All eyes are on the Los Angeles-based corner of the online video world known as multichannel networks (MCNs) right now as result of two major developments just this past week: reports of Disney in preliminary talks to acquire Maker Studios for $500 million or more, and the $18 million Warner Bros. invested in rival MCN Machinima.
And these eyes aren't just rival studios and others in the media business. The tech world and venture capitalists are watching closely.
So why here? Why now? Why the lofty pricetag?
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