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Calls and e-mails to ManiaTV CEO Peter Hoskins Friday have not been returned. Last week, Hoskins told The Deal that the online video startup had laid off 15 of its 33 employees in preparation for a sale. He claimed to be reviewing "a few solid offers," which he expected to present to the board of directors within a few days.
Rumors named Revision3, the online video service co-founded by serial entrepreneur Kevin Rose (founder of Digg Inc. and the recently deadpooled Pownce), as a likely buyer, but Revision3 CEO Jim Louderback quickly informed The Deal there was "nothing to the rumor." Former executives laid off by ManiaTV say the firm had been losing advertisers for months and had "zero revenues" during the first quarter of the year. Hoskins disputed the claim. In November, ManiaTV hired Updata Advisors to sell the firm. In December, the company added half a dozen employees just weeks after laying off 20 staffers. Also late last year, ManiaTV lost a significant content partner in rocker Dave Navarro (one-time guitarist for the Red Hot Chili Peppers), but Hoskins said it was a mutual decision and that the contract with Navarro had ended. As of Friday afternoon, ManiaTV's Web site's home page is operational, but subsequent pages are nearly blank. According to TechCrunch, online music video site PluggedIn also shuttered. The startup was financed with $2 million in venture funding from Will Smith's entertainment company, Overbrook Entertainment. Categories Deal Video
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ManiaTV Network Inc. has shut down, according to former executives and 
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