Tuesday, November 14, 2017
Fullscreen Media Shuts Down Video On Demand Service
Los Angeles-based Fullscreen Media says it is shutting down its video on demand service, and instead putting its resources into its other efforts, after a two year run. According to reports, about 25 employees are being laid off as a result of the shutdown of the service, which had offered up access to subscription content for $6 a month. George Strompolos, founder and CEO of Fullscreen Media, said "decisions like this are tough," and that continuing to fund its video on demand service "was limiting our ability to invest in our dynamic Creator, Brand, and Rooster Teeth divisions". The service will be shut down in January of 2018.