![]() Maker Studios will report to Disney Chief Financial Officer Jay Rasulo. “Disney is synonymous with the best entertainment and is the ideal partner for us, strengthening our position as the leading player in online video,” said Ynon Kreiz, Executive Chairman and CEO of Maker Studios. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Short-form online video is growing at an astonishing pace and with Maker Studios, Disney will now be at the center of this dynamic industry with an unmatched combination of advanced technology and programming expertise and capabilities,” said Robert A. With more than 55,000 channels, 380 million subscribers and 5.5 billion views per month on YouTube, Maker has established itself as the top online video network for Millennials.īy acquiring Maker Studios, Disney will gain advanced technology and business intelligence capability regarding consumers’ discovery and interaction with short-form online videos, including Disney content. Maker Studios shareholders will receive total consideration of $500 million, and a performance-linked earn-out of up to $450 million if the strong performance targets are met. Related: Is Google Growing Its Own Online Video Competition?īURBANK, Calif., Ma– Furthering its goal of bringing content to consumers on all the platforms they prefer, The Walt Disney Company (NYSE:DIS) has agreed to acquire Maker Studios, the leading network of online video content on YouTube. The reported talks also come after Disney’s announcement last week that it was laying off 26% of its interactive division. ![]() ![]() Online video company FullScreen also scored an investment led by Comcast and others, and in May DreamWorks Animation agreed to pay $33 million for YouTube destination AwesomenessTV. a YouTube network aimed at gamers and other young men. Just yesterday we reported on Warner Bros leading an $18 million financing effort for Machinima. This is the latest move by a traditional media company to expand its focus on digital content. According to Maker Studios, the multichannel network generates 5.5 billion video views a month, with almost all of its content on YouTube. Disney reportedly is in talks to buy Maker Studios for at least $500 million, Re/Code reports, citing people familiar with the negotiations. PREVIOUSLY, MARCH 11: The deal isn’t set, but if it makes, it would represent the biggest bet yet that a Hollywood studio has made in a company built on YouTube, the world’s largest video site. The full release is below the original story. Disney said Maker Studios shareholders will be compensated to the tune of $550M plus a “performance-linked earn-out” of as much as $450M more. Keep watching after the credits for a special Easter egg (which may or may not include a raptor).UPDATE, 2:35 PM: Nearly two weeks after the first report surfaced about an acquisition of the multichannel YouTube network, the studio made it official today. First in the crosshairs: Steven Spielberg’s Jurassic Park, which returns to the big screen in 3D this weekend for its 20th anniversary. Remix the Movies is a series that imagines alternative takes on some of Hollywood's most iconic moments. ![]() We're happy to make available the first episode in Picture Show’s all-new comedy series, Remix the Movies. Utilizing Maker Studios’ roster of YouTube talent, along with writers and stars from College Humor, Upright Citizens Brigade and our own Tribeca family, Picture Show will specialize in original content that blends the Maker sensibility with Tribeca's cinematic focus. Picture Show officially kicked off yesterday with a special video from YouTube phenoms Mary Doodles and givememotion, who joined forces to offer their take on the history of film (in just one minute). We’ve collaborated with the famed Maker Studios to bring you Picture Show, a new YouTube channel for comedy nerds and movie lovers. ![]()
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