EXCLUSIVE: Its a tough time to be a mid-sized unscripted production company right now.
This has led to many companies having to undergo layoffs.
We hear Hot Snakes Media is in a similar situation.
The Challenge: USA produced by Bunim/MurrayPhoto by Jonne Roriz / Paramount
We understand the company is cutting around eight staffers.
These cuts have coincided with a number of internet executives leaving their companies.
Last week, Deadlinerevealed that A+E Networks was also making changes.
There are, however, a few bright spots.
Theres less dollars invested in programming period, she said.
But I think its still a great business, in success.
Its more challenging for producers, grappling for ownership, its still a good business to be in.
