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  4. Dropout
Dropout logo
Media & Entertainment

Who Owns Dropout?

Dropout is a privately held American subscription streaming service specializing in comedy and tabletop gaming content. Founded in 2018 as part of CollegeHumor, Dropout was acquired by Sam Reich in 2020 through a management buyout from IAC. Headquartered in Los Angeles, California, Dropout surpassed 1 million subscribers in October 2025, representing 31% year-over-year growth. The service costs $6.99 per month or $69.99 per year, with a Superfan tier at $129.99 per year. Dropout's flagship shows include Game Changer, Dimension 20, and Make Some Noise. The company employs approximately 40 people and uses Vimeo as its streaming technology partner.

Parent Company

CH Media

Acquired

2020

Status

Private

Headquarters

Los Angeles, California, USA

Dropout Timeline

2018

Dropout

Founded by Sam Reich

Founded
2020
Acquired by CH Media

CH Media acquired Dropout

Acquired
United StatesOfficial Website

Who Owns Dropout?

  • Parent Company: CH Media
  • Ownership Type: Founder controlled
  • Acquisition Year: 2020
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
DropoutCH MediaFounder controlled

History of Dropout

  • Founded: 2018
  • Founders: Sam Reich
  • Acquired by CH Media: 2020

CollegeHumor was founded in 1999 by Josh Abramson and Ricky Van Veen as a comedy website. It grew into one of the most popular comedy sites on the early internet, known for original videos, articles, and viral content. IAC/InterActiveCorp acquired CollegeHumor in 2006.

CollegeHumor launched Dropout in 2018 as a subscription streaming service. The idea was to create a paid platform for original content that was not available for free on YouTube or the CollegeHumor website. Early original series included Game Changer, Dimension 20, and Um Actually.

In early 2020, IAC announced it was shutting down CollegeHumor's operations and laying off most of the staff. Sam Reich, who had been CollegeHumor's Chief Creative Officer since 2016, negotiated a management buyout and acquired the CollegeHumor and Dropout brands from IAC. Reich took ownership with a small team and refocused the company on the Dropout streaming service.

Under Reich's ownership, Dropout grew steadily. The COVID-19 pandemic accelerated growth as audiences sought streaming entertainment at home. Dimension 20 and Game Changer developed loyal followings, and clips from these shows gained traction on TikTok and YouTube, driving new subscriber acquisition.

In April 2025, Dropout increased its monthly subscription price from $5.99 to $6.99. The price increase was met with an unusual response: many subscribers asked to pay more. This led to the launch of the Superfan tier in 2025, priced at $129.99 per year (reduced to $97.49 for the first year), compared to the standard annual price of $69.99. The Superfan tier includes exclusive merch, merch discounts, early access to live show ticket sales, and behind-the-scenes content.

In 2026, Dropout made key hires to support its growth. Alexandria Black-Davis joined as head of marketing, Lindsay Wilkinson as head of production, and Elyse Findley and Rosie Kaller as development managers. Ebony Elaine Hardin was promoted from supervising producer to director of production. Game Changer launched its eighth season, and the company continued to expand its content slate.

About CH Media

What does CH Media own?
CH Media owns and operates Dropout and controls a library of comedy programs and legacy CollegeHumor material. Its active properties include Dimension 20, Game Changer, Make Some Noise, and other Dropout originals.

Is CH Media publicly traded?
No. CH Media is privately held. There is no public ticker for the company or Dropout.

Who founded CH Media?
Sam Reich formed the current independent operation through his 2020 purchase of the remaining CollegeHumor business from IAC. CollegeHumor itself was founded in 1999 by Josh Abramson and Ricky Van Veen.

Where is CH Media headquartered?
CH Media is based in Los Angeles, California, USA, where its studio production is centered. Dropout streams to customers beyond the United States.

How many brands does CH Media own?
The company has one principal service brand, Dropout, plus a group of original program properties. It does not publish a fixed corporate brand count.

Who owns CH Media?
Sam Reich controls CH Media. No authoritative public record used here identifies a larger parent company or a complete list of minority shareholders.

Does IAC still own Dropout?
No. IAC withdrew funding and sold the remaining CollegeHumor business to Reich in January 2020. Dropout now operates through independent CH Media.

  • Founded: 2020
  • Headquarters: Los Angeles, California, USA
  • Company Type: Privately Held

Visit CH Media website

View full company profile for CH Media

Where Is Dropout Made / Based?

