October 31, 2024 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Former Maker Studios Co-Founder Raises $25 Million for Venice’s Zealot

The ousted former CEO and co-founder of Maker Studios has reportedly raised $25 million to launch Zealot Networks, a digital media and talent company based in Venice, it was announced Aug. 4.

Danny Zappin, who reportedly launched an unsuccessful campaign to block a shareholder vote of whether Disney should acquire Maker Studios, was apparently assembled an investor group that included current and former employees from the multi-channel network he helped establish in 2009.

After being fired by Maker Studios, Zappin spearheaded the creation of Zealot Networks. With the platform, Zappin aims to position Zealot Networks as “a digital-first media company and growth accelerator that empowers creative entrepreneurs and talent, delivering multi-platform revenue, distribution and growth opportunities.”

“With a sizeable war chest and an innovative business model, Zealot is poised to lead the next chapter in the ongoing evolution of digital media,” a statement issued by Zealot Network’s publicity team stated.

Zappin, who serves as president and CEO of Zealot Networks, was not available for comment or interview, but the company did release a statement on his behalf.

“With Zealot, I’m pursuing my greater vision of empowering creative individuals with a new focus on entrepreneurs, distribution and emerging platforms. We’re operating in multiple passion-based verticals, building zealous audiences and providing services for companies, brands and talent across multiple platforms to help them realize their business visions and creative passions,” Zappin’s statement read.

According to the company and multiple news reports, Zappin sourced the $25 million from himself and “more than 15 former and current Maker Studios employees, talent and members of the management team.”

The $25 million is expected to “support operations, acquisitions, and investments,” according to the company.

Zappin reportedly tried to block Disney’s acquisition of Maker Studios earlier this year. Disney doled out $950 million to bring Maker Studios into its fold.

Zealot Network’s website can be found at zealotnetworks.com.

Related Posts

10 Reasons Why Players Prefer to Use Crypto When iGaming in California

September 1, 2024

September 1, 2024

As online gaming continues to evolve, players are increasingly turning to cryptocurrencies as their payment method of choice. In California,...

Is California Going to Legalize Gambling in 2024/2025?

June 5, 2024

June 5, 2024

The issue of gambling legalization in California has been a topic of debate for many years. As the largest state...

Los Angeles Experience Gifts for People Who Don’t Want More Clutter

May 15, 2024

May 15, 2024

Just like you, most gift recipients in Los Angeles don’t want more stuff. The Los Angeles experience gifts on this...

California: Pioneering the Future of Online and Digital Payments

January 11, 2024

January 11, 2024

In the fast-paced digital economy of the 21st century, California has emerged as a powerhouse in the realm of online...

A Guide to the Current Gambling Situation in Canada

January 1, 2024

January 1, 2024

For centuries, gambling has woven itself into the fabric of human culture; in recent years–marking an era where evolution pervades...

Smart Strategies to Save Money in Your Entertainment Budget

December 30, 2023

December 30, 2023

Many individuals and families in today’s fast-paced world share a common goal: finding ways to save money. The entertainment budget...

California’s top sports teams.

December 1, 2023

December 1, 2023

California is known worldwide for a multitude of exciting things. They’re known for their incredible beaches, glorious sunshine, and fabulous...

Your Lucky Numbers: Six Tips Towards Lottery Success

November 30, 2023

November 30, 2023

Have you ever wondered how people win money from the lottery? They may not always hit the jackpot, but they...

Five different ways to unwind.

October 1, 2023

October 1, 2023

Modern life is always busy and it can feel like your to-do list is never ending. When you’re not working,...

Over Half of Short-Term Rentals Advertised in LA Don’t Comply With City’s Home Sharing Ordinance

April 4, 2023

April 4, 2023

Better Neighbors LA report highlights the inadequacies of enforcement measures for short-term rentals in Los Angeles, calling for increased regulation...

Venice Beach Attempted Murder Suspect Arrested in West Virginia

December 22, 2022

December 22, 2022 1

Brandon Manyo Dixon arrest in West Virginia By Sam Catanzaro A man has been arrested for the attempted murder of...

The Current Gambling Situation in California

December 1, 2022

December 1, 2022

Here’s what to know about everything from online casinos to betting in the state. In the U.S., gambling is a...

Cancer Cartel Provides Financial Help To Cancer Patients

November 16, 2022

November 16, 2022 2

Cancer Cartel is helping cancer patients focus on their treatment, not the financial stress of living with a diagnosis. Learn...

100 Miles of Bus-Only Lanes Within Five Years on City Council Plans

October 17, 2022

October 17, 2022

L.A’s public transportation network is known for being slow due to traffic congestion. A new motion by L.A. City Council...