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Machinima Lays Off 42

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The deal apparently comes ahead of a $18M funding round expected from Warner Bros. Machinima has had a series of layoffs , as the MCN has struggled to find the right formula to sustain its content development business. machinima youtube network content hollywood google layoff jobs employment' READ MORE>>.

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Machinima Cuts 10 Percent More

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The company said the layoffs come as part of an "increased commitment to premium programming". Machinima has apparently been looking for a big funding round in recent months. The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. READ MORE>>.

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Machinima Gets $24M, But Chops Staff

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Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

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Blippar, Backed by Qualcomm Ventures, Calls It Quits

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UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. READ MORE>>.

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60Frames Shuts Down

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Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. READ MORE>>.

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

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In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors. In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors.