Dear filmmakers, distributors and media makers,
It is time to shut down Dynamo.
After more than three years of helping shape the landscape for online film and video distribution, it is clear that the Dynamo platform comes very close to what the industry needs, but it is not sustainable at this time.
We sought to provide the most open system we could, enabling anyone to sign up for free and immediately begin distributing programs online with a simple revenue sharing agreement. The support and maintenance required to effectively serve the long tail of everyone who ever produced a video was too costly to maintain in terms of time, management, hand holding and missed opportunities.
The potential for Dynamo was huge, and the overall opportunity in the marketplace remains huge. We were one of the first companies to prove the potential for direct-to-fan video rentals and sales. In fact our earliest projections for the rise of VOD and demise of the DVD were almost exactly dead on, and the general market continues to grow for direct-to-consumer distribution. Yet, as any investor will tell you, there is a huge difference between being right about the marketplace and successfully running a business in that market.
Over the next couple of months we will close out accounts and wrap things up. All users will receive the funds that remain in their accounts. You will receive an email shortly with instructions to collect funds and close your account. As we try to settle many of these at once, we ask that you be patient if payout requests and support requests take longer than usual. By the middle of June we will shut down technical support and your existing video players will not work. By the end of June all funds will be paid out and all operations will shut down completely.
In the meantime, we encourage you to consider working with Distrify or Vimeo Pro for continued hosting and delivery. Each has its pros and cons, but both provide good alternatives. Please avoid a lack of service by beginning this transition now.
Thank you for your years of partnership. It has been a pleasure to work with all of you. Together we really did help shape the evolution of contemporary media.