Reese Witherspoon's Hello Sunshine has received a funding infusion from Emerson Collective, the social change catalyst founded by Laurene Powell Jobs. Otter Media, the WarnerMedia company that invests in and launches global OTT media services, has also increased its stake in Witherspoon's company. Both investors are…

Machinima, which rose to prominence as an influential and lucrative multi-channel network catering to gamer culture, has laid off 81 employees and ceased operations. The company, which was acquired by Warner Bros in 2016 and at the beginning of 2019 was folded into WarnerMedia’s Otter Media, confirmed the moves…

Otter Media laid off about 10% of its staff today in a sweeping reorganization of its digital properties intended to make these assets more competitive and profitable. CEO Tony Goncalves sent an email to staff today outlining changes that he said would better position the digital media company to capitalize on the…

EXCLUSIVE: WarnerMedia-owned Machinima is expected to become part of Otter Media early next year, as AT&T looks to align its related digital assets, sources tell Deadline. Machinima will retain its brand and online presence, sources say, though Otter will steer business operations and look to apply its expertise in…

Fullscreen CEO George Strompolos announced this morning that he’s stepping down from the digital media company he founded. Strompolos left YouTube to launch Fullscreen in 2011, as one of the earliest multichannel networks that brought together thousands of YouTube creators. It tried to launch a team-focused streaming…

Nickelodeon has partnered with the VRV streaming platform to launch NickSplat, an OTT channel featuring animated series and live-action shows from the 1990s. NickSplat will feature a rotating selection of nearly 30 series of Nick's most popular shows, including All That, CatDog, Clarissa Explains It All, Doug, Kenan…

Ellation Media today announced the launch of Ellation Studios, a new unit devoted to creating original content for its anime-focused Crunchyroll and VRV communities. Margaret Dean, former general manager of Stoopid Buddy Stoodios and current president of Women in Animation, has been named head of studio for the new…

The twin brothers who built a sports media brand around coverage of high school athletes added some big-name players to their investment roster: NBA All-Star Dwyane Wade, Grammy-winning recording artist Drake and Otter Media. Together with backing from NBA standouts LeBron James and Kevin Durant, brothers Brandon and…

AT&T has acquired the remainder of The Chernin Group’s controlling stake in Otter Media, with the plan to fold the subscription, advertising and content company the two formed in 2014 into AT&T’s WarnerMedia, the new content company created after the telco giant’s acquisition of Time Warner. Tony Goncalves, who was…

Media mogul Peter Chernin is planning to raise a new media fund of more than $500 million, opening a new chapter for the digitally savvy executive who has been one of Hollywood’s technology innovators. The tech news site The Information’s report tonight of Chernin raising a fund comes on the heels of a story last week…

EXCLUSIVE: After an 18-month effort to make headway in the saturated streaming video marketplace, Fullscreen Media is shutting down its subscription video on demand service next year. The demise of its $6-per-month SVOD service follows a decision in September to trim about 3% of Fullscreen’s total staff of about 750…

Fullscreen Media dismissed three percent of its staff today, part of a revamp to allegedly focus on original programming for its subscription video service. No headcount was provided, although reports indicated the company had about 750 employees before today’s culling. Fullscreen CEO George Strompolos, a co-creator…