×
You will be redirected back to your article in seconds

Time Warner Looked at Buying Fullscreen, But Decided to Pass: Source

Time Warner Inc. explored the possibility of buying YouTube multichannel network Fullscreen, but determined that the deal did not make sense given the high price tag the MCN was seeking, according to a source familiar with the talks.

The media conglom more than a month ago held talks with Fullscreen, the source said, after Disney announced its deal to acquire Maker Studios in a deal worth as much as $950 million. But Time Warner concluded an acquisition of Fullscreen would not pay back financially, the source said, who did not know how much Fullscreen was asking.

Reps for Time Warner and Fullscreen declined to comment. Time Warner’s discussions with Fullscreen were previously reported by Bloomberg.

Others reportedly interested in buying Fullscreen include Ryan Kavanaugh’s Relativity Media — which made an unsuccessful bid to wrest Maker from Disney last month — as well as AOL and Yahoo. Fullscreen’s investors include Peter Chernin’s Chernin Group, Comcast Ventures and global ad agency WPP.

SEE ALSO: Bob Iger Explains Why Disney Bought Maker Studios

Time Warner has delved into the MCN world already, but through investments rather than acquisitions. The company led $36 million in funding in Maker Studios in 2012, and Time Warner’s Warner Bros. led an $18 million round in guy-focused MCN Machinima in March.

Culver City, Calif.-based Fullscreen was founded in January 2011 by CEO George Strompolos, a co-creator of the YouTube Partner Program. The company says its 15,000-plus YouTube channels generate more than 3 billion monthly video views and reaches more than 300 million subscribers.

The MCN works with YouTube creators including The Fine Bros., whose TV series “ReactToThat” was just greenlit by Nickelodeon, filmmaker Devin Super Tramp, supergroup Our2ndLife (O2L) and musician Lindsey Stirling. Fullscreen also recently announced a deal with YouTube star Grace Helbig.

More Digital

  • YouTube logo

    YouTube Denies Report That It's Exiting Scripted Dramas, Comedies

    YouTube claims it is not pulling up stakes from original entertainment — denying a report by Bloomberg over the weekend that the Google-owned video service was cancelling plans for “high-end dramas and comedies” and had stopped taking pitches for “expensive” scripted shows. In a statement, a rep said, “YouTube denies the report” and cited its [...]

  • Apple to Launch New Apple TV

    This Is What Apple's New TV Service Will Actually Look Like

    Apple unveiled its much-anticipated video service at a press event in Cupertino Monday, promising a range of originals via its forthcoming Apple TV+ service as well as easy access to third-party video subscription services. But while many of the big names attached to Apple’s video efforts were known beforehand, one significant detail wasn’t: How are [...]

  • Apple Announces Gaming Subscription Service

    Apple Announces Gaming Subscription Service Apple Arcade

    Apple detailed its long-rumored gaming subscription service during a special event it held in Cupertino, California Monday. Apple Arcade is the world’s first game subscription service for mobile, desktop and living room, the company said. With a single subscription, you get access to more than 100 new and exclusive games. The games won’t be on [...]

  • Apple News Announcement

    Apple Unveils $9.99 News Subscription Service Dubbed Apple News+

    Apple unveiled a news subscription service called Apple News+ at its services event in Cupertino, Calif. Monday. The $9.99 service gives paying subscribers access to over 300 magazines as well as select newspapers and premium digital news services. “We believe in the power of journalism and the impact it will have on your lives,” said [...]

  • Katie Drummond - Vice Digital

    Vice Names Katie Drummond Senior VP of Digital

    Katie Drummond, who has worked as an editor in digital media and publishing for a decade, joined Vice Media as senior vice president of Vice Digital. Drummond comes on board to take over many of the duties of Ciel Hunter, who left Vice in January as global head of content for Vice Digital after more [...]

  • Apple Event: How to Watch Live-Stream

    How to Live-Stream Today's Apple Event

    Monday is the coming-out party for Apple’s Hollywood ambitions: After years of trademark secrecy about its plans to stream into video entertainment, the tech giant is set to pull back the curtain at a media event. The live program kicks off at 10 a.m. PT / 1 p.m. ET, on Monday, March 25, from the [...]

  • Google Stadia Is a Net Neutrality

    Google Stadia Is a Net Neutrality Nightmare

    At the Game Developers Conference (GDC) this year, Google announced that it has taken up the long and ever-lengthening dream of the video game streaming service. Meant to replace the hefty, pricey, altogether confounding experience of buying and using various gaming hardware, Google Stadia will run video games on Google’s own hardware in a server [...]

More From Our Brands

Access exclusive content