60Frames Entertainment lays off six
Latest online startup to shed jobsDigital studio 60Frames Entertainment laid off six employees Thursday, the latest in a rash of online-minded startups shedding jobs amid the economic crunch.
The cuts, which leave eight remaining staffers, come as 60Frames rein in the high volume of productions in progress. Launched by UTA and ad-agency Spot Runner last year, 60Frames intended to produce as many as 50 short-form series, and has released over 30 series thus far. The company has over a dozen series still in production.
A spokeswoman for 60Frames declined comment.
The layoffs will not affect 60Frames' recently announced pact with NBC Universal Digital Studio to supply a slate of original series that would get greenlighted once a sponsor is attached.
The cuts were made across the company's departments, and did not affect senior level staffers.
Launched last July with $3.5 million in funding from Tudor Investment Corp., the Pilot Group and unspecified individuals, 60Frames was one of the first of a new breed of studios producing and syndicating content for multiplatform consumption. Led by former UTA agent Brent Weinstein, the firm boasted association with established talent ranging from Oscar-winning filmmakers Joel and Ethan Coen to "Oz" creator Tom Fontana.
60Frames' cuts come on the heels of a rash of similar downsizings at other up-and-coming companies including Break Media, Heavy, ManiaTV and Veoh.