Disney’s Maker Studios cuts hundreds of online networks | OTT | News | Rapid TV News
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The online video multichannel network (MCN) powerhouse of the Disney organisation, Maker Studios, is making some significant changes — including slashing its stable of content creators.

maker studiosMaker earlier this week dropped YouTube star Felix ‘PewDiePie’ Kjellberg over alleged anti-Semitic remarks. And now, it’s reportedly reducing its “thousands” of online networks to just 300 or so, according to The Hollywood Reporter. Those left standing will be the larger networks with bigger followings (and profit opportunities).

To go along with reducing its content footprint, the company will also perform a “significant” round of layoffs, according to the Reporter.

Disney acquired Maker in a high profile deal worth $675 million in 2014. Since then it hasn’t performed: while it generated $300 million in revenue last year, it hasn’t turned a profit.

In December, Disney folded Maker into its Consumer Products and Interactive Media division, and Courtney Holt stepped down as head of the company to become vice president of media and strategy for Disney proper.
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