Creator Economy MapThe Music Cities™ and BusinessFlare® · 2005 to 2026
Intermediaries

The MCN era and what replaced it

2007Partner ProgramYouTube ad share55 percent to creator2009MCN formstakes a cut ofpartner AdSense2014Media buyerDisney, RTL, AT&T,DreamWorks, WB2016Earnouts missMaker 675 not 950Awesomeness 502019Wind downMachinima 2019Fullscreen 20202022SuccessorsSpotter, Night,Jellysmack
Figure 3. The multi channel network cycle, 2007 to 2022. A share of YouTube money, a media buyer, a missed earnout, a wind down, and a new generation of intermediaries that pay creators cash up front or take equity instead.

Between 2009 and 2014 the multi channel network was the creator economy's main intermediary layer. Maker Studios, Fullscreen, Machinima, StyleHaul, Big Frame, Collective Digital Studio, BroadbandTV and AwesomenessTV signed thousands of channels, took a share of each channel's YouTube ad revenue in exchange for sales, rights management and production help, and sold themselves to media companies that wanted a foothold with the audience television was losing. Disney agreed to pay 500 million dollars for Maker in March 2014 with earnouts to 950 million; DreamWorks paid 33 million for Awesomeness in 2013; RTL paid a reported 107 million for StyleHaul in 2014; Warner Bros. bought Machinima outright in 2016; ProSieben bought Collective Digital Studio in 2015 and merged it into Studio71; the Chernin Group and then AT&T's Otter Media took Fullscreen.

Maker Studios starts in 2009 in Culver City among YouTube creators including Danny Zappin, Lisa Donovan, Ben Donovan, Scott Katz, Kassem Gharaibeh and Philip DeFranco as a network taking a cut of partners' YouTube ad revenue. By June 2012 it reports 1.1 billion monthly views across more than 1,000 channels and closes a 36 million dollar round led by Time Warner Investments. Disney agrees on March 24, 2014 to pay 500 million dollars with earnouts to 950 million; Maker misses the targets and the final price settles at a reported 675 million. Digiday reports 370 million dollars of 2015 ad revenue with only 70 million sold directly, which is the rung that breaks: the business is YouTube's, not Maker's. Disney cuts the roster from tens of thousands of channels to about 300, drops PewDiePie in February 2017 and folds Maker into Disney Digital Network on May 2, 2017.

Defy Media forms in October 2013 by merging Alloy Digital, owner of Smosh and Clevver, with Break Media, with ABS Capital, Wellington, Lionsgate and Viacom as shareholders. It runs a roughly 50 channel network that keeps ten percent of partners' AdSense, sells brand deals and produces originals, employing about 400 people at its peak. Screen Junkies and The Escapist are sold in July 2018, and on November 6, 2018 creditors freeze the accounts and the Beverly Hills office is closed the same day, with about 80 staff receiving WARN notices as they are laid off. Creators including MatPat, Chris Stuckmann and Ryland Adams report September and October ad payments never arrive; MatPat later puts the total owed at 1.7 million dollars. Smosh goes to Mythical in February 2019 and Clevver to Hearst. The rung that breaks is the pass through of platform money, which the network spent before paying out.

Machinima starts in January 2000 as Hugh Hancock's site for game engine films and becomes, under Allen DeBevoise in Los Angeles, the first gaming multi channel network on YouTube, passing one billion monthly views in December 2011 with more than 5,000 partner channels paid from a share of YouTube advertising. Google takes a 35 million dollar equity stake in May 2012, Warner Bros. leads 18 million in 2014 and adds 24 million in 2015, then buys the company outright on November 17, 2016. AT&T's purchase of Time Warner puts Machinima under Otter Media, which sets every video on the channel to private on January 18, 2019, laying off 81 staff and moving partner contracts to Fullscreen. The rung that breaks is the ad share model: perpetual contracts, an FTC settlement over undisclosed paid endorsements in 2015 and a catalog that a corporate parent judged worthless. The archive is never restored.

