Applications for the next series of Big Brother are now open. The iconic reality show, dubbed the ultimate social experiment, relaunched on ITV last October.
06.03.2024 - 17:12 / deadline.com
A pioneer in digital content creation is going away. Rooster Teeth, a subsidiary of Warner Bros. Discovery Global Streaming & Interactive Entertainment, announced this morning that it is ceasing operations after 21 years. The process starts today and is expected to take several months.
The news was announced at an all-hands company meeting and shared in an internal memo by Rooster Teeth general manager Jordan Levin.
“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,” Levin said in the email (You can read it in full below).
The Roost Podcast Network will remain in operation “while WBD evaluates outside interest in acquiring this growing asset,” Levin said.
There is Rooster Teeth-branded content in the WBD pipeline, which also will stay put, including a movie that will be released soon by Warner Bros. Home Entertainment.
WBD also will be exploring options for Rooster Teeth’s catalog content and IP such as Red vs Blue, RWBY and Gen:LOCK.
Founded in 2003 by Burnie Burns, Matt Hullum, Geoff Ramsey, Jason Saldaña, Gus Sorola, and Joel Heyman, Rooster Teeth went through a series of owners, including Fullscreen and Otter Media, and became part of WBD following the acquisition of TimeWarner from AT&T.
Levin noted that WBD “continued its investment in our company, content and community” following the merger.
WBD also continued the Rooster Teeth Digital Creators Program, intended to support underrepresented talent, which had been launched by WarnerMedia.
In an effort to boost revenue by moving consumers to a sponsorship model, Rooster Teeth last fall
Applications for the next series of Big Brother are now open. The iconic reality show, dubbed the ultimate social experiment, relaunched on ITV last October.
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