60Frames had been incubated within the United Talent Agency and Spot Runner. Tags: 60frames online entertainment content hollywood studio layoff shutdow Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter . 60Frames had raised $3.5M

Spot Runner - 115 employees, 30 percent. The technology industry’s panicked rush to lay off employees, in fear of impact from the economy, is starting to hit Southern California. The latest: Veoh - 20 employees, or approximately 18-20 percent of its staff.

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, and Groupe Arnault/LVMH, A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment."