Warner Bros. is considering an investment in Machinima
Warner Bros. is considering an investment in Machinima. The amount Warner Bros. is considering is between $10-$15 million. Machinima is known for creating video game content for online video streaming websites like YouTube.
There are reports that Machinima is considering additional funding and a new CEO. Machinima previously raised around $35 million in funding from Google and several other investors.
Machinima has around 321 million YouTube subscribers and has over 48 billion views, but the company is struggling to hit profitability.
[Source: WSJ]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry