theStream Shuts Down

Thursday evening, Brian Gramo, founder of the Stream.tv, announced that effective this week, the Stream is shutting down production. Evo energy drink had been sponsoring the network; however, the company decided to end its sponsorship prompting Gramo to layoff the Stream’s employees and shut down production. Gramo intends to marshal the existing resources and any future donations towards revamping the Stream’s studio. The plan is to equip the studio with professional grad equipment then rent it out during the day as a way of supporting the Stream’s nighttime slate of original programming.

Update: The Stream has created a new donation and news page for those interested in making a donation or in keeping up with its efforts to stay afloat.