Facing a prolonged recession and a contracting advertising market, online television studio ManiaTV has put itself up for sale and expects to find a buyer by the end of this month, TelevisionWeek has learned. The Web studio that landed advertisers including Coca-Cola and Doritos retained investment bank...
The online video directory site OVGuide.com became one of the first Internet television-related companies to go into the black when it posted a profit in January. That milestone, a vital one for any business, is particularly critical in the midst of a recession, as corporate giants and small startups...
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Sun, Feb 15 2009
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Filed under: Digital, Print Edition, Veoh, Break.com, ManiaTV, Break Media, Tremor Media, DadLabs, digManiaTV, OVGuide.com, Veoh.com
After eliminating about 20 jobs in late October, Web studio ManiaTV has hired six new employees, according to a report in The Washington Post. Two of the new hires are replacements in VP posts for business development and sales, the story said. ManiaTV’s layoffs were mostly in production due to a new...
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...
Online television network ManiaTV slashed 20 jobs, representing nearly 30% of the fledgling Web studio’s work force, the company announced today. The layoffs come as part of a reorganization at ManiaTV under which the company will rely on third-party producers and contractors to produce new shows, rather...
Will online video companies like ManiaTV, Next New Networks, Kiptronic and Tremor Media turn a profit in 2009, as they have said they expect to? This week, Daisy Whitney’s “New Media Minute” looks at the path these Web video firms are taking to get in the black. You’ll also learn about the A-team lineup...
This week’s New Media Minute features a special guest star—the set of Dave Navarro’s “SpreadTV.” TVWeek reporter Daisy Whitney visited ManiaTV’s headquarter in Los Angeles during her coverage of the NATPE TV LA Festival and spent some time kicking around ManiaTV’s 15,000 square foot studio. ManiaTV has...