Disney to Acquire Top YouTube Network Maker Studios for $500 Million

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By Josh Dickey2014-03-24 22:01:16 UTC

Disney has agreed to purchase top YouTube network Maker Studios for $500 million, the media giant confirms to Mashable.

Maker will remain based at its Culver City, Calif., facility and report to Disney chief financial officer Jay Rasulo, according to a Disney press release. Maker has established itself as a top online video network, with more than 55,000 channels, 380 million subscribers and 5.5 billion monthly views.

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Topics: disney, Entertainment, Film, Television, Video, YouTube