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FanLib.com Shuts Down

Los Angeles-based FanLib.com, an online site focused on "fan fiction"--fan created stories based on popular characters and movies--has shut down. According to a notice on FanLib's web site, the site will shut down on Monday, August 4th. No reason for the shutdown was given. Fanlib was backed by $3M in venture capital by H.I.G. Capital. paidContent.org's Rafat Ali speculated in a story earlier today that a deal for Disney to purchase the site had fallen through; paidContent had reported a possible deal for the firm by Disney in June.


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