Wednesday 21 November 2012

Maker Studios Set to Raise $40 Million Round, Led by Time Warner

maker-studios-time-warnerNews outlets started speculating on November 15 that multinational media corporations were interested in making an investment in Maker Studios. The independent multi-channel YouTube network with over 28.8 million unique monthly US video viewers, 295 million monthly video views, and NicePeter, EpicLLOYD, KassemG, Shaycarl and many more recognizable names amongst its talent roster was reported to be the object of affection of at least Time Warner and Yahoo. Now, less than a week after the first stories broke about a funding round, Peter Kafka at AllThingsD writes a $40 million investment round in Maker Studios is imminent, with Time Warner Investments (the media conglom?s investment arm with a portfolio that looks equal parts media, advertising, gaming, and tech) taking the lead. Time Warner and Maker Studios are reportedly poised to close the deal in less than three weeks, which would come less than one year and nine months after Maker announced its first funding round. Greycroft Partners invested $1.5 million in the burgeoning network back in April of

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