Just over 3 years after a launch, cable/satellite network Pivot is set to close down.
On Wednesday, Participant Media, that owns and operates Pivot, announced skeleton to finish a network’s run. Pivot strike a atmosphere in Aug 2013 with a wish of appealing to a millennial generation, though after unwell to find an audience, a network will go dim by a finish of a year.
“As a media landscape changes, we have been evaluating how we perform a goal to perform and enthuse amicable movement around a world’s many dire issues,” pronounced David Linde, CEO of Participant Media, in a statement. “That routine has led us to a preference to pierce divided from owning and handling a wire network. While this end was not an easy one, it is eventually in a best seductiveness of all a stakeholders, and allows us to allot some-more resources toward a prolongation of constrained calm opposite all platforms.”
Participant Media has found many larger success in film, where a association has been concerned with such projects as a Steven Spielberg-directed and Tom Hanks-starring Bridge of Spies, a 2016 Best Picture Oscar winner Spotlight, and a arriving Deepwater Horizon about a 2010 BP oil brief in a Gulf of Mexico starring Mark Wahlberg.
The many important shows on Pivot, that transposed Documentary Channel, were HitRecord, a accumulation array starring Joseph Gordon-Levitt, and Fortitude, a critically successful British show set in Arctic Norway.