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CORRECTED-Disney in talks to buy YouTube network Maker Studios -report
March 11, 2014 / 8:46 PM / 4 years ago

CORRECTED-Disney in talks to buy YouTube network Maker Studios -report

(In paragraph three, corrects Maker investor to Time Warner Investments, not Time Warner Cable)

SAN FRANCISCO, March 11 (Reuters) - Walt Disney Co is in talks to buy Maker Studios, potentially valuing the fast-growing developer and publisher of YouTube entertainment videos at half a billion dollars or more, tech blog Re/code reported on Tuesday, citing anonymous sources.

If the deal goes through, it would be one of the largest investments in a YouTube developer by a traditional media giant. In past years, the website, which is owned by Google Inc , has tried to beef up revenue by fostering a community of professional and commercial developers, spurring the growth of channels such as Machinima and Maker.

Maker draws some 5.5 billion views monthly and has raised some $70 million in financing through investors such as Time Warner Investments.

Disney declined to comment. Maker Studios was not available for comment. (Reporting by San Francisco Newsroom; Editing by Leslie Adler)

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