Machinima Names Gutstein New CEO

Los Angeles-based YouTube network Machinima said Monday that it has named Chad Gutstein as its new CEO, replacing outgoing CEO and co-founder Allen DeBevoise. According to Machiima, Gutstein is the former Chief Operating Officer of the Ovation television network. DeBevoise is apparently leaving to a new, "next generation video entertainment network" focused on gamers. Gutstein also served at BuyTV and Entertainment Media Advisors, among other positions.