlinereporter.com. 2006-08-11. Retrieved 2006-10-21.
  3. ↑ "Creators confess to Lonelygirl15 mystery". Associated Press via USA Today. Associated Press. 2006-09-13. Retrieved 2006-10-21.
  4. ↑ "Revver: A Video-Site on Pause". businessweek.com. Business Week. 2006-08-11. Archived from the original on October 22, 2007. Retrieved 2006-10-21.
  5. ↑ "Ad buyers beware". Chicago Tribune. Tribune Co. Inc. 2006-10-15. Archived from the original on 2008-12-02. Retrieved 2006-10-21.
  6. ↑ Graham, Jefferson (2007-09-14). "Posters reap cash rewards at video-sharing site Revver". USAToday. Retrieved 19 May 2014.
  7. ↑ Hau, Louis (2006-11-29). "Verizon To Broadcast Revver Videos To Cell Phones". Forbes. Archived from the original on December 7, 2006. Retrieved 2006-12-31.
  8. ↑ "LiveUniverse Buys Revver for More than a Song (about $5M)". www.newteevee.com. 2008-02-14. Archived from the original on 2008-05-12. Retrieved 2008-05-28.
  9. ↑ "Start-up Revver zooms in on Net video sharing". CNET. CBS Interactive.
  10. ↑ Archived 2007-04-29 at the Wayback Machine
  11. ↑ "Technology & Engineering Emmy Award Nominees Announced". Archived from the original on 2009-04-22. Retrieved 2009-04-20.
  12. ↑ Jackson West. "Revver Reaches One Year, $1 Million". newteevee.com. Archived from the original on 2010-08-23. Retrieved 2011-08-14.
  13. ↑ "Revver be Dead". ThatGuyWithTheGlasses.com. 2008-11-14. Retrieved 2008-11-14.
  14. ↑ LIVEUNIVERSE, INC. :: OpenCorporates
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