Quello Streaming Service Sale
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Sam Parr shares information about Quello, a niche streaming service focused on live concerts.
"Quello is a streaming app that started in 2010, available on Apple TV and phones. You pay $10 a month and get access to a library of live concerts. The quality is better than YouTube - the camera work and sound are superior, like what you'd get on a concert DVD.
They built it to 70,000 paying subscribers over 10 years. While that's not huge, it's a viable business. They were recently acquired by Stingray Communications, a publicly traded cable company in Canada.
If someone wanted to launch something similar, I'd recommend looking up Stingray Communications and reading their filing to figure out exactly what Quello does. It's a relatively niche thing, but it's an incredibly viable business."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.