philip lelyveld The world of entertainment technology

Maker Studios Buys Blip, and a Home Outside of YouTube

Maker Studios, one of the biggest YouTube networks, is buying Blip, a video maker and distributor.

Blip officials informed their staff of the deal this morning, and it is expected to close in early September.

The most important takeaway, for now, is that the deal gives Maker a home outside of YouTube for its content.

Meanwhile, Maker, which has raised $44 million to date, including a $36 million round led by Time Warner last year, may get another cash infusion from investors in the coming months.

See the full story here: http://allthingsd.com/20130821/maker-studios-buys-blip-and-a-home-outside-of-youtube/?curator=MediaREDEF