Disney Acquires Maker Studios

$450 million earn-out possible on top of $500 million base

Disney has acquired Maker Studios, the digital video network that distributes such strange hits as PewDiePie and Shay Carl (the work of co-founder Shay Carl Butler), as well as a series of fashion-related shows for women, and even syndicates old-school cartoons for kids under its Cartoonium imprint. Founded in 2009, the network boasts more than 380 million subscribers across all 55,000 of its channels and generates 5.5 billion views a month.