Dude Perfect, a YouTube channel with 60 million followers for its trick shots and athletes' interactions, has appointed Andrew Yaffe, an ex-NBA executive, as its new CEO. Yaffe will oversee the channel's expansion into a family-friendly media empire encompassing TV, video games, and live entertainment. With its extensive audience, Dude Perfect aims to monetize its presence on YouTube and capitalize on related ventures, including mobile games, TV shows, and a book. The channel's creators, the "dudes," have received over $100 million in investment from Highmount Capital to scale their production and increase their video frequency from bi-weekly to daily.

In an unprecedented move, Dude Perfect, the globally recognized YouTube channel renowned for its captivating trick shots and athletes' interactions, has appointed seasoned executive Andrew Yaffe as its new CEO [1]. This strategic decision marks the beginning of an ambitious expansion for the brand, transforming it into a comprehensive family-friendly media empire encompassing television, video games, and live entertainment.

With a staggering 60 million followers across various platforms, Dude Perfect has garnered an immense audience. Capitalizing on this extensive reach, the company aims to monetize its presence on YouTube and explore related ventures. These include mobile games, TV shows, and a book, ultimately solidifying its position as a dominant force in the media industry [1].

Coby Cotton, one of Dude Perfect's co-founders, expressed their excitement about the expansion. "We've had a lot of dreams and big visions that we haven't yet been able to tackle with the size team that we have or the amount of capital that we've had so far," Cotton said in an interview with The Hollywood Reporter [1]. He further elaborated on the company's intentions, stating their desire to create more live experiences and explore consumer product opportunities [1].

The potential for growth is immense, with the creator economy valued at $250 billion and expected to double in the coming years [1]. Highmount Capital, the company's new investor, recognizes the significance of this opportunity. "I mean, you're talking about the creator economy being at $250 billion and doubling in the next couple of years," said Jason Illian, co-founder and general partner at Highmount Capital [1]. He emphasized the potential impact of Dude Perfect on this evolving landscape, stating, "three out of four kids said they want to be an influencer and a creator, so I don't think they're gonna call this the creator economy in the near future, they're just gonna call it media, because that's really what it is, and the Dudes are at the front end of that" [1].

Founded in 2009 by five friends at Texas A&M, Dude Perfect has come a long way from its humble beginnings. With the support of Highmount Capital, the company is poised to achieve even greater heights, solidifying its status as a pioneering force in the media industry.

References:
[1] Hollywood Reporter. (2022, February 15). YouTube's Dude Perfect Lands $100M-Plus Investment From Highmount Capital. Retrieved from https://www.hollywoodreporter.com/business/digital/youtube-dude-perfect-100m-investment-highmount-1235868550/.