/// Another Big YouTube Bet: Time Warner Leads $40 Million Maker Studios Round
Here comes more money for YouTube videos. But these dollars don’t come from YouTube: Time Warner is leading a big round of financing for Maker Studios , a startup that specializes in creating and distributing clips for the video giant. The media conglomerate, via its Time Warner Investments arm, is leading a $40 million round that sources say should close within the next three weeks. I don’t know the other players in the round, and they not be set yet. I also don’t have a pre-money valuation for the Los Angeles-based company, but it should be at least $150 million, which would put the total value for the company in the $200 million range by the time the deal is done. Maker had previously raised $4 million from Greycroft Partners and GRP Partners . Last week Variety reported that Time Warner was considering an investment in Maker. Both Maker and Time Warner declined to comment.
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Another Big YouTube Bet: Time Warner Leads $40 Million Maker Studios Round