21 years after its creation, Rooster Teeth (RWBY, gen:LOCK) will close its doors. The announcement was made by the manager Jordan Levin in an internal statement, where he justified the closure of the studio with “the challenges faced by digital media resulting from fundamental changes in consumer behavior and monetization through platforms, advertising and sponsorship.”
A Warner Bros. Discoverythe company that owns the Rooster Teethyou will explore options for your IPs, such as RWBY It is gen:LOCK.
In the statement we can read:
Since our founders created and uploaded their first video on the then-called World Wide Web in 2003, Rooster Teeth has been a source of creativity, laughter and lasting innovation in the highly volatile media industry.
We’ve read the headlines about layoffs and closures across the industry, and you’ve heard me give my perspective and updates on the rapidly changing state of media and entertainment during each of our monthly all-hands meetings.
Since inheriting ownership and control of Rooster Teeth from AT&T following its acquisition of TimeWarner, Warner Bros. Discovery continued its investment in our company, content and community. Now, however, it is with a heavy heart that I announce that Rooster Teeth is closing due to the challenges facing digital media resulting from fundamental changes in consumer behavior and monetization across platforms, advertising and sponsorship.
Please note that the Roost team is currently not affected by this action. Roost Podcast Network will continue to operate and fulfill its obligations while WBD evaluates outside interest in acquiring this growing asset.
A Rooster Teeth is known for franchises RWBY It is Red vs. Blue, among others. The company produced the animated series gen:LOCKwhich premiered in 2019 and together with Polygon Pictures co-produced the series Transformers: War For Cybertron. The company’s first series, Red vs. Bluewill have its final season this fall.
