SAN FRANCISCO—According to a report from Variety, BitTorrent is shutting down its BitTorrent Now video streaming service for content creators, as well as firing co-CEOs Robert Delamar and Jeremy Johnson and instituting a broader employee layoff. No comment has been issued as of yet from BitTorrent, but the report also indicates that the company’s CFO Dipak Joshi has been named interim CEO and that BitTorrent’s Los Angeles-based studio is being shut down.

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SAN FRANCISCO—BitTorrent has rebranded its Bundle video platform to BitTorrent Now as part of a plan to add apps for mobile devices and connected TV platforms. The first step in this plan is BitTorrent’s announcement that it will launch on Google Play/Android. Additional expansions to iOS smartphone and tablets and Apple TV are expected in the near future.

TV Technology sister publication Multichannel News has the full story.