YouTube Networks No Longer Look Hot to Investors

Digiday: A few years ago, it was hard to find a venture capital firm that wasn’t putting money in a so-called YouTube “multi-channel network.” The MCNs still may very well be the future of the entertainment business, but the venture market isn’t as hot for a new player looking to raise capital. “Finding an MCN or content creator that has the velocity to get to scale is getting more and more difficult.”