Three years after joining Maker Studios, and steering the company through one of the most talked-about acquisitions in the industry, CEO Ynon Kreiz is leaving, the Disney-owned company has confirmed.
Taking his place at the helm will be Courtney Holt. Holt has been named executive VP and head of Maker Studios and will report directly to Jimmy Pitaro, co-chair of Disney Consumer Products and Interactive Media and president, Disney Interactive.
The changes will take effect January 11.
Kreiz (pictured) came onboard Maker in 2012 and led the company through its turbulent US$500 million takeover by Disney two years later.
Today, the multi-channel network operates more than 5,500 channels across YouTube with a combined reach of 10 million subscribers and 3.9 billion monthly views, according to MCN ranking platform, SocialBlade.
“earn-out” period established at the time of Disney’s purchase of Maker. Under that deal, Maker execs stood to collect additional money if various (unspecified) performance-based targets were met within a two-year timeframe. However, according to assorted media reports, the company has fallen short of those targets.
Kreiz is the third senior executive to step away from the company in a matter of months. In August, former chief content officer Erin McPherson left the MCN, as did former head of marketing, Jeremy Welt,
Holt, previously Maker’s chief strategy officer, also served as a former adviser to News Corp. Digital and executive VP, digital media and music for the MTV Networks Music and Logo Group. Prior to joining Maker, he was president of Myspace Music.
In a statement, Pitaro thanked Kreiz for his role in Maker’s rise to prominence in the MCN scene. Some of Maker’s talent includes vlogger Shane Dawson, gamer Toby Turner and YouTube’s top earner, Felix Kjellberg.