Rooster Teeth, a preferred animation, comedy and gaming studio owned by Warner Bros. Discovery, is being shut down after 21 years.

“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. It’s with a heavy heart I announce that Rooster Teeth is shutting down due to challenges facing digital media resulting from fundamental shifts in consumer behavior and monetization across platforms, advertising, and patronage,” wrote Jordan Levin, the overall supervisor of Rooster Teeth, in line with Hollywood Reporter.

The Roost Podcast Network, which has over 80 episodes, will nonetheless be in operation. Additional IP similar to Red vs Blue, RWBY and Gen:LOCK, “remain in discussion,” the corporate stated.

What is Rooster Teeth well-known for?

The firm is headquartered in Austin, Texas. Founded in 2003 by Burnie Burns, Matt Hullum, Geoff Ramsey, Jason Saldaña, Gus Sorola, and Joel Heyman, the corporate started with the launch of Red vs. Blue, an internet collection primarily based on Halo, a video game. Eventually, the corporate grew to become well-known for live-action shorts, comedy series, video-game improvement, in addition to podcasts on meals, fandom, life-style and so on. The YouTube channel of Rooster Teeth has over 9 million subscribers. It has garnered billions of views.

It has been reported that the corporate being shut down might result in the layoff of roughly 150 staffers. Other contractors and creators will even lose their jobs. WBD is now trying to promote its related belongings, together with The RT Podcast, Anthony Padilla’s I Spent a Day With…, The Kinda Funny Podcast, in addition to the podcast for the DC Max collection Peacemaker.

“Warner Bros. Discovery thanks Rooster Teeth’s groundbreaking creators and partners, and the strong management team, for their many years of success. Your passionate and loyal fans are testament to your achievements,” Warner Bros. Discovery stated in an announcement.