iFilm has laid off 15 employees, or 10% of its staff. The move was made to release some pressure on the Netcaster's capital. The cuts were across many divisions and come on the heels of the firm's launching of three new projects the iFilm portal, the relaunch of iFilmpro and an online testing business. In the past year, iFilm has purchased film industry business-to-business services such as Film Finders, the Hollywood Creative Directory, Lone Eagle Publishing and TV Tracker. However, rumors have flourished that the company is backing away from a b2b model and refocusing on content.
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Animation World Network
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