Chad E. Gutstein will take over as Chief Executive Officer ofย Machinima, as the media company behind several popularย YouTube channels is in a period of transition — one that has brought both layoffs and new funding.
Gutstein is a veteran cable executive and was Chief Operating Officer ofย the Ovation television network.ย He takes over from co-founderย Allen Debevoise, who announced he was stepping down as CEO in November and helped lead the search for his replacement.
Gutstein’s name was mentioned frequently in reports about who would take the reins at the company, as was that ofย former Shine America CEO Emiliano Calemzuk.