Seeking Alpha

Bloomberg: Time Warner joins fray for Youtube network Fullscreen

  • 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.
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