Brian Robbins

Hearst Corp. buys 25% stake in AwesomenessTV

Hearst Corp. buys 25% stake in AwesomenessTV

DreamWorks Animation has sold a 25% stake in its popular YouTube teen network AwesomenessTV to Hearst Corp.

The New York-based media company, which holds interests in cable channels ESPN and A&E and the magazines Cosmopolitan and Good Housekeeping, purchased the stake for $81.25 million and will partner with DreamWorks to grow the channel, the companies said in a statement.

AwesomenessTV founder Brian Robbins and Brett Bouttier, the channel's president, will continue to lead the Santa Monica company, which DreamWorks acquired last year for $33 million.

“Few companies have built the global audience of millennial females as quickly as AwesomenessTV,” said Steven R....

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