Janko Roettgers, writing at Variety, on BitTorrent shutting down its streaming service:
BitTorrent has fired its two co-CEOs Robert Delamar and Jeremy Johnson and laid of an unknown number of staffers, Variety has learned from multiple sources. BitTorrent CFO Dipak Joshi has stepped in as interim CEO.
The company is also closing its Los Angeles-based production studio and shuttering its BitTorrent Now video streaming efforts. This comes just months after BitTorrent announced a renewed focus on media under the leadership of Delamar and Johnson.