Walt Disney Co. is laying off about 80 people as it radically shrinks the number of YouTube creators supported by its Maker Studios unit, said a person close to the company. Disney has been integrating Maker, which it acquired in 2014 for $675 million, into its consumer products and interactive business unit since December in an attempt to find a winning strategy for the business, which had been flailing. Some of those losing their...

Source: Wall Street Journal February 23, 2017 20:27 UTC