Hearst pays US$81m for 25% stake in Awesomeness TV
Dreamworks has sold a 25% stake in its YouTube multichannel network (MCN) Awesomeness TV to Hearst for US$81.25 million (€65.34 million). The deal, which values Awesomeness TV at some US$325 million, marks a significant return on investment for Dreamworks, which bought the MCN for an upfront payment of US$33 million last May, with additional payments […]