Disney acquires YouTube video network Maker Studios for 500 million!

[ETRJ]

http://www.polygon.com/2014/3/25/5545360/disney-acquires-youtube-video-network-maker-studios

The Walt Disney Company announced today that it acquired Maker Studios, a YouTube video network, in deal worth $500 million.

The transaction is subject to regulatory clearances and is expected to close in Disney's third fiscal quarter. Once approved, the network's shareholders will receive a total of $500 million, with a "performance-linked earn-out of up" to $450 million if performance targets are met. Maker Studios will report to Disney CFO Jay Rasulo and the company's headquarters will remain in Culver City, Calif., with branches in New York and London.

With a millennial target demographic, Maker Studios features of more than 55,000 channels, 380 million subscribers and 5.5 billion views per month on YouTube. The network's biggest personality is 24-year-old Felix "PewDiePie" Kjellberg, who has more than 25 million subscriber and frequently streams video games.

Disney will gain advanced information on "consumers' discovery and interaction with short-form online videos" through the acquisition, according to the announcement.

More information at the link.

[Gunzkewl]

Da fuq is going on..

[RelentlessAF]

Repost.

[Rashy]

I knew it...  Stop them before they gone into the PC WORLD AND BUY EVERY MANUFACTURER!!

[MangoJuiceStain]

Why is everyone acquiring each other? Like seriously companies need to calm the fuck down.

[tboxy]

so doger is working for Disney now eh 

[Nineshadow]

Yet another repost...

[Imabigmac]

repost or not linus put this on his Facebook.... 

 

I think some companies know a lot more than we do. Clearly Facebook knew what they were doing when paying 15/19 billion for whatsapp- few of us canfigure out why the deal happened, but no one regardless of how stupid you think they are is going to spend half a billion dollars on a business deal without knowing why and having a good reason. 

[Misanthrope]

Why is everyone acquiring each other?

 

That's the way Capitalism works son:

[Crabtr]

so doger is working for Disney now eh 

Dooger is a Disney star now 

[Yourgamertag]

This scares me alot actually

 

[Riddler356]

would that mean disney would indirectly own pewdiepie 0_0

[bob345]

lol, by the end of 2014 there will only be one company left in the world at this rate haha

[Misanthrope]

repost or not linus put this on his Facebook.... 

 

FYI that doesn't means much to moderation here: I had one news item title edited even after Linus himself posted it on Facebook complete with the oh so misleading and offensive title. So either he quotes stuff and ask for it to be moderated and edited anyway or he's unaware and/or doesn't care.

[FlamingDefibs]

Why is everyone acquiring each other? Like seriously companies need to calm the fuck down.

 

Why not? That's the way it's always been - to acquire resources, to eliminate (potential) competition.