article thumbnail

MySpace Chops 47 Percent

socalTECH

Amid rumors for weeks that Los Angeles-based MySpace has been planning massive layoffs, the firm said today that it is cutting 47 percent of its staff globally, or roughly 400 employees.

Layoffs 194
article thumbnail

BUZZMEDIA Trims Spin Magazine

socalTECH

Los Angeles-based digital media publisher BUZZMEDIA is wasting no time reshaping SPIN Magazine , the venerable music and culture publication it acquired earlier this month, and is reportedly already cleaning house. BUZZMEDIA runs Stereogum, Idolator, XLR8R, and many other popular music and entertainment properties. READ MORE>>.

Layoffs 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

60Frames Shuts Down

socalTECH

Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. Tags: 60frames online entertainment content hollywood studio layoff shutdown. 60Frames had raised $3.5M 60Frames had raised $3.5M READ MORE>>.

Layoffs 113
article thumbnail

Report: ManiaTV Axes Staff

socalTECH

Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. Tags: employment merger layoff hollywood content acquisition entertainment maniatv. The Deal said Revision3 is rumored to be a possible buyer for the firm.

Report 124
article thumbnail

Friday roundup: More layoffs, venture roundup, growth at firms, and more

socalTECH

For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. TheWrap --focused on Hollywood and entertainment news-- announced funding from Maveron on Monday.

article thumbnail

Adam Scott | ScoreBig, Startups, and LA Tech

Tech Zulu Event

I once worked for the NBA and there are two problems that the live entertainment and sporting industry faces: the number of empty seats and the consistency of raising prices. Marketing that our tickets are on sale is a huge problem and in the live entertainment/sport industry, that’s just bad. I think LA needs to embrace startups more.

Startup 79
article thumbnail

Adam Kanner | ScoreBig, Startups, and LA Tech

Tech Zulu Event

While I was working for the NBA, I learned there were two problems the live entertainment and sporting industry were facing: the number of empty seats and the consistency of raising prices. It creates a problem within the live entertainment and sport industry to associate itself with discounting. This is my fourth startup.

Startup 61