Disney To Buy YouTube Video Supplier Maker Studios
LINDA WERTHEIMER, HOST:
And today's last word in business is: Moneymaker - as in, Maker Studios.
The company is a big deal in the world of short form entertainment Web videos, with more than 55,000 channels, 380 million subscribers and five billion views a month on YouTube.
DAVID GREENE, HOST:
And it is one of the top online video networks for young audiences. It has a video series called "Epic Rap Battles of History." This one pits Nicola Tesla against Thomas Edison.
(SOUNDBITE OF YOUTUBE'S, "EPIC RAP BATTLE OF HISTORY")
WERTHEIMER: Seems the Walt Disney Company wants a piece of the online video action. It announced yesterday plans to buy Maker Studios for $500 million and another potential $450 million to Maker's shareholders if it meets certain performance targets.
GREENE: Maker Studios falls in line with was other Disney acquisitions, including Marvel and also the Star Wars enterprise. Now I guess it's time to hear rapping between Mickey and Captain America.
That is the business news on MORNING EDITION from NPR News. I'm David Greene.
WERTHEIMER: And I'm Linda Wertheimer.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.