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Disney to buy YouTube network Maker for $500M

Published March 24, 2014 4:11 pm

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Los Angeles • Disney is buying Maker Studios, an operator of YouTube video channels, for $500 million, as consumers watch more videos online.

The purchase gives Disney ownership of 55,000 channels with 380 million subscribers and 5.5 billion views per month.

Disney CEO Bob Iger said in a statement Monday that short-form online video is growing fast. He says the acquisition puts Disney at the center of a dynamic industry.