Disney in talks to buy YouTube network Maker Studios - report
SAN FRANCISCO (Reuters) - Walt Disney Co (DIS.N) is in talks to buy Maker Studios, potentially valuing the fast-growing developer and publisher of YouTube entertainment videos at half a billion dollars or more, tech blog Re/code reported on Tuesday, citing anonymous sources.
If the deal goes through, it would be one of the largest investments in a YouTube developer by a traditional media giant. In past years, the website, which is owned by Google Inc (GOOG.O), has tried to beef up revenue by fostering a community of professional and commercial developers, spurring the growth of channels such as Machinima and Maker.
Maker draws some 5.5 billion views monthly and has raised some $70 million in financing through investors such as Time Warner Investments.
Disney declined to comment. Maker Studios was not available for comment.
(Reporting by San Francisco Newsroom; Editing by Leslie Adler)
- Tweet this
- Share this
- Digg this
- China building South China Sea island big enough for airstrip - report
- India approves $2.6 bln mounted gun purchase - official
- Islamic State kills at least 25 Iraqi tribesmen near Ramadi - officials
- U.S. plans to arm Iraq's Sunni tribesmen with AK-47s, RPGs, mortars
- Volunteer snow shovelers hit Buffalo streets as flooding fears rise |
A U.S. judge on Friday gave final approval to Apple Inc's agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices. Full Article