After twenty-one years, Rooster Teeth is shutting down. Jordan Levin, RT’s General Manager announced during an all-hands meeting Wednesday and in a memo distributed to staff, that the Austin-based entertainment subsidiary would be closing its doors.
The decision was made by their parent company, Warner Bros. Discovery, which has had several unsuccessful attempts to sell their unprofitable fandom, gaming, and comedy division. Variety obtained the memo, which is available to read exclusively on their website. The closure will result in layoffs of its approximately 150 full-time employees and will throw dozens of contractors and content creators out of work.
Currently, Warner Bros. Discovery is in talks to sell certain Rooster Teeth catalog and intellectual properties such as their anime-inspired series, RWBY, their pioneering Sci-Fi parody Red Vs. Blue, and Michael B. Jordan’s animated mecha series GEN:LOCK. They are seeking to sell the Roost podcast network, with shows spanning gaming, true crime, fandom, comedy, and food, which for the time being will continue to operate.
Rooster Teeth was founded in 2003 by Burnie Burns, Matt Hullum, Geoff Ramsey, Jason Saldaña, Gus Sorola, and Joel Heyman. After multiple ownership changes, it became part of Warner Bros. Discovery two years ago.
Source: Variety
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