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Disney snags YouTube multichannel network Maker Studios for $500 million

Disney bought Maker Studios for $500 million.
Disney bought Maker Studios for $500 million.
Maker Studios/Instagram

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On Monday, Disney acquired Culver City-based Maker Studios, a YouTube network that boasts an average of over five billion views per month over hundreds of entertainment channels.

RELATED: Disney targets millennials with $500M takeover of Maker Studios (update)

James McQuivey of Forrester joined Take Two to talk about how Disney's newest purchase will impact their digital reach in the future.