Dave Scott, the CEO of Comcast’s Spectacor division, introduced the shutdown in an inner memo obtained by Deadline earlier than it was even despatched, saying that the channel has had low viewership and has not “achieved sustainable monetary outcomes.”
“That is actually not what we hoped for, and, because of this, we now have made the very troublesome determination to discontinue G4’s operations, efficient instantly,” Scott writes.
G4 made its return final 12 months on a number of networks, together with Comcast / Xfinity, Verizon Fios, Cox, and Philo. It debuted with reveals like Assault of the Present, Xplay, and Ninja Warrior, in an try to pander to the nostalgia of viewers who tuned into the community 20 years in the past. The corporate additionally had a multi-year settlement with Twitch, the place it hosted the occasional stream earlier than its return to linear tv.
Scott provides that the corporate’s human assets staff will attain out to staffers on the G4 staff to “talk about different alternatives which may be out there.”