Otter Media Lays Off 10% of Staff in Restructuring
posted on 2018-12-05 16:59 EST by Karen Ressler
AT&T's digital media company Otter Media, the holding company that operates Crunchyroll and VRV's parent company Ellation, laid off about 10% of its staff as part of a company reorganization on Wednesday. Otter Media employs about 1,400 people, so the layoffs will affect about 140 full-time employees and contractors.
Variety reported that the layoffs spanned most of Otter Media's divisions, but Ellation was not affected.
AT&T announced in August that it had acquired the entirety of Otter Media from its previous co-owner The Chernin Group. AT&T announced at the time that it planned to fold the company into WarnerMedia, the new content company created after AT&T's acquisition of Time Warner in June.
Since the acquisition, WarnerMedia closed the DramaFever streaming service on October 16, resulting in layoffs for 20% of the company's 110 employees. WarnerMedia also closed the FilmStruck streaming service on November 29.