A little more than two years after Disney acquired Maker Studios, the digital video producer is being folded into the content and media business under Disney Consumer Products and Interactive Media, The Hollywood Reporter has confirmed. As part of the change, Maker Studios' top executive is stepping down from his post.
Courtney Holt, who has run Maker since last December and has been with the company since 2011, will move to a new role as executive vp of media and strategy, reporting to chief strategy officer Kevin Mayer. He will now lead Disney's efforts around the monetization of its digital businesses.
Disney acquired Maker Studios in 2014 for $500 million, a price tag that could have ballooned to as much as $950 million if performance incentives were met. The final price tag instead came in at $675 million.