Maker Studios' payout from Disney, a year after its acquisition, will be somewhat smaller than the potential $450 million that was on the table at the deal signing. The multichannel network's backers will instead see a just $105 million of an initial earn-out that could have reached $200 million. And with the MCN and its parent company facing rough waters ahead, it's unlikely that Maker will reach the goals set out for it. That means the remaining chance at a $250 million payout from Disney is increasingly unlikely. Re/code details the disappointing results in this article.