Yahoo Bows Out of Original TV After ‘Community’ and Other Shows Lose $42 Million


Yahoo announced that its foray into original TV-style programming has come to an end on Tuesday, revealing that the company lost almost $42 million on its first three shows, season six of Community, Sin City Saints, and Other Space. According to Variety, Yahoo CFO Ken Goldman announced the company has written off the cost of the three shows, $41.7 million, during its third-quarter earnings call. Goldman “specifically singled out” Community as problematic. All three series were released this spring on the company’s streaming video platform, Yahoo Screen.

The decision to step back from original programming came as CEO Marissa Mayer said the company would be reducing the number products it developed in 2016.

“We’re not saying we’re not going to do these at all in the future,” Goldman said. “But what we are saying is, in three cases at least, it didn’t work the way we had hoped it to work, and we’ve decided to move on.”

While this means Community season seven is almost certainly out of the question, the series may live up to its #SixSeasonsandaMovie rallying cry. Variety reports that Sony Pictures Television, which produces the series, is still interested in making a big screen finale for the series.