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Warner Bros. Discovery Shuts Down Rooster Teeth After 21 Years
(www.hollywoodreporter.com)
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this post was submitted on 06 Mar 2024
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This is the best summary I could come up with:
Animation, comedy, and gaming studio Rooster Teeth, owned by Warner Bros.
“Since inheriting ownership and control of Rooster Teeth from AT&T following its acquisition of TimeWarner, Warner Bros.
It’s with a heavy heart I announce that Rooster Teeth is shutting down due to challenges facing digital media resulting from fundamental shifts in consumer behavior and monetization across platforms, advertising, and patronage,” wrote Jordan Levin, the general manager of Rooster Teeth.
Additional IP such as Red vs Blue, RWBY and Gen:LOCK, “remain in discussion,” the company said.
The studio last recorded having 150 employees, but the number impacted is still unclear, given the potential for sales and having some contractor positions.
Monetization shifts, platform algorithms, advertising challenges, and the ebb and flow of patronage—all these converging factors have led to many closures in the industry,” Levin wrote.
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