Twitter

Archived: Warner Bros. Entertainment to Acquire Machinima

Warner Bros. (a division of Time Warner No. 37 on the DiversityInc Top 50 Companies list) has signed an agreement to acquire Machinima, the global programming service focused on fandom and gamer culture, and it will become part of the recently founded Warner Bros. Digital Networks. The announcement was made today by Craig Hunegs, President, Business and Strategy, Warner Bros. Television Group and President, Warner Bros. Digital Networks.


“Machinima is a strong gamer and fandom content and social brand with enormous reach and high engagement with audiences that play our games and are big fans of DC films and television shows,” said Hunegs. “Machinima also produces great, high quality content for their community, and together we can create an even more compelling experience and do some really exciting things involving our key franchises. This acquisition is another meaningful move forward as Warner Bros. develops more direct relationships with our consumers.”

“Since making their first investment in Machinima in 2014, Warner Bros. has been an active business partner in our transformation, so we already have proof points as to how the companies can work together to accelerate Machinima’s growth plans,” said Chad Gutstein, CEO, Machinima. “We’ll now be able to take full advantage of Warner Bros.’ intellectual property, sales and distribution, while still creating content for social and premium digital platforms that gamers and geeks love. Plus, we’ll be fully embedded and can help Warner Bros. continue their incredible digital marketing successes. It’s honestly a win-win.”

In the past two years, Machinima has transitioned from a YouTube MCN to a global programming service and production company delivering popular programming to millions. Since joining Machinima in 2014, Gutstein revamped the executive team, brand, programming and business strategy. As part of that strategy, the company opened a full-service production studio and executed first-of-its-kind premium content partnerships with platforms, including Playstation Vue, Amazon Prime, Verizon’s go90, China’s Sohu and The CW Network. According to comScore, Machinima is the 10th largest digital video entertainment media company in the U.S. ranked by total unique viewers.

Machinima will operate as a wholly owned part of Warner Bros. Digital Networks, a division founded in June 2016 to grow the Studio’s digital and OTT offerings. As part of Time Warner’s overall strategy to reach audiences directly through company-owned current and yet-be-launched OTT services, WBDN works closely with Time Warner’s divisions Turner and HBO.

Latest News

5 Biggest News Stories of the Week: July 1

As the saying goes, the news never stops — but there’s a lot of it out there, and all of it doesn’t always pertain to our readers. In this weekly news roundup, we’ll cover the top news stories that matter most to our diversity focused audience. 1. A Recap of…

Essence Festival Kicks Off Weekend of Celebrating Black Joy and Culture

Essence Magazine’s annual celebration of Black women and culture got underway with a press conference at the Ashes Powerhouse Theater in New Orleans on Thursday. Essence Festival, known as the “party with a purpose,” was started in 1995 as a one-off event to celebrate Essence Magazine’s 25th anniversary. Over the…

Champions of Pride Part Four: Trailblazers

Pride Month is a time to reflect on the trailblazers, freedom fighters, and history makers who fought valiantly to increase inclusion and representation for the LGBTQ+ community, and who have paved a way for a better tomorrow for future generations. In the last installment of our four-part series celebrating Champions…

PwC on Marching for LGBTQ+ Inclusion

Originally published at pwc.com. PwC is a Hall of Fame company.   Setting the scene In recent years, societies worldwide have seen a growing culture of respect and inclusion for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people — a positive development supported in some cases by improved legal rights….

Mastercard Advances ESG Commitments, Outlining Progress in Annual Sustainability and DEI Reports

Originally published at mastercard.com. Mastercard ranked No. 2 on The DiversityInc Top 50 Companies for Diversity list in 2022.   Mastercard released its 2021 Corporate Sustainability and Diversity, Equity and Inclusion (DEI) reports, highlighting the company’s impact across Environmental, Social and Governance (ESG) to build a sustainable and inclusive digital…