Time Warner In Talks To Buy Fullscreen Inc.: Bloomberg

(RTTNews) - Time Warner Inc. (TWX), is said to be in talks to acquire a YouTube video networks company Fullscreen Inc., according to Bloomberg.

George Strompolos, CEO of Fullscreen Inc., is seeking a price similar to what Disney paid last month for Maker Studios, the report stated, citing a person with knowledge of the matter.

Fullscreen claimed in an April release that it has 380 million subscribers and more than 3 billion monthly video views. The company generated $50 million to $70 million in revenue last year, which it shares with the YouTube channels in its network, and isn't profitable, the report said further.

Time Warner joins Yahoo! Inc. and Relativity Media LLC in looking at Fullscreen, the report added.

Fullscreen is an independent YouTube network based on unique viewers according to comScore Video Metrix, Fullscreen equips content creators and brands with technology tools, premium services and strategic consultation for audience development and innovative brand solutions on YouTube.