Bloomberg: Time Warner joins fray for Youtube network Fullscreen

|By:, SA News Editor

Time Warner has held discussions to buy popular YouTube video network Fullscreen, Bloomberg reports.

Fullsreen, which is backed by Peter Chernin, Comcast Ventures (CMCSA) and WPP, is looking to receive a similar price that Disney has agreed to pay for another Youtube network, Maker Studios. Disney was to hand over $500M upfront and another $450M in milestones.

Fullscreen has 380M subscribers and draws over 3B monthly video views. It generated $50-70M in revenue last year but it isn't profitable.