Hyped Web Video Sector Starts To Feel Recession (Mediaweek)

The suddenly hyper-saturated market for online video is facing an imminent, recession-induced shakeout.

In recent weeks, companies ranging from pure Web production firms like 60Frames and Revision3 to branded video sites like Break.com to aggregators such as Veoh have all had layoffs. At the same time, several high profile original Web series have disappointed.

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