George Strompolos leaves the YouTube Partner Program team he helped build and founds Fullscreen in Los Angeles in January 2011 as a network that pairs ad share with software for channel management. The Chernin Group invests in May 2011, and in the autumn of 2014 Chernin's Otter Media joint venture with AT&T takes control; the same year Fullscreen buys Rooster Teeth and ScrewAttack. The roster includes Grace Helbig, the Fine Brothers and Tyler Oakley. A subscription app launched in 2016 closes in January 2018, Otter Media absorbs the remaining equity and Strompolos steps back in September 2018. Machinima's partners are handed to Fullscreen in January 2019, then WarnerMedia's November 2020 layoffs remove most of the team and end Fullscreen as an operating company; the brand disappears from AT&T's portfolio over the following year. The rung that breaks is ownership by a telecom that does not want an MCN.

Stephanie Horbaczewski founds StyleHaul in Los Angeles in 2011 with Allen and Aaron DeBevoise of Machinima as a beauty and fashion network that pools women creators' YouTube ad inventory and sells it to cosmetics brands. RTL Group buys a majority for about 107 million dollars in 2014 and the rest in June 2017. The network claims about 5,000 creators including Cameron Dallas and Ashley Tisdale, yet in March 2019 RTL announces the closure of the US office with about 65 layoffs, scraps a plan to run the roster from Europe and shuts the company entirely in May 2019, releasing creators on July 31. In July 2019 its former finance vice president Dennis Blieden is indicted for embezzling 22 million dollars, part of it spent on poker. The rung that breaks is thin margin on resold ad inventory under a parent that no longer wants the exposure.

Brian Robbins and Joe Davola launch AwesomenessTV in July 2012 as a YouTube channel and network for teen audiences, paid at first by YouTube ad share and brand integrations. DreamWorks Animation buys it in May 2013 for 33 million dollars plus earnouts, and the company buys Big Frame for 15 million in April 2014. Hearst pays 81.25 million for 25 percent in December 2014 and Verizon pays 159 million for 24.5 percent in April 2016, a 650 million dollar valuation tied to a 180 million dollar content commitment for the go90 app. When go90 fails and Comcast absorbs DreamWorks, Viacom buys the whole company in July 2018 for a reported 50 million dollars with layoffs. Robbins leaves in February 2017 and later runs Nickelodeon and Paramount Pictures. Awesomeness merges with Nickelodeon's live action unit in 2021 and, after the Skydance merger, is folded into Paramount Television Studios in October 2025.

The successors do not take a share of AdSense. Spotter pays creators cash up front for the future revenue of their back catalog and has raised 762 million dollars to do it. Night takes a management commission and then equity in the businesses it helps build, which is how it came to co create Feastables. Jellysmack re edited back catalogs for Facebook and Snapchat, scaled that back in 2024 and now owns cable news channels. UTA, WME and CAA absorbed the management companies, DBA into UTA in 2019, and the marketing side consolidated into holding companies: Publicis bought Influential for a reported 500 million dollars in 2024 and Captiv8 in 2025, Accenture bought Whalar's agency in 2026, WPP bought Obviously in 2023, Dentsu bought Gleam. The intermediary layer did not disappear; it moved from the platform's revenue line to the brand's marketing budget and the creator's cap table.

