×
You will be redirected back to your article in seconds

Disney-Owned Maker Studios Hit With Layoffs

Disney-owned Maker Studios has laid off a number off staffers as part of what the company is calling “strategic adjustments.” A Maker spokesperson confirmed the layoffs, which were first reported by Deadline Hollywood Thursday, without commenting on the number of staffers affected. A source with knowledge of the situation told Variety that less than 30 people were laid off.

Maker Studios’ business is constantly evolving and after careful thought, we have decided to make some strategic adjustments – reducing staff in some areas while still actively hiring in others – to best align with the go-forward strategy of the company,” the spokesperson said via email.

Disney acquired Maker Studios for $500 million in early 2014, with an option for performance-based earn-outs of up to $450 million. Originally launched as a YouTube multi-channel network, Maker has been branching out since acquired by Disney, and also produced content for platforms like Verizon’s Go90.

However, plans to build a dedicated owned-and-operated destination for Maker content largely fizzled. Maker had acquired pioneering video service Blip for this purpose in 2013, but the site was eventually shuttered two years later.

Disney’s acquisition of Maker has not been without hiccups, including some management shake-up. Most recently, Maker CEO Ynon Kreiz left, and was replaced by former COO Courtney Holt.

Earlier this month, Maker earned its first Emmy nomination for its “Epic Rap Battles of History” YouTube series, and two short-form actor nods for “A Crossroads of History.”

Popular on Variety

More Digital

  • Ronan Farrow book Catch and Kill

    Ronan Farrow Inks Podcast Series Deal for 'Catch and Kill' (EXCLUSIVE)

    Ronan Farrow is launching a podcast offshoot of his best-selling book “Catch and Kill.” Slated to premiere in November, “The Catch and Kill Podcast With Ronan Farrow” will feature new audio material and interviews with people Farrow interviewed about allegations involving sexual misconduct of media industry figures including Harvey Weinstein and Matt Lauer — and [...]

  • Katie Couric Sheryl Sandberg

    Katie Couric Steamrolls Sheryl Sandberg in Roving Vanity Fair Summit Interview

    Sending a jolt through a luxurious and excessively polite afternoon in Beverly Hills, veteran journalist Katie Couric delivered a relentless series of hardball questions to Facebook chief operating officer Sheryl Sandberg on Tuesday. Speaking in conversation at the sixth annual Vanity Fair New Establishment summit at the Wallis Annenberg Center for the Performing Arts, Couric’s [...]

  • Parker Posey

    Parker Posey Stars in 'Hunted,' First Podcast From Dick Wolf and Endeavor Audio (EXCLUSIVE)

    Parker Posey will star in prison-break thriller “Hunted,” the first podcast from Endeavor Audio and Dick Wolf’s Wolf Entertainment. Posey (“Dazed and Confused,” “Scream 3,” “Superman Returns”) will star in the scripted podcast series alongside Brandon Scott (“13 Reasons Why,” “Dead to Me,” “Grey’s Anatomy”). In the eight-episode show, U.S. Deputy Marshal Emily Barnes (Posey) [...]

  • Snapchat

    Snapchat Grows to 210 Million Daily Users, Surpasses Q3 Revenue Expectations

    Snapchat is growing again, and getting better at monetizing all those eyeballs: The service ended its fiscal third quarter with 210 million daily active users, compared to 203 million at the end of Q2, its corporate parent Snap Inc. revealed as part of its earnings release Tuesday afternoon. Snap Inc. generated some $446 million revenue [...]

  • Fire TV News

    Amazon Launches Ad-Supported News Video App

    Amazon officially announced its long-rumored ad-supported news video service Tuesday. The new service will be available on Fire TV devices as well as Fire tablets, and rely on videos from publishers including CBS News, Reuters, Huffington Post, Bloomberg, People, Cheddar and others. News coverage served up through the app includes livestreams as well as on-demand [...]

  • Marvel-SiriusXM-podcasts

    Marvel Creating 'Substantial' Number of Exclusive Podcasts for SiriusXM

    Marvel’s Wolverine, Hawkeye, Black Widow and Star-Lord — and potentially more characters down the road — are getting their own podcasts on SiriusXM and Pandora. SiriusXM and Marvel Entertainment announced a multiyear pact under which Marvel will create a “substantial amount” of exclusive podcasts for SiriusXM and Pandora, including both scripted and unscripted series and [...]

More From Our Brands

Access exclusive content