You know it’s a good time to be a multichannel YouTube network when you’re acquired for millions by another multichannel YouTube network — which, incidentally, was itself recently acquired for even more millions.
Big Frame was picked up Wednesday for $15 million by Awesomeness TV, which last year was bought by DreamWorks Animation for $33 million (and considerably more, if it hits certain incentive targets).
SEE ALSO: Disney’s Doing Great, So Why Buy a Bunch of YouTube Channels?
It’s hardly the first MCN deal to resemble a Russian nesting doll: Last week, Disney dropped what could eventually amount to nearly $1 billion on YouTube multichannel leader Maker Studios, which last year picked up online-video distributor Blip. Read more…
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Read more : It’s Good to Be on YouTube: AwesomenessTV Acquires Big Frame
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