Every acquisition on the map

YearAcquirerTargetTerms as disclosed or reported
2006GoogleYouTubeGoogle agrees to buy YouTube for 1.65 billion dollars in stock on October 9, 2006 and closes the purchase on November 13, 2006, both announced in press releases filed with the SEC.
2006IACCollegeHumorIAC buys CollegeHumor in 2006 for 26 million dollars.
2012FacebookInstagramFacebook announces on April 9, 2012 that it will buy Instagram for approximately 1 billion dollars in cash and Facebook shares, closing in September 2012.
2012IZEA WorldwideFeaturedUsersIZEA acquires FeaturedUsers on December 10, 2012 in a cash and stock transaction with terms undisclosed.
2012X (Twitter)VineTwitter buys Vine for a reported 30 million dollars in October 2012 and shuts the app in January 2017.
2013DreamWorks AnimationAwesomenessTVDreamWorks Animation announces the AwesomenessTV purchase on May 1, 2013 for 33 million dollars plus up to 117 million dollars in earnouts, closing that month.
2014AmazonTwitchAmazon announces on August 25, 2014 that it will buy all Twitch shares for about 970 million dollars in cash, closing in the second half of 2014.
2014AwesomenessTVBig FrameAwesomenessTV announces on April 2, 2014 that it will buy Big Frame for 15 million dollars in cash plus assumed debt.
2014Blue Ant MediaOmnia MediaBlue Ant Media invests in Omnia in April 2014, renames its production arm Blue Ant Digital Studios in February 2018 and sells Omnia to Enthusiast Gaming in August 2020.
2014FullscreenRooster TeethFullscreen buys Rooster Teeth in November 2014 for an undisclosed sum.
2014Otter MediaFullscreenOtter Media takes control of Fullscreen in the autumn of 2014 in a deal reported at 200 million to 300 million dollars and completes the buyout in 2018.
2014RTL GroupStyleHaulRTL Group takes control of StyleHaul in November 2014 for a reported 107 million dollars and winds it down in 2019, closing US operations in March and confirming a full shutdown in May.
2014The Walt Disney CompanyMaker StudiosDisney agrees on March 24, 2014 to buy Maker for 500 million dollars with earnouts to 950 million; the final price is reported at 675 million after missed targets.
2015ProSiebenSat.1 MediaCollective Digital StudioProSiebenSat.1 takes 20 percent of Collective Digital Studio in March 2014, then on July 8, 2015 pays a reported 83 million dollars for 75 percent of the company merged with Studio71 at a 240 million dollar valuation.
2015ProSiebenSat.1 MediaStudio71ProSiebenSat.1 merges Collective Digital Studio into Studio71 in July 2015 and the combined network takes the Studio71 name on January 27, 2016.
2016CNNBemeCNN buys Beme on November 28, 2016 for a reported 25 million dollars, shuts the app in January 2017 and closes the Beme News unit on January 25, 2018 when Casey Neistat and Matt Hackett leave.
2016Comcast NBCUniversalDreamWorks AnimationComcast announces on April 28, 2016 that it will buy DreamWorks Animation for 3.8 billion dollars, bringing AwesomenessTV with it.
2016Custom InkRepresentCustom Ink of Fairfax, Virginia announces on February 4, 2016 that it is acquiring the Los Angeles celebrity merch platform Represent; Cameo buys Represent in October 2021 with Custom Ink staying on for production and fulfillment.
2016GoogleFameBitGoogle buys FameBit on October 11, 2016 for an undisclosed price and renames it YouTube BrandConnect on June 16, 2020, closing the self service marketplace.
2016Group Nine MediaThe DodoThe Dodo is one of the founding brands of Group Nine in October 2016 and passes to Vox Media when Vox acquires Group Nine in early 2022.
2016HearstComplex NetworksHearst co owns Complex through the Verizon joint venture from April 2016 until the 2021 sale to BuzzFeed.
2016MicrosoftLinkedInMicrosoft acquires LinkedIn for 26.2 billion dollars, closing on December 8, 2016.
2016MicrosoftMixerMicrosoft announces the Beam purchase on August 11, 2016 for an undisclosed sum, runs it as Mixer from May 2017, announces the closure on June 22, 2020 and shuts the service on July 22, 2020, moving users to Facebook Gaming.
2016The Chernin GroupBarstool SportsThe Chernin Group buys 51 percent of Barstool in January 2016 at a valuation of 10 million to 15 million dollars and sells its remaining 36 percent to Penn by 2023.
