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Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.
Los Angeles-based YouTube network Machinima announced Wednesday afternoon that it has laid off 10 percent of its employees, or 22 employees out of a current staff of 206, as part of a shift in its programming plans. The company said the layoffs come as part of an "increased commitment to premium programming". READ MORE>>.
Maker Studios , the online YouTube content network which was recently acquired by Walt Disney , is cutting approximately 10 percent of its staff. maker studios disney merger acquisition jobs employment layoff content hollywood' READ MORE>>. maker studios disney merger acquisition jobs employment layoff content hollywood'
High flying, YouTube network Machinima has laid off 10 percent of its staff, as part of a reorganization, according to reports Friday evening. News of the layoffs first trickled out via Twitter from many of the firm's former employees.
Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers. READ MORE>>.
In an unprecedented move, Otter Media , the new owner of Machinima , has set the entire Machinima YouTube channel to "private", effectively wiping the entire history of content created for the content network from the Internet. Digital Networks, and was popular for its gaming-related content and its streaming by gamers and other fans.
Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others.
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