News Brief

Time Warner Financing Maker Studios

Time Warner is leading a big round of financing for Maker Studios, a start-up that specializes in creating and distributing clips for YouTube, reports All Things D. The media giant is marshalling a $40 million round that sources say should close within the next three weeks. When the deal closes, it will be the second chunk of money invested into YouTube-centric companies this year. In May, Google and other investors put $35 million into Machinima.

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