2016VerizonComplex NetworksA Verizon and Hearst joint venture buys Complex in April 2016 for a reported 250 million to 300 million dollars.
2016VerizonVesselVerizon acquires Vessel on 26 October 2016 and shuts the service on 31 October 2016.
2016Warner Bros. DiscoveryMachinimaWarner Bros. buys Machinima outright in November 2016 after 42 million dollars of investment and closes it on February 1, 2019 with 81 layoffs.
2017ByteDancemusical.lyByteDance buys musical.ly in November 2017 for a reported price of up to 1 billion dollars and merges it into TikTok on August 2, 2018.
2017Dallas Cowboys (Jerry Jones)Complexity GamingJerry Jones and John Goff buy a majority of Complexity in November 2017 and move it to The Star in Frisco; GameSquare buys the company from the Jones and Goff families in 2021 and sells it back to founder Jason Lake's Global Esports Properties on March 1, 2024 for 10.36 million dollars.
2017DentsuGleam FuturesDentsu Aegis buys a majority stake in Gleam on June 20, 2017 and becomes sole owner in 2020.
2018AT&TOtter MediaAT&T buys The Chernin Group's half of Otter Media in August 2018 for a sum believed to be about one billion dollars.
2018Otter MediaMachinimaOtter Media takes over Machinima in the 2018 AT&T reorganization and closes it in January 2019, laying off 81 staff.
2018Otter MediaRooster TeethRooster Teeth is consolidated directly under Otter Media in 2018 alongside Crunchyroll before Otter dissolves into WarnerMedia in May 2019.
2018Paramount SkydanceAwesomenessTVViacom buys AwesomenessTV in July 2018 for about 50 million dollars and Paramount folds it into Paramount Television Studios in October 2025.
2018Paramount SkydanceVidConViacom buys VidCon in February 2018 for an undisclosed sum and Paramount sells it to Informa in August 2024.
2018Select Management GroupFlip ManagementSelect Management Group and Flip Management merge on August 10, 2018 under the Select name and the Third Act parent.
2019Coty Inc.Kylie CosmeticsCoty buys 51 percent of Kylie Cosmetics for 600 million dollars in November 2019.
2019HearstClevverHearst Magazines buys Clevver's channels in February 2019 after Defy's collapse.
2019LogitechStreamlabsLogitech announces on September 26, 2019 that it will buy San Francisco based Streamlabs for about 89 million dollars in cash plus up to 29 million dollars in Logitech stock tied to revenue growth targets.
2019Mythical EntertainmentSmoshMythical Entertainment buys Smosh in February 2019 after Defy Media collapses and keeps a minority after 2023.
2019NGL CollectiveHispanicizeNGL Collective buys Hispanicize Media Group in late June 2019 for undisclosed terms and dissolves the company into two NGL divisions.
2019SpotifyGimlet MediaSpotify announces on February 6, 2019 that it will buy Gimlet for 230 million dollars.
2019SpotifySpotify for Creators (Anchor)Spotify buys Anchor in February 2019 alongside Gimlet for a combined 337 million dollars and turns it into Spotify for Creators.
2019United Talent Agency (Digital)Digital Brand Architects (DBA)UTA acquires Digital Brand Architects in February 2019 for undisclosed terms and keeps it as a standalone management unit.
2019Vobile GroupZefrVobile Group buys Zefr's RightsID and ChannelID businesses on July 19, 2019 for a reported 90 million dollars.
2020AmazonWonderyAmazon announces the Wondery purchase on December 30, 2020 without a price; the 300 million dollar figure is reported, not filed. The August 2025 fold into Audible with about 110 layoffs is reported.
2020HotmartTeachableHotmart acquires Teachable on 16 March 2020 for a reported price of about 250 million dollars.
2020Latido NetworksmitúLatido Networks buys mitú in February 2020 on undisclosed terms.
2020Penn EntertainmentBarstool SportsPenn closes its 163 million dollar purchase of 36 percent on February 20, 2020, pays about 388 million dollars for the rest in February 2023, then returns the company to Portnoy on August 8, 2023 for non compete covenants and half of any future sale proceeds.
2020SpotifyThe RingerSpotify agrees on February 5, 2020 to buy The Ringer for up to 196 million dollars in cash.
