Report: ManiaTV On The Block

Los Angeles-based ManiaTV, which produces and distributes online content, is reportedly looking for a buyer, and has hired investment bank Updata Advisors. According to a report in TVWeek, the firm is hoping to find a buyer by the end of the month. Neither Peter Hoskins, the firm's CEO, or the firm's public relations firm responded to emails for comment on the report as of press time. Hoskins had told socalTECH earlier this month that the firm was "actually selling and living off what we do," and saying that the firm was "moving out of the venture backed stage."