Warner Bros. is closing what was one of the first studio-backed ventures to create original entertainment content for the Web, the Los Angeles Times reports.

The Burbank-based studio said shutting the site, called Warner Bros. Online, would help it save money. Around 20 employees will be laid off, with about 40 other employees redeployed to the studio's Digital Distribution unit.

Late last year, Warner Bros. cut 400 employees in Burbank and overseas operations in another cost-cutting measure.

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