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Disney's Maker Studios to face layoffs

http://variety.com/2017/digital/news/maker-2017-layoffs-disney-1201989473/



If you are wondering who Maker Studios are they carry the distribution and production rights to certain Youtube Shows and the layoffs are at play here. Note this is unrelated to the Pew Die Pie Fiasco.


Sources said the layoffs are separate from Maker’s decision earlier this week to sever ties with PewDiePie — the biggest YouTube creator on the platform and Maker’s single largest talent — over his prank videos involving anti-Semitic rhetoric. That said, Maker has employed a team dedicated solely to PewDiePie, as well as managing the Revelmode gaming and content joint venture with him.

The Maker cutbacks also come after a complete change-out of its senior executive ranks. In December, Disney put Maker Studios under the leadership of Andrew Sugerman, executive VP of DCPI’s Content & Media area. Courtney Holt, who had previously been running Maker (after former CEO Ynon Kreiz left in December 2015), has moved into a role at Disney corporate as executive VP of media and strategy reporting to Kevin Mayer, senior EVP and chief strategy officer.

Maker — which has touted its network as once encompassing some 60,000 individual creators — will be focusing its efforts around the most popular talent. Top creators in the Maker network include Bratayley, CaptainSparklez, Cartoonium, Epic Rap Battles of History, EvanTubeHD, Game Grumps, HobbyKidsTV, Shay Carl, Strawburry17, the Gregory Brothers and Timothy DeLaGhetto.

For Disney, an objective is to boost the intellectual property that Maker Studios generates and to take content and talent across multiple platforms. Since the deal closed, “Maker and Disney haven’t been able to produce a breakout digital star,” said a source.

Disney bought Culver City, Calif.-based Maker Studios in 2014, ultimately paying $675 million (less than the $950 million maximum potential price tag). Last summer, Maker laid off about 30 employees in what it called a “strategic adjustment” of resources.
 
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