Warner Bros. is considering an investment in Machinima

Machinima-Logo
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
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