We don't post often to the Smashface blog because we're usually busy making content and staying involved with the online video community. But when we do post something, it usually has to do with a major event or announcement. This falls into that category.
Seems like we just posted the announcement about EPIC FU joining forces with Revision3 in a web licensing deal, but about a week ago Revision3 let us know that despite a year of record revenue and viewership, they are feeling the effects of the economic crunch and need to make some urgent and tough decisions. As of the end of 2008, Revision3 will no longer be the web licensing partner for EPIC FU, and we'll be leaving their network of shows. We wish Revision3 luck in the coming months and remain a fan and supporter of their shows.
There's been some well-documented contraction in the tech world lately, and the online video sector is feeling the effects. A harsh fourth quarter downturn in advertising sales combined with the decrease in licensing revenue for EPIC FU means that Smashface has also had to scale back by laying off three members of our production team. If you're looking for talented production personnel, Zadi and I heartily recommend getting in touch with Rick Rey, who produced 30+ episodes of EPIC FU and has been involved in creating the show for over a year. We will also miss Sarah Atwood, who co-produced over a dozen shows with us, and Daniel Merlot, a talented and versatile editor.
As we have since June 1, 2006, we will continue to produce the show each week and our long-term goals remain the same: find the best partners to grow and expand the EPIC FU brand across different mediums. With over 30 million views across the web since we launched, we know we've only scratched the surface of what we can do with this show. Although this economic climate is likely to stay with us for an extended period, the future of online video is too large to be permanently affected by this tough time.