Maker Studios Raises $26 Million To Solidify YouTube Empire, Is Hiring

 
 
 

Multichannel YouTube network Maker Studios has raised $26 million in a Series C round led by Canal+, Astro, SingTel Innov8, Lakestar and others, according to TechCrunch.

Maker Studios currently pulls in 4 billion views a month from its 27,000 channels; the process to become a partner with the network involves filling out a simple application on their website. Maker also acquired Blip.tv earlier this week, a video-distribution network which holds a significant technology footprint in addition to content.

However, in the past year a slew of big-name YouTube stars have defected from the company, including Philip DeFranco (a.k.a. sxephil) and Ray William Johnson. Johnson in particular left with a bang, according to ReadWrite, pointing out Maker’s high take of ad revenue — often between 30 and 50% — and stifling administrative practices, including “perpetuity” contracts which reign in young YouTubers for lifetime content partnerships.

With this new round of funding, Maker will be developing it’s apps and distribution channels — including Blip.tv — as well as expanding its marketing and content efforts. There are currently 18 job opportunities available on Maker’s website.