2020Stadiumred GroupMediakixStadiumred Group announces on March 25, 2020 that it has acquired Mediakix; the agency suspends campaigns later in 2020 amid unpaid creator fees.
2021100 ThievesHiground100 Thieves announces the Higround acquisition on October 13, 2021 with a capsule drop two days later; terms undisclosed.
2021BuzzFeedComplex NetworksBuzzFeed buys Complex in June 2021 for 300 million dollars and sells it in February 2024 for 108.6 million.
2021BuzzFeedFirst We Feast (Hot Ones)BuzzFeed keeps First We Feast after selling Complex and sells it in December 2024 for 82.5 million dollars in cash.
2021CameoRepresentCameo acquires Represent from Custom Ink in 2021 for undisclosed terms to bundle merch with video shout outs.
2021CreatorIQTribe DynamicsCreatorIQ acquires Tribe Dynamics on September 21, 2021 for approximately 70 million dollars in cash and stock.
2021DAZNTeam WhistleEleven Sports buys Team Whistle in March 2021 and DAZN completes its takeover of both in February 2023.
2021Electric Monster Media (ZATV)Fine Brothers (React Media)Electric Monster Media buys React Media on November 18, 2021 without the Fine brothers; Brat TV later buys Electric Monster in January 2025 and renames the group ZATV.
2021Envy GamingOpTic GamingEnvy Gaming and OpTic Gaming merge in November 2021 to form OpTic Texas, and Envy retires its own brand on June 27, 2022, keeping the Dallas Fuel name, with Hector Rodriguez as president and Mike Rufail as chief gaming officer.
2021GameSquare HoldingsComplexity GamingGameSquare buys Complexity from the Jones and Goff families in 2021 and sells it to Jason Lake's Global Esports Properties on March 1, 2024 for 10.36 million dollars, 750,000 dollars at closing and a 9.61 million dollar three year seller note.
2021Songfluencer (Genni)PreffySongfluencer acquires the Preffy contest platform on September 21, 2021; terms are not disclosed.
2021Trusted Media BrandsJukin MediaTrusted Media Brands buys Jukin Media on August 12, 2021 for an undisclosed price.
2021UnileverOnnitUnilever agrees to acquire Onnit on April 26, 2021 with terms undisclosed.
2021Utopia Music (Proper Music Group)Lyric FinancialUtopia Music acquires Lyric Financial on October 29, 2021 for 8 million dollars including two deferred 1.5 million dollar payments, the last of which becomes the subject of a 2023 lawsuit and a 2024 award of about 1.863 million dollars.
2021Vox MediaGroup Nine MediaVox Media buys Group Nine in an all stock deal announced December 13, 2021 and closed February 22, 2022.
2022Amaze HoldingsSpring (Teespring)Amaze Software acquires Spring and its 5.5 million creator stores on 8 November 2022 for undisclosed terms.
2022Creative Artists Agency (Creators)ICM PartnersCAA closes its acquisition of ICM Partners in late June 2022 at a reported value of about 750 million dollars; the Crestview release records the completed deal.
2022Kartoon Studios (Genius Brands)Frederator NetworksGenius Brands, now Kartoon Studios, announces the purchase of Wow Unlimited Media and Frederator on October 27, 2021 for a reported 53 million dollars and closes it on April 7, 2022.
2022MavrckLaterMavrck acquires Later on April 29, 2022 using part of the Summit round; the combined company later adopts the Later name.
2022SiriusXMTeam CocoSiriusXM announces the acquisition of Team Coco on May 23, 2022 for a price reported at 150 million dollars; the release does not disclose it.
2022Warner Bros. DiscoveryRooster TeethRooster Teeth passes to Warner Bros. Discovery in the April 2022 merger, which closes it in March 2024 with about 150 layoffs.
2023Fortress Investment GroupVice MediaA Fortress led lender group buys Vice's assets out of Chapter 11 for 350 million dollars in June 2023.
2023Jefferies and CerberusForma BrandsJefferies and Cerberus acquire Forma Brands out of Chapter 11 for 690 million dollars.
2023Monster BeverageBang EnergyMonster completes the purchase of the Bang Energy brand and the Phoenix, Arizona production plant from Vital Pharmaceuticals on July 31, 2023 for about 362 million dollars, subject to adjustments.
2023NightLFM ManagementNight acquires LFM Management in August 2023, adding Kai Cenat and AMP to its roster.
2023Sprout SocialTagger MediaSprout Social acquires Tagger Media on August 3, 2023 for approximately 140 million dollars in cash.