  • Headquarters: Los Angeles, California, USA

Dropout Categories & Tags

StreamingComedyTabletop Gaming

Dropout Sustainability & Ethics

Dropout's approach to sustainability and ethics is centered on employee welfare and equitable business practices rather than environmental initiatives, which is appropriate given the company's small size and digital-only operations.

The company has discussed implementing profit-sharing arrangements for its employees. Reich has stated that as Dropout grows and revenue increases, he wants the company's approximately 40 employees to share in the financial success. This approach is influenced by Reich's father, former U.S. Labor Secretary Robert Reich.

As a digital streaming platform with no physical manufacturing or large studio facilities, Dropout's environmental footprint is relatively small. The company's primary environmental impact comes from data center usage for streaming, which is managed through Vimeo's infrastructure.

Dropout maintains fair compensation practices for performers and creators. The company has established a reputation for treating its talent well, which has helped it attract and retain comedians and performers in the competitive Los Angeles comedy scene.

The platform focuses on inclusive content creation and diverse representation in its comedy programming. Dropout's casts regularly feature performers from diverse backgrounds, and the company has been recognized for its inclusive approach to comedy.

Awards & Recognition

Dropout has received recognition from industry organizations and media outlets:

  • Streamy Awards: Multiple nominations and wins for Game Changer and Dimension 20 in comedy and gaming categories.
  • Webby Awards: Recognition for digital comedy content and streaming innovation.
  • Critics' Choice Streaming Awards: Nominations for comedy streaming content.

Awards listed here represent independent recognition from industry organizations rather than company-sponsored or promotional events.

Dropout Recalls & Controversies

Dropout has not been the subject of significant regulatory action or public controversy under Sam Reich's ownership.

The 2020 IAC shutdown of CollegeHumor was controversial within the digital media industry. IAC laid off most of CollegeHumor's staff with little warning. Reich's management buyout and successful rebuilding of the company as Dropout has been widely praised as a positive outcome for the affected employees and the comedy community.

CollegeHumor's earlier content under IAC ownership was occasionally criticized for offensive humor. Under Reich's leadership, the company has moved away from that type of content and built a reputation for inclusive, creative comedy.

Dropout has not faced significant regulatory scrutiny. As a streaming service operating in the United States, the company is subject to standard content and data protection regulations but has not been the target of enforcement actions.

Dropout Ownership: Pros & Cons

Advantages

  • +Surpassed 1 million subscribers with 31% year-over-year growth, demonstrating strong product-market fit
  • +Highly engaged subscriber community with strong brand loyalty and organic growth through social media
  • +Lean operating model with approximately 40 employees produces quality content at low cost
  • +Sam Reich's ownership provides creative stability and founder-led vision
  • +Subscription-first model provides predictable recurring revenue
  • +New initiatives (Superfan tier, Blu-ray, licensing, 24/7 channel, board game) demonstrate multiple expansion paths

Considerations

  • -Limited resources compared to major streaming platforms with billions in content budgets
  • -Niche audience focused on comedy and tabletop gaming limits total addressable market
  • -Competition for subscriber attention from Netflix, YouTube, and other platforms
  • -Dependence on continued quality of original programming, particularly Game Changer and Dimension 20
  • -Small team limits content production volume and creates key-person risk around Reich and core performers
  • -Dependence on Vimeo as streaming technology partner creates platform risk

Frequently Asked Questions About Dropout

Sources & Further Reading

  • Dropout Official Website:
  • Dropout CEO Sam Reich Interview (Polygon, 2026):
  • Dropout CEO Sam Reich Interview (TheWrap, 2026):
  • Dropout Superfan Tier Announcement (Variety, 2025):
  • Dropout Passes 1 Million Subscribers (AV Club, 2025):
  • Dropout New Hires (Variety, 2026):
  • Dropout YouTube Channel:
  • Dimension 20 Official Website:
  • CollegeHumor Media:
  • Streaming Industry Analysis (Variety):

Where to Buy

Disclosure: We may earn commission from purchases
AmazonDropout on Amazon

Competitors to Dropout

No direct competitors found in the same category. This could be because Dropoutoperates in a unique market segment or we're still building our competitor database.

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Major American broadcast television network with a rich history in news, entertainment, and sports programming, serving as a cornerstone of Disney Entertainment Television within The Walt Disney Company.

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Last reviewed: August 25, 2026 · Reviewed by Who Brands Editorial Team