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Rooster Teeth is shutting down after an over two-decade-long run.
In a memo to employees obtained by Variety, Rooster Teeth general manager Jordan Levin wrote that the company is closing “due to challenges facing digital media resulting from fundamental shifts in consumer behavior and monetization.”
Warner Bros. Discovery, which owns Rooster Teeth, is in talks to sell the rights to some of the production company’s series, including RWBY, Red vs. Blue, and Gen:Lock, Variety reports. And while WBD is also reportedly looking to sell the Roost podcast network, it will remain operational.
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