Yahoo Loses $42M on ‘Community,’ Other Originals

photo: Yahoo! Screen, The Hollywood Reporter

[Yahoo] took a $42 million write-down in its video division during the third quarter, CFO Ken Goldman revealed on the company’s third quarter earnings call. He later explained that Community, Sin City Saints and Other Space were to blame, noting that Yahoo “couldn’t see a way to make money over time.” […] The company is keeping the door open for future projects. “We’re not saying we’re not going to do these at all in the future, but what we are saying is, in three cases at least, it didn’t work the way we had hoped it would work,” Goldman said[.] – Natalie Jarvey, The Hollywood Reporter