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Stan Lee Media Slashes 19 Positions

Stan Lee Media Inc. has eliminated 19 positions, deciding to outsource animation production to overseas companies. The move is part of SLM's deal with Toon Boom Technologies to use its U.S. Animation software on SLM productions. The Web content creator said in a press release that the decision would allow the company to maintain quality animation while reducing internal overhead costs. Stan Lee Media currently produces Web action series 7TH PORTAL, THE ACCUSER and BACKSTREET PROJECT, and is publicly traded Web-based superhero-type content producer, started by comic book legend Stan Lee, the co-creator of SPIDER-MAN and THE HULK.

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Rick DeMott
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