Yahoo is in the process of building a 5,000 square feet in a midtown Manhattan office space, a move that has some shareholders and analysts wondering if a takeover is still in the cards for the internet search and content development company
The new studio is set to feature two sets, seven edit rooms, a green room and a state-of-the-art control center.
According to the Hollywood Reporter the new facility is meant to be part o the company’s newly announced partnership with ABC News which will distribute Yahoo News content to the ABC Network while both company’s will work together to produce original, engaging content.
Speaking of the project Michael Manas, head of production supervision for Yahoo Studios New York revealed:
“This is showing Yahoo’s commitment to premium video content … The studio will be a massive source of pride and enhance our ability to grow and innovate.”
In the meantime as Yahoo attempts to scale their content development outwards they also continue to examine various bids from the likes of the Alibaba Group, venture capitalist Andreessen Horowitz and even Microsoft. At this time it’s still not known if the company will sell off their Asian assets, offer a minority stake in the company or sell outright to an investor or group of investors.
Do you believe that Yahoo can make an honest run at the mainstream content development sector? Perhaps it’s time for new media to adapt for old media in the same way old media is adapting to new media but only time will tell.