Los Angeles – Digital production studio and ad sales firm Ripe Digital Entertainment has shut down, Deadline Hollywood Daily reported.
Founded in 2004, the Los Angeles-based company had raised at least $45 million in venture capital, including a $32 million round in 2006 from investors including Hearst Television, Time Warner, Columbia Capital and Rho Ventures.
Ripe had distribution deals for its content, which included shows like "Girls of FHM" and "Stuff 4 Dudes," with Comcast and Time Warner Cable, and had signed on advertisers such as Cingular and Dodge.
PaidContent reports that the company is currently seeking a buyer for its assets.
Ripe joins fellow digital production firms ManiaTV and 60Frames, which have also shuttered this year.
http://snipurl.com/k8xp9 (Deadline Hollywood Daily)