This monetization for an emerging original-video-content-for-the-web start up is a shot in the arm that the Westside office market needs. New start-up original content companies have spurred growth of employment and office absorption on the West-side of Los Angeles. Now DreamWorks is paying $33 million to buy one of these start-ups. This investment shows that the big boys now think this movement is real. This trend may result in additional funding for these start-ups, more start-ups, and more West-side creative office absorption. Anecdotal reports of success have come from other ventures, including You Tube’s new studios in Playa Vista. A review of Crunchbase shows about $3.5 million of venture investment in Awesmeness TV, so there is probably some pay day in the $33 million for the founders and their investors. Read about the acquisition below.
DreamWorks Animation Agrees To Pay $33M+ For AwesomenessTV – Deadline.com.