The story
Founded on May 5, 2005, by Mike Hudack, Dina Kaplan, Justin Day, Jared Klett, and Charles Hope, blip.tv was bootstrap funded by its founders for the first year of its operation. The partners created blip.tv shortly after they joined Yahoo's video blogging group, and saw an opportunity to create a video-hosting site that focused on being "a best–in-class video hosting, distribution and monetization platform for independent producers of quality video content." The group acquired the blip.tv domain, created the site's original interface in a week's time then began attracting producers and viewers who were interested in niche video content, such as the web series, for which the site has since become known. The founders hired their first employee, Eric Mortensen, in 2006 to head up content and programming, making their first explicit move toward becoming a media company.
In 2007, blip.tv secured funding from Ambient Sound Investments and in 2008 received additional support from Bain Capital. In 2008, Oscar-winning documentary filmmaker Michael Moore teamed up with Blip, alongside Brave New Films, to distribute his movie Slacker Uprising, which was the first time a notable director released a free, feature-length film via the Internet.
In 2009, blip.tv's distribution network grew significantly with the addition of new partnerships with YouTube, Vimeo, NBC Local Media New York and Roku. In 2010, blip.tv surpassed 100 million video views. The following year, after reaching over three billion cumulative video views, the site underwent a massive overhaul. The company rolled out a new logo and name, dropping the ".TV" and becoming "Blip." Along with the redesign came a change in business policy, and instead of acting mainly as a video distributor, Blip then "[embraced] its destiny as a video destination with a redesign that put the most popular blip.tv web series front and center."
Following the departure of many of the site's founders, Kelly Day, who had previously worked for Discovery Communications, was brought in as the company's new CEO in 2012. Day brought on Max Smith, previously CFO of Talking Media Group, as the new Chief Financial Officer and Jason Krebs, formerly Tremor Video's chief media officer, as the new president of sales and marketing.
In 2012, Blip announced the launch of Blip Studios headed by Steve Woolf, whereby the company works directly with brands, talent and independent producers of web video to create higher-quality content. For example, The Gauntlet, a video-game competition series, was made in partnership with Blip Studios and Rooster Teeth productions. Blip also has partnered with Yahoo whereby "Yahoo will promote 13 shows that Blip has distribution rights to on Yahoo Screen. Blip will distribute 16 Yahoo video series... on its destination site Blip.tv."
As of 2013, Blip Studios also had exclusive talent and distribution agreements with Channel Awesome, Juliansmith.tv, My Damn Channel, and others. Blip Studios content had cumulatively received more than 250,000,000 views. In the same year, Blip announced its intention to host content created by Ray William Johnson, The Dark Knight Rises producer Michael Uslan, and Fremantle Media North America, producer of American Idol and The Pet Collective.
On August 21, 2013, Blip.tv was acquired by Maker Studios. The executive team of Blip.tv was included in the acquisition.
After the acquisition, some user agreement terms were changed, including new requirements that content must be demonstrated to be part of a series and of high quality. Facebook commenting was added around the same time.
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In May 2014, users have first reported receiving a notification by Blip.TV that they would lose uploading abilities in July 2014, and that their channel would be closed in September that year. No policy violations were cited in the messages, which suggested an economical cause.
Maker Studios shut down Blip.tv on August 20, 2015. The shutdown was first announced one month in advance. The website is now inactive.
Shortly thereafter, Maker Studios shut down to make way for Disney Digital Network.
From Wikipedia’s article on Blip.tv, shared under CC BY-SA 4.0.4