SAN FRANCISCO 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)
Trending On Reuters
France will "go all the way" to ensure that multinationals operating on its soil pay their taxes and more cases could follow after Google and McDonald's were targeted by tax raids, Finance Minister Michel Sapin said. Full Article