Despite layoffs at Web video studios and sliding advertising forecasts, the future is not as bleak as it might seem for online networks that produce targeted shows. Last week research firm eMarketer lopped $1.3 billion off its projections for 2008 online ad spending, revising them to $23.6 billion. But...
The economic crisis ripped through the Internet video business late last month, as well-funded Web video shops ManiaTV, Break and Revision3 eliminated about 40 employees among them. THE AX FALLS: “Internet Superstar” is among five web series canceled by Revision3. The nascent online video business is...