Participant Media to shut down Pivot
The Los Angeles-based company is winding down its struggling cable network as it seeks to focus on content creation and social impact amid a climate of TV network consolidation, rising programming costs and increasing consumer choice.
It is understood Pivot will close later this year. At time of writing it remained unclear how many people would lose their jobs but sources at Participant said this did not reflect their work and added the company would help to support them going forward.
Pivot’s shows included Secret Lives Of Americans, Please Like Me, Angry Planet, Fortitude and Joseph Gordon-Levitt’s Hit Record (pictured).
“As the media landscape changes, we have been evaluating how we fulfil our mission to entertain and inspire social action around the world’s most pressing issues,” said Participant Media CEO David Linde.
“That process has led us to the decision to move away from owning and operating a cable network. While this conclusion...
It is understood Pivot will close later this year. At time of writing it remained unclear how many people would lose their jobs but sources at Participant said this did not reflect their work and added the company would help to support them going forward.
Pivot’s shows included Secret Lives Of Americans, Please Like Me, Angry Planet, Fortitude and Joseph Gordon-Levitt’s Hit Record (pictured).
“As the media landscape changes, we have been evaluating how we fulfil our mission to entertain and inspire social action around the world’s most pressing issues,” said Participant Media CEO David Linde.
“That process has led us to the decision to move away from owning and operating a cable network. While this conclusion...
- 8/17/2016
- by jeremykay67@gmail.com (Jeremy Kay)
- ScreenDaily
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