Seriously I'm glad they're going out.

They had such a strong opportunity to make it, especially when they started to become larger in the scene by purchasing streamers and creating a popular platform for League streamers. But at the end of the day, not following through on your word and more importantly seriously screwing with their content providers is too much

Urasim

United States83 Posts

January 24 2013 19:31 GMT

#722

Kinda a shame that they are going down... Hopefully they get bought out. Feel sorry for the people that work there that aren't corrupt. Losing your job is never fun...

coverpunch

United States2093 Posts

January 24 2013 20:03 GMT

#723

I feel bad for Own3d, but it is total amateur hour over there if they fold without paying their streamers.

Avean

Norway449 Posts

January 24 2013 20:09 GMT

#724

Well i dont think they are amateurs, just Twitch.tv beeing that good right now. I feel Twitch.tv have been good with getting all the major events and having an awesome layout where i can quickly see what games are beeing streamed and such. Its just a very enjoyable design with a nice chat feature as well.

But its really bad for us that Own3d disappears since competition is needed to get better products out there.

lightrise

United States1355 Posts

January 24 2013 20:11 GMT

#725

Own3d going down. Who would have guessed it?

coverpunch

United States2093 Posts

January 24 2013 21:55 GMT

#726

On January 25 2013 05:09 Avean wrote:
Well i dont think they are amateurs, just Twitch.tv beeing that good right now. I feel Twitch.tv have been good with getting all the major events and having an awesome layout where i can quickly see what games are beeing streamed and such. Its just a very enjoyable design with a nice chat feature as well.

But its really bad for us that Own3d disappears since competition is needed to get better products out there.

I didn't mean their service is amateurish, I don't have a strong opinion on that. But you HAVE to know how much money it will take to get out and make sure you have that amount at the end.

Delaying payments is an issue but hey, that's life for a money-losing tech company. But at the very end of the day, you can't just throw your hands up and say sorry but you're not paying your vendors and contractors.

I said before that screaming is unhelpful because it won't make them pay faster, but...now's the time to start screaming at people, if nothing else to make sure you're on the list of people they have to pay first.

Dracolich70

Denmark3820 Posts

January 26 2013 03:47 GMT

#727

I do not feel bad for Own3D. Businesses like that should not be in business. I do not like greedy nor incompetent companies, so I hope for strong, yet fair companies will arise, and create win-win situations in this business symbiosis, which is also super-reliable. eSports needs it to grow to something reliant.

jacosajh

2919 Posts

January 26 2013 19:26 GMT

#728

If this is anything similar to the traditional broadcasting industry, it is not uncommon to have such delays. There are typically several entities involved in the process exchanging money from start to finish. On an almost worst case scenario you have

Content provider (in this case the streamer)
Station (in this case Own3d)
Agency (advertiser contracts agencies to make media buys for them)
Advertiser
Any third-party AR/AP contracted by the above entities to handle cash receipts/payments (it gets even worse since of the contracts/company practice is a 90-day turn around for payment - imagine if the entire chain operates under this assumption)

I have seen over 1 1/2 years delay in some instances due to the factors above. This is why sometimes on smaller TV networks some shows might be cancelled abruptly. They don't have the capital to keep on providing content while waiting for payments. The TV stations don't have the capital to just front them the money while they wait for payment from the agencies, who are waiting for the advertisers.

I am not saying there is no blame in Own3d's hands. Maybe there is. I don't know. But if they are not organized, it would only exacerbate the issue.

RuFF_SC2

United States203 Posts

January 27 2013 07:18 GMT

#729

Our anonymous sources close to the situation told us that it was "absolutely true" that Own3d TV would be closing in the next week or so and that they cannot pay the debts they owe and if they liquidate and if advertisers don't pay their streamer contracts that clears them of obligation to pay streamer revenue..

This isn't really fair to streamers who switched from twitch over to own3d.tv. I'd be losing out on 5k or so that own3d.tv owes. This is a big blow to 6 months of wasted time. In the real legal world something like this shouldn't be the case and I will probably fight for whats owed as it had a huge impact on my life.

Zorkmid

4410 Posts

January 27 2013 16:53 GMT

#730

On January 27 2013 16:18 vVvRuFF wrote:
Our anonymous sources close to the situation told us that it was "absolutely true" that Own3d TV would be closing in the next week or so and that they cannot pay the debts they owe and if they liquidate and if advertisers don't pay their streamer contracts that clears them of obligation to pay streamer revenue..

This isn't really fair to streamers who switched from twitch over to own3d.tv. I'd be losing out on 5k or so that own3d.tv owes. This is a big blow to 6 months of wasted time. In the real legal world something like this shouldn't be the case and I will probably fight for whats owed as it had a huge impact on my life.

This is the real world. These aren't real companies.

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