Maker Studios Obtains $40,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6b20791e-b6f0-4a80-a4bc-3c413940c437&Preview=1 -
Date
11/26/2012 -
Company Name
Maker Studios -
Mailing Address
13428 Maxella Avenue Marina del Rey, CA 90292 -
Company Description
Maker studios is a media company that bridges the gap between youtube and television. Maker is developing sustainable programming and building large audiences on YouTube with over 80 million subscribers and 1 billion monthly views across more than 1000 channels. -
Website
http://www.makerstudios.com -
Transaction Type
Venture Equity -
Transaction Amount
$40,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Sources say that at least some of Maker’s new round will go toward building out the company’s direct sales force.Maker can also use money to finance its large production arm, regardless of whether it renews its deals with Google in the coming months. And it can use some of it to help recruit new talent; it has had a falling-out with Ray William Johnson, a YouTube star who has stopped producing his “=3” show for the studio. -
M&A Terms
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Venture Investor
Time Warner Investments -
Venture Investor
Undisclosed
