Tuesday, March 25, 2014

Disney's purchase of Maker a boon for LA startups

File-In this Dec. 16, 2011 file photo, crew members work on a costume at the Maker Studios in Culver City, Calif. Disney said Monday March 24, 2014, that it is buying YouTube channel operator Maker Studios for $500 million as the family entertainment giant aims to stay in front of younger audiences who are increasingly watching short videos online. (AP Photo/Jae C. Hong, File) LOS ANGELES (AP) — Disney's $500 million purchase of YouTube video producer Maker Studios is a sign that the entertainment industry's content and technology startups are coming of age and proving to be as valuable to Hollywood as app makers are to the giants of Silicon Valley.








via Entertainment News Headlines — Yahoo! News

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