Why did G4TV shut down? Breaking down Comcast's decision
Digital network company Comcast Spectacor has announced that G4TV will be discontinued shortly. The company's Twitter account broke the news to the gaming community after releasing an official statement revealing that the venture would be shutting down. Additionally, they also stated that the remaining employees would be laid off.
For those unaware, G4TV is a reincarnation of the original network company that was launched in the early 2000s. Their unfortunate shutdown came after the company did not meet its fiscal goals.
Comcast Spectacor's CEO, Dave Scott, forwarded a memo to the active employees announcing their shutdown. A handful of workers have been affected by this news. G4TV declared that they will be working to provide some internal solutions to the untimely layoffs.
G4TV relaunched on November 2021. The content set to be aired on the channel was the comedy gaming series Scott The Woz. However, since re-releasing itself, the broadcast company has not done very well financially, resulting in Comcast pulling the plug.
Yesterday, the company's CEO shared an email with the rest of the workers to announce their departure. Dave Scott stated:
He further continued:
However, Scott also declared that his team will be working on possible opportunities for the laid-off employees.
He added:
The lay-offs have certainly been one of the biggest points of discussion. Earlier this year, the company announced that it had no intention of scaling back. Notwithstanding this statement, Xplay host Indiana “Froskurinn” and Attack of the Show!co-host Kevin Pereira left the company.
Following his departure, Kevin said:
According to The Washington Post, employees were unjustly treated in the closing days. Nathan Grayson wrote:
Despite trying to
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