Independent multi-channel network Maker Studios announced today that it has finalized a $36 million round of financing headed by Time Warner Investments. Additional investors include Downey Ventures, the investment company of Robert Downey Jr. (you may know him as Iron Man). Previous financiers Greycroft Partners also joined this round of funding alongside GRP Partners and FUEL: M+C.
In the wake of Maker Studios feud with YouTube’s most popular creator, Ray William Johnson, rumors swirled that the deal with Time Warner Investments was potentially growing cold. Conveniently, only a week after the public dispute between Maker and their former partner broke out, it seems that the deal has gone through with no changes in the studio’s executive structure, which was also rumored to be happening.
Danny Zappin, CEO of Maker Studios said this about the investment, “We’re extremely excited and grateful to have the support of Time Warner and our other investment partners, who are some of the most respected names in media and entertainment, and are thrilled that we will be able to provide even more resources and opportunities to our valued network partners.”
Based on this round of funding and Maker Studios alleged previous value, the multi-channel network is potentially a $200 million company.