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Mitu

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'''mit&#250;''' is an English language, Latinx digital media company, Multichannel Network (MCN) and boutique publisher.<ref name="Spangler Spangler 2014"/> In 2016, the network became the largest Hispanic focused digital channel with 2 billion views per month.<ref name="Spangler Spangler 2016"/>
Founded in 2012 by Emmy award winning Beatriz Acevedo, her husband Doug Greiff, and Roy Burstin.<ref name="NBC News 2015"/> In addition to partner channels. mit&#250; also produces episodic content with non-career entertainers in their Baja California studios.<ref name="Fernandez 2020"/> The networking conglomerate achieved 40 million subscribers, across 1200 MCN partner channels in 2014,<ref name="Spangler Spangler 2014 10 million"/> the company's YouTube channel (we are mit&#250;) has 373,000 direct subscribers as of May 2020.<ref name="YouTube about"/> mit&#250; is headquartered in Los Angeles with offices in Mexico City,<ref name="Spangler Spangler 2014 10 million"/> and production studios in Baja California.<ref name="Fernandez 2020"/>
[[Wikipedia:Peter Chernin|Peter Chernin]] put together a $3 million investment vehicle to initially fund mit&#250; in 2012,<ref name="Fernandez 2020"/> and in 2014, Disney's [[Wikipedia:Disney Digital Network|Maker Studios]] followed with second round funding of $10 million.<ref name="Spangler Spangler 2014 10 million"/> By 2016, the network was serving 2 billion video views per month on Facebook and YouTube, Series C fuding, which included Verizon, brought venture funding levels to $43 million.<ref name="Spangler Spangler 2016"/> In 2018, Maker Studios was folded into Disney Digital Network and Beatriz Acevedo and several top executives were cut from mit&#250; in a reorganization.<ref name="Villafañe 2018"/><ref name="Billboard 2018 reorg"/> Latido Networks acquired mit&#250; in February 2020 to compliment its label, Cinq Music and Spanish language outlet Latido Music.<ref name="Fernandez 2020"/>