VENN furlough nearly half of staff, cancel ‘Facecheck’ show – Dot Esports

VENN furlough nearly half of staff, cancel ‘Facecheck’ show – Dot Esports

Gaming and esports network VENN is furloughing nearly half of its 15-employee staff and scaling down content amid ongoing acquisition talks with potential suitors, VENN co-CEO Ariel Horn confirmed to Dot Esports.

Ahead of its acquisition, the company will stick to branded sponsorship content and white label production opportunities to reduce cost and increase revenues, Horn said. With those changes, VENN will cancel production of its League of Legends talk show “Facecheck” with IWillDominate, LS, and Daniel “dGon” Gonzales. 

VENN is working with dGon, who is among the employees who will be furloughed, to find a future path for “Facecheck” so the show can continue. Horn said the company will produce one more “Facecheck” show this week before it ceases production.

“We’re working with [them] to find another solution,” Horn said. “I can’t really get too deep into that as it’s an ongoing discussion for the best future home for Facecheck and what it would mean as we’re in these next few weeks, because there’s a bunch of potential outcomes still.” 

The move to reduce the network’s content creation comes after it hired Texas-based accounting firm Armanino LLP to explore acquisition opportunities on an “accelerated” basis, as reported by Dot Esports in July

Horn reaffirmed earlier statements the company is looking to close an acquisition, at least verbally or on terms with a counterparty, by the end of August or beginning of September. In a July interview with Dot Esports, Horn said he expected