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This coincided with the change in YouTube’s promoting insurance policies around child-focused content that resulted in an estimated 50-60% revenue loss for the highest youngsters’s channels. After a July 2019 settlement with the United States Federal Trade Commission (FTC), YouTube started implementing main changes to its advice algorithm, knowledge collection, and ad concentrating on for children’s content. In July 2020, Jeon bought his wholly owned company, Treasure Studio, which produced Cocomelon and employed around 20 people, to Moonbug Entertainment, a British agency targeted on children’s content.
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