Two years after it acquired the millennial-focused digital video network Maker Studios, Disney is folding the company into its media arm and moving the head of the studio to a new position.
Home to tens of thousands of YouTube channels with hundreds of millions of subscribers, the multi-channel network (MCN) was acquired by Disney in March 2014 for $500 million. It falls under the Disney Consumer Products and Interactive Media (DCPI) division.
As first reported by The Hollywood Reporter, Courtney Holt, head of Maker Studios for the last year, will also move to a new role as evp of media and strategy for Walt Disney.
In July, Maker Studios went through a round of layoffs.
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