UPDATE, 12:11 p.m.: Next Media has released an animation denying reports that it is for sale.
Taiwanese animation studio Next Media is the latest startup to fall over the Internet hype cliff. The concept had a ragingly successful debut with computer-generated cartoons summarizing big news stories where video was not available. Tiger Woods driving into a tree, the story of JetBlue flight attendant Steven Slater’s dramatic walkout–we clicked, and we laughed. But the company is up for sale after a made-for-television venture failed to get traction, reports the Taipei Times. Read More