Can someone explain to me the rationale behind this valuation? It seems a bit high.
As far as I know, their biggest distribution has been on Youtube. Maybe I'm wrong here, but assuming this is the case...
Some rough math: - On Youtube, they have ~5m fans. - 1287 videos
Assuming 100k per video. We're talking about ~100M - 200M aggregate views. That's minimal.
So what's so valuable about this media?