The global video network that runs YouTube‘s top entertainment channel said today it is eliminating 22 of its 206 employees. Machinima said it plans to make an increased commitment to programming and distribution and its YouTube network, and the cash saved by the cuts will go to boosting investment in those areas. The company said it will announce its new programming and distribution initiatives over the next several months. The youth-skewing network serves 2.6 billion video views and reaches more than 200 million uniques monthly with content that includes scripted series, daily and weekly shows, gameplay videos and official publisher content. In March, it inked a deal with Ridley Scott’s commercials production company RSA to produce 12 short films that will focus on science fiction content that might be grown into feature franchises.
Machinima Cuts 10% Of Workforce In Restructuring
What's Hot on Deadline
Hollywood Cowardice: George Clooney Explains Why Sony Stood Alone In North Korean Cyberterror Attack
Sony Responds To President Obama's Criticism: "We Had No Choice," Still Hope To Release 'The Interview'
Obama: Sony Made Mistake Pulling 'The Interview'; U.S. Will Respond Proportionally At Time And Place We Choose -- Update
'The Interview' Release Would Have Damaged Kim Jong Un Internally, Says Rand Expert Who Saw Movie At Sony's Request
More From Team
- Embeth Davidtz & Jack Noseworthy Join 'Marilyn' Miniseries; 'Lumen' Pilot Rounds Out Cast
- HBO's 'The Normal Heart' To Receive PGA's Stanley Kramer Award
- Watch President Obama Discuss Sony Hack In Year-End Press Conference (Live Stream)
- Comedy Central Moves Up '@Midnight' For 2 Weeks Ahead Of Larry Wilmore Premiere
- MPAA Says North Korea Attack On Sony Is “Despicable, Criminal Act”
- Hulu Acquires 'Fargo' Miniseries In Deal With MGM