Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter . 60Frames had been incubated within the United Talent Agency and Spot Runner. Tags: 60frames online entertainment content hollywood studio layoff shutdow 60Frames had raised $3.5M in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing.

Los Angeles-based Spot Runner has laid off 115 employees, as part of a new strategic plan, a spokeperson for the firm confirmed Monday. According to Spot Runner, the 115 represents about 30 percent of the company. Spot Runner provides online services that help place television advertising, and is venture backed by Daily Mail and General Trust (DMGT), Grupo Televisa, Legg Mason Capital Management, A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment."