Disney Names Holt to Lead Maker Studios, Replacing Kreiz

Walt Disney Co. promoted Courtney Holt to head of its Maker Studios, replacing Ynon Kreiz, who will leave the online video creator next month.

Holt, who was also named an executive vice president, will report to Jimmy Pitaro, co-chair of Disney Consumer Products and Interactive Media, the company said Tuesday in a statement. The appointment is effective immediately.

Putting Holt, who previously served as Maker’s chief strategy officer, in charge provides continuity at the online-video company, which Disney bought in May 2014 for $500 million plus as much as $450 million based on the unit’s performance. Disney said in an October regulatory filing that it had allocated $198 million to cover the additional payments.

The Maker deal gave Burbank, California-based Disney a platform for creating and distributing short-form videos on YouTube, a fast-growing segment of the media business. The entertainment giant has used talent from Maker videos as well as the platform itself to unveil merchandise tied to the new film “Star Wars: The Force Awakens.”

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