evidence: Cartoon Network issued a statement clarifying that rumours of the network or its studio shutting down are untrue. "Cartoon Network would like to clarify that there is no truth to the speculation that the network or the studio is shutting down. With a number of recently announced greenlights, we remain committed to continually investing in innovative content that entertains and inspires our viewers across the globe," the company stated. The video attributed these issues to greed, claiming that big studios improved their financials by reducing spending and cutting staff, allowing CEOs and executives to reap the benefits. It urged viewers to spread the word by posting about their favourite Cartoon Network shows with the hashtag #RIPCartoonNetwork and to follow the account for more ways to support the cause. [...] As the hashtag gained traction, rumours began to circulate that Cartoon Network was shutting down permanently. However, these claims are false. The account "Animation Workers Ignited," associated with the animators' union, is using the hashtag #RIPCartoonNetwork to highlight the challenges faced by industry workers. The channel itself is not shutting down.