2023WPPObviouslyWPP acquires Obviously on March 27, 2023 for undisclosed terms and places it within VMLY&R.
2024GameSquare HoldingsFaZe ClanGameSquare buys FaZe Holdings for about 17 million dollars in stock, closing March 8, 2024, and divests its last 25.5 percent of FaZe Media as of April 1, 2025 at a 39.2 million dollar valuation.
2024InformaVidConInforma buys VidCon from Paramount Global in August 2024 through Fan Expo HQ for an undisclosed price.
2024LoadedGG Talent GroupLoaded acquires GG Talent Group and its 90 gaming creators in March 2024 for undisclosed terms.
2024NTWRKComplex NetworksNTWRK buys Complex from BuzzFeed for 108.6 million dollars in cash on February 21, 2024.
2024NightBottle Rocket ManagementNight acquires Bottle Rocket Management on November 25, 2024.
2024NightThe Roost Podcast NetworkNight buys The Roost podcast network from Warner Bros. Discovery in April 2024 after the Rooster Teeth shutdown.
2024Publicis GroupeInfluentialPublicis Groupe announces the purchase of Influential on July 26, 2024 for a reported 500 million dollars and closes in late August 2024.
2024Sprecher BrewingJuveeSprecher Brewing of Milwaukee buys Juvee from 100 Thieves in January 2024 for undisclosed terms and moves production to its own plant.
2024The Gersh AgencyA3 Artists Agency (Abrams Artists)Gersh buys A3's digital and alternative divisions in January 2024, taking 25 agents and 45 staff.
2024The Onion (Global Tetrahedron)Infowars (Free Speech Systems)The Onion wins the November 2024 bankruptcy auction for Infowars, is shut out by litigation until 2026, and relaunches the site July 2, 2026 while the domain transfer is remanded to Travis County.
2024The Team (formerly Wasserman)Long Haul ManagementWasserman acquires Long Haul Management on September 4, 2024 after a fifteen month sale process advised by RockWater.
2024Viz MediaRooster TeethViz Media announces on July 5, 2024 that it has acquired the RWBY franchise from Warner Bros. Discovery after Rooster Teeth's closure and will explore new chapters.
2025Box Canyon ProductionsRooster TeethBurnie Burns's Box Canyon Productions acquires the Rooster Teeth brand, YouTube channels and library from Warner Bros. Discovery on February 5, 2025, with terms undisclosed, and relaunches the site August 7, 2025.
2025Celsius HoldingsAlani NuCelsius announces the purchase of Alani Nu for 1.8 billion dollars in cash and stock in February 2025.
2025DarkZero EsportsNRG EsportsDarkZero acquires NRG's esports assets in an undisclosed cash deal that closes on December 1, 2025 and is announced on December 19, 2025; Full Squad Gaming stays with Andy Miller.
2025NightExperiential Supply CoNight acquires Experiential Supply Co on October 13, 2025.
2025Publicis GroupeCaptiv8Publicis Groupe acquires Captiv8 on May 21, 2025 for undisclosed terms to pair with Influential.
2025Silver LakeWME (WME Group)Silver Lake takes Endeavor private at 27.50 dollars a share, closing March 24, 2025, and renames the representation businesses WME Group the same day.
2025UnileverDr. SquatchUnilever announces on June 23, 2025 that it will buy Dr. Squatch from Summit Partners for undisclosed terms, reported by the Financial Times at 1.5 billion dollars, and completes the deal on November 16, 2025.
2025WonderTastemadeWonder buys Tastemade for about 90 million dollars on March 12, 2025.
2026Accenture (Accenture Song)WhalarAccenture announces the purchase of the Whalar agency on June 8, 2026 and closes it on July 31, 2026 for undisclosed terms.
2026Allen Media GroupBuzzFeedByron Allen's family office buys about 51 percent of BuzzFeed for 120 million dollars, closing May 27, 2026.
2026Beast IndustriesStepBeast Industries acquires the fintech app Step in February 2026 for undisclosed terms.
2026FixatedStudio71Fixated buys Studio71's North American business from ProSiebenSat.1 on April 21, 2026 for an undisclosed sum.
2026RazerStreamElementsRazer acquires StreamElements' assets from Live Momentum on 31 July 2026 for undisclosed terms after the platform warns of shutdown.
2026Super League EnterpriseMisfits Gaming GroupSuper League agrees on March 18, 2026 to buy the Misfits Ads division for 1.5 million dollars in cash plus a 19.99 percent stake and earn outs.