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Done Deal: Disney Finishes $500 Million Maker Studios Acquisition

Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Disney has closed its previously announced deal to buy Maker Studios, the company said. Disney paid $500 million for the YouTube network, and may end up spending up to $450 million more, depending on the company’s performance. Last week, Disney CEO Bob Iger described Maker as “first and foremost … a successful distribution platform.”

This article originally appeared on Recode.net.