Stephen Colbert had late night's top-rated show. This week, CBS announced it's cancelling it. Ouch.
Yes, this accelerated the inevitable: late night was already dying. But here's where it gets interesting...
Colbert's next move could change YouTube. Here's why.
Surprise, You're Fired
We're not here to talk politics, but to catch you up:
- Colbert’s cancellation came after CBS paid $16M to settle with Donald Trump over a 60 Minutes interview, which airs on same network.
- Paramount (CBS' parent company) is seeking a massive merger with Skydance, which needs Trump's approval. Axing Colbert is rumored to help curry favor.
- CBS isn't replacing Colbert. They're cancelling the entire Late Night Show franchise. 32 years of history. Gone.
But Here's The Thing
Colbert has 10 months before he's off the air. 10 frickin' months.
His popularity will only surge just like Conan O'Brien's did during his late night controversy.
Imagine the exit opportunities.
Streaming platforms will come calling. But if you're Colbert, you'll likely take your popularity straight to...you guessed it, YouTube. Where nobody can cancel you.
And where your massive library of late night clips will recommend any new channel you start (since CBS likely won't let Colbert keep his current channel).
Colbert Isn't Alone
He wouldn't be the first to go from TV to YouTube:
- Piers Morgan moved his show Uncensored to YouTube after leaving TV. Now, he has 4M subs.
But Colbert is the whale. The biggest name with the biggest show.
His move to YouTube after Late Night could mean CBS, NBC, and ABC will re-think their other productions, too.
Now The Kicker
The big spenders on those TV networks like P&G, Unilever, and L'Oréal will bring even more dollars over to YouTube following Colbert's exit.
Sure, brands look at data. But legacy and perception still matter. A lot. And nobody carries that more than Colbert.
Show Me The Money
The Late Show burns $100M per year.
Compare that to interview shows on YouTube like Hot Ones or Chicken Shop Date, which rack up over 1.5M views per episode yet spend only $6K per episode.
Sure, it's not the same production value. But you can't beat the math:
Lower cost + higher popularity + more creative freedom = new era for Colbert (and YouTube) post cancellation.
CBS may have just dug its own grave.