Fullscreen -- the young-skewing subscription service -- is shutting down.
Fullscreen, which is owned by Otter Media -- a joint venture between AT&T and the Chernin Group -- launched last spring. It attempted to be a big broad play in the OTT (over-the-top) space for TV and movie content, a Netflix for younger demographics.
Fullscreen debuted with 800 hours of content, charging $4.99 a month -- about half the price of a Netflix subscription at the time. It features scripted original series, live and taped talk shows, and teen-targeted rerun dramas like “Dawson’s Creek.”
George Strompolos, CEO, wrote in an email to staffers: “We came to the conclusion that funding SVOD — a longer-term investment — was limiting our ability to invest in our Creator, Brand, and Rooster Teeth divisions that have more established scale and immediate impact.
“We will continue to identify and invest in talented creators and make ambitious bets to push the space forward. It’s in our DNA. I will share more details about our evolving strategy at the December all-hands meeting.”
FullScreen will stop airing during the first quarter of 2018. Fullscreen Media, the parent company of the FullScreen subscription service, will continue operations.