Around the Net
Time Warner Leads $40M Investment Round In Maker Studios
- All Things D, Wednesday, November 21, 2012 2:21 PM
Time Warner is said to be leading a $40 million round of investment in start-up Maker Studios, which "specializes in creating and distributing clips" for YouTube, writes Peter Kafka. Reports of this deal (but not how much money Time Warner will actually put in) come from unnamed sources who say the funding "should close within the next three weeks." Some of the money will reportedly "go toward building out the company’s direct sales force," writes Kafka.
