DreamWorks Animation Agrees To Pay $33M+ For AwesomenessTV – A Boost to Westside Creative Office

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.

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