The latest post on ‘ReadWrite’ is titled “Time Warner Invests $36 Million In YouTube Network Maker Studios”.

Fruzsina Eördögh says, “Time Warner has officially entered the YouTube content industry by investing $36 million into Maker Studios, a prominent network on the video-sharing site that gets roughly 2 billion views a month. (So much for the rumors of Yahoo snapping up the network!) The Time Warner Investments group deal is for $1 million more than Google invested in Machinima – typically seen as the leading YouTube network – and marks the first time a major outside media conglomerate has made a big investment in the YouTube space.

Rachel Lam, the head of Time Warner Investments group (which led the investment whichincluded big names like Robert Downey Jr and Elizabeth Murdoch), will also join the board of directors at Maker Studios”.

Time Warner Invests $36 Million In YouTube Network Maker Studios

ReadWrite

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