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Los Angeles, August 07, 2018. AT&T* has acquired The Chernin Group’s controlling interest in Otter Media, the joint venture between the two companies. Otter Media, a leading subscription, advertising and content company, comprises wholly-owned subsidiaries Ellation, an online subscription video service provider, with offerings under the ...
Jul 6, 2022 · (Kevin Winter/Getty Images for TIFF) By Ryan Faughnder Staff Writer. July 6, 2022 5 AM PT. Former studio and TV network chiefs tend to return to the corporate C-suites of the major Hollywood...
- ryan.faughnder@latimes.com
- Company Town Senior Editor
In April 2014, AT&T partnered with The Chernin Group to invest $500 million in online video services. In April 2012, Chernin sold a minority stake of TCG to strategic investment partners Providence Equity Partners, a leading private equity firm, and other private investors.
Sep 22, 2014 · Since then, George and the Fullscreen team have achieved something remarkable – they have built one of the largest online content distribution networks, as well as created a leadership position in youth-oriented video programming,” said Peter Chernin, chairman and CEO of The Chernin Group.
The Chernin Group and AT&T have committed over $500 million in funding to the venture. Further financial terms of the transaction have not been disclosed. This alliance positions AT&T and The Chernin Group to take advantage of the rapid growth of online video and OTT video services, with each party bringing significant and complementary strengths.
Aug 7, 2018 · Aug. 7, 2018. LOS ANGELES — Jesse Jacobs, president of the Chernin Group, felt defeated. It was July 12, 2013, and Mr. Jacobs had just found out that a crucial deal — the independent media...
Sep 22, 2014 · A joint venture of AT&T Inc. and media mogul Peter Chernin plans to buy a majority stake in Fullscreen, which produces shows and music distributed via YouTube, as the telecom company...
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