Todd Spangler NY Digital EditorWhen Kevin Hart teamed up with Lionsgate back in the summer of 2017 to launch Laugh Out Loud Network, the idea was to create an owned-and-operated streaming home for comedy content, with subscriptions a big piece of the revenue pie.As it happened, that was right around the time NBCUniversal pulled the plug on Seeso, its own comedy roll-up SVOD play.The subscription side of LOL didn’t last long, as niche streaming services struggled and as major players like HBO Max and Disney Plus streamed into the fight for consumer entertainment spending.
Hart’s company pivoted from the original plan to become a distributed, diversified producer of comedy content — a shift in strategy, Hart told Variety, that has allowed.
Read more on variety.com