Jonathan Skogmo, founder and CEO of LA-based entertainment company Jukin Media has stepped down after 12 years at the helm.
Skogmo exited the company that he launched in 2010 yesterday and said that his next step is “unknown.”
Jukin Media was founded by Skogmo with the goal of supplying the worldwide media, advertising, and entertainment industries with user-generated video content. It now owns and operates a portfolio of digital video properties and linear channels, including People Are Awesome, FailArmy and The Pet Collective.
In June 2020, Jukin Media signed a deal with streaming video brand Obsesh Media to license and distribute original series across its channels.
Last year, the firm was acquired by Trusted Media Brands, a portfolio of user-generated and community-based lifestyle brands including Reader’s Digest, Family Handyman and Taste Of Home.
“Merging Jukin with Trusted Media Brands was the best option for the business, the stock holders and employees. I’m confident in the success of the combined entity. TMB will go on to do great things and continue to innovate our industry. And I’ll be rooting you all on,” wrote Skogmo in a statement yesterday.
“As far as next steps, the unknown is exhilarating. I know the best way to predict the future is to create it.”