Poll of the Day > So apparently when Smosh was sold to Defy in 2011 Ian and Anthony got nothing.

(+) Yeah! (+)

https://www.youtube.com/watch?v=1_zuDvgfULw" data-time="

Defy gave Ian and Anthony stock of the company instead of cash in exchange for buying Smosh, but never entered the company into the stock market, so Ian and Anthony never actually got any money from said stock.

So they were essentially scammed. They gave up all rights to their brand and any control over it, for nothing.
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lolrekt
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and no one cares
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I'm not watching some random YouTube video, just tell me what Smosh and Defy is.
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lmao what an idiot
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Wait, so Smosh is really shutting down now?
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It's their own damn fault for being stupid and taking a bad deal.
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He wasnt right when he said they should have had representation of some kind...
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They didn't get nothing they got stocks. It's literally gambling and they lost. It's 100% their fault.

I was watching the RT podcast last night, and they mentioned something about this last night
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DeltaBladeX posted...

I'm not watching some random YouTube video, just tell me what Smosh and Defy is.

Smosh is one the most popular youtube channels, their videos regularly get millions of views each.

Defy is a media company that suddenly shut down last week and fired everyone without notifying any of it's employees and having not paid many of the people that they owned money for months.

After their closure, many of their former employees and partners came out and vented about what a terrible company they were and their many shady business practices.

It's speculated that the owners had planned to shut down for a while, so they stopped paying people they owned money in order to accumulate it before taking off. They also got $70 million in investments last year that people are alleging they still have and ran off with instead of paying the people they owe.

https://en.wikipedia.org/wiki/Defy_Media

LeetCheet posted...

Wait, so Smosh is really shutting down now?

https://www.youtube.com/watch?v=lfA2d7ZoixA" data-time="
According to Ian, even though Defy suddenly shut down and fired everyone without notice, they gave him access to all the Smosh channels again so he can try to continue running it himself, as well as access to their still unaired content so they can upload it themselves, although I'm not sure if any legal transfer of the rights were actually done.

papercup posted...

It's their own damn fault for being stupid and taking a bad deal.

Anthony says he knows that, they were formerly nobody kids having "overnight success" on youtube and a company approached them and offered to pay them off and they took the deal without realizing what it was.

ASlaveObeys posted...

They didn't get nothing they got stocks. It's literally gambling and they lost. It's 100% their fault.

As I said in the opening post, they were given stocks by Defy, but Defy never entered their company into the stock market, so the stocks could never produce money. This isn't the stocks not making money because the company did poorly, this was the stocks not making money because stocks can't produce or lose money if the company isn't actually in the stock market and never intends to be part of it.
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TigerTycoon posted...

Smosh is one the most popular youtube channels, their videos regularly get millions of views each.

Defy is a media company that suddenly shut down last week and fired everyone without notifying any of it's employees and having not paid many of the people that they owned money for months. It's speculated that the owners had planned to shut down for a while, so they stopped paying people they owned money in order to accumulate it before taking off. They also got $70 million in investments last year that people are alleging they still have and ran off with instead of paying the people they owe.

https://en.wikipedia.org/wiki/Defy_Media

Thanks
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