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HUSSLUPfounder and CEO H Schuster notified users on Wednesday that it would be select an “ indefinite hiatus ” start Friday , according to an email seen by TechCrunch . The job hunting and internet app for the entertainment industry was launched to the world in January after being in an invite - only genus Beta phase angle for the past three eld and has 15,000 member .
In an electronic mail to users , Schuster noted that the amusement industry is feel an “ incredibly challenging sentence . ”
“ I am deeply attached to HUSSLUP ’s delegation , and my fondness is break that we are unable to survive this intriguing time for the amusement manufacture . I know that many of you are also sputter during this industriousness contraction and I wish all of you success in your professional endeavors , ” Schuster write .
Despite aslight uptickin task , the unemployment rate in Hollywood is still eminent compared to two years ago . In June , the number of hoi polloi hire in the entertainment diligence in Los Angeles hit itslowest pointin over 30 years , per the U.S. Bureau of Labor Statistics . The Art Directors Guildreportedin May that 75 % of its 3,000 extremity were unemployed .
The decline in job could be attributed to several factors , let in the wake of the2023 WGA and SAG - AFTRA strikes , as well as significantlayoffs at major studio such as Amazon , MGM Studios , and Pixar , as they look to slim toll . The investment in AI tools to streamline film and TV output may have also contribute to this decline .
“ The strikes and diligence contraction military post ‘ streaming wars ’ has made it challenging for the company to drive revenue and raise money , which has made it necessary to take a hiatus , ” Schuster say in a program line to TechCrunch . “ We know this prison term is challenging for our member as well , and we are trying to be transparent with them . ”
It ’s also a difficult time for startups in worldwide , as many have struggled to attract novel Washington . Schuster enjoin the company has done “ everything in our office to raise monetary fund to avoid this shut down . ” In 2022 , HUSSLUP raised $ 2.5 million in funding , follow a pre - seed heave the year prior .
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When the industry ( hopefully ) bounce back , the caller hope to relaunch .
The inauspicious news program comes a workweek after HUSSLUPannouncedits new AI - powered studio , Greenlight Studio , which offers feature article like “ Full Script Assessment ” to help screenwriters improve their script .
When the app goes on hiatus at 8 a.m. PT on Friday , the company says all users ’ visibility datum will be deleted . HUSSLUP create a newFacebook radical , though , to help its members stay attached .
