WarnerMedia, the new content company created after AT&T’s acquisition of Time Warner last June, announced a reorganization of its divisions on Monday that will bring many of its subsidiaries and brands — including Otter Media (Ellation, Crunchyroll, Rooster Teeth, VRV), Cartoon Network, Adult Swim, and Boomerang — into a single “Global Kids & Young Adults” unit.
AT&T folded Machinima into its digital media company Otter Media on January 1 as part of a larger restructuring that saw layoffs of about 10% of Otter Media’s staff.
Otter Media speaks loudly—and effectively—to the millennial/Gen Z audience and brings together highly passionate communities through content.
Since the acquisition, WarnerMedia closed the DramaFever streaming service last October, resulting in layoffs for 20% of the company’s 110 employees.