Ynon Kreiz has left Maker Studios almost a year after The Walt Disney Company acquired the US-based multichannel network.
Disney acquired Maker for US$500 million last year, in a deal that could eventually cost the Mouse House nearly US$1 billion should targets be hit.
Various reports this year have suggested Maker is unlikely to hit most of these, however, and Kreiz departure has been linked to an earn-out agreement.
Tech industry blog Re/code reported Disney paid Maker US$105 million out of a potential US$200 million pot in January, and expects to invest another US$100 million in total.
Maker takes around 12 billion online videos views a month, mainly through YouTube, which is significantly higher than the 5.5 billion it was taking when Disney bought in.
Kreiz was CEO of Endemol before joining Maker, leaving that role during a period of significant financial uncertainty. Endemol later merged with Shine Group and Core Media Group, emerging with a new war chest that has seen the recent acquisition of Simon Torfield’s firm,Simon’s Cat, and the establishment of new production companies.
Kreiz was also a co-founder of Fox Kids Europe with Haim Saban.
Endemol Shine Group seeks $4bn sale https://t.co/ZgZYvCYgyk
20 June 2018 @ 12:15:00 UTC