James Donaldson has shut down rumors that he sold his popular YouTube channel MrBeast to media giant The Walt Disney Co. (NYSE:DIS), following weeks of speculation.
What Happened: The rumors were sparked by a joke made by The Iced Coffee Hour podcast hosts Graham Stephan and Jack Selby, who humorously suggested that MrBeast had sold his YouTube channel to Disney for $5 billion.
MrBeast, who commands a massive following of over 242 million subscribers on his primary YouTube channel, felt compelled to address the rumors after a snippet of the podcast episode resurfaced on Twitter on March 3, leading more people to believe that he had sold his channel incorrectly.
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