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Report: Disney looking to buy major YouTube content provider

By Agence France-Presse
Tuesday, March 11, 2014 20:59 EDT
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Walt Disney Studios [AFP]
 
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Media and entertainment giant Disney is in talks to buy Maker Studios, one of the largest content providers for online video sharing website YouTube, a report said Tuesday.

Specialist website Re/code cited “people familiar with the negotiations” and said the transaction would value Maker Studios at $500 million or more.

“If it goes through, it would be by far the biggest bet by a traditional media company in a company built on top of YouTube,” the report said.

Maker Studios says its videos are viewed a total of 5.5 billion times per month, most of them on YouTube.

Last week Disney said it had made a deal with satellite operator Dish Network to allow its channels to be watched over the Internet — streamed to smartphones, tablets, computers, or a traditional TV.

Disney channels include ABC, Disney Channel and ESPN.

[Image via Agence France-Presse]

Agence France-Presse
Agence France-Presse
AFP journalists cover wars, conflicts, politics, science, health, the environment, technology, fashion, entertainment, the offbeat, sports and a whole lot more in text, photographs, video, graphics and online.
 
 
 
 
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