Search results
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 ...
Aug 8, 2018 · “From the outset, [AT&T CEO] Randall Stephenson and John Stankey championed the Otter strategy and vision, and AT&T has been an ideal partner in building the business — smart, creative and supportive,” said Chernin Group CEO Peter Chernin, a former Fox executive. “With AT&T’s direct-to-consumer relationships, vast data and varied ...
Oct 24, 2016 · 6:16. Credit longtime Hollywood executive Peter Chernin with igniting the spark that led to AT&T Inc. ’s $85.4 billion takeover of Time Warner Inc.
- 5 min
- A Business Partnership Agreement Origin Story
- Throwing Them Off The Scent
- A Deal Emerges
- Key Issues For A Potential Business Partnership Agreement
- Related Posts
The first sparks between AT&T and Time Warner were ignited when Hollywood executive Peter Chernin, chairman and CEO of The Chernin Group and a partner with AT&T in an online media venture, met AT&T CEO Randall Stephenson over dinner on Martha’s Vineyard. Chernin, who had recently had a discussion with a high-ranking Time Warner executive, urged Ste...
During the “whirlwind courtship” that followed, Stephenson and Bewkes went to great lengths to keep the negotiations under wraps, concerned about a backlash from lawmakers and consumer advocacy groups, according to Bloomberg. At first, a small group of only eight people, including Stephenson and Bewkes, even knew about the talks, which were code-na...
AT&T was well aware that Time Warner’s primary interest in the negotiation was to get a high price. In 2014, the media company had turned down an $85-per-share bid from 21st Century Fox for being too low. Hoping to fend off competing offersfrom Google or Apple, AT&T was determined to make a bid for Time Warner that “it hoped couldn’t be refused,” B...
Reactions to the announcement were mixed, with several pivotal issues attracting attention. 1. The effect on outsiders.At the time, presidential candidates Hillary Clinton and Donald Trump both suggested the merger might be a bum deal for consumers. But Los Angeles Times writer David Lazarus predicted that the Justice Department and Federal Communi...
October 22, 2016 @ 9:37 PM. Time Warner CEO Jeff Bewkes is expected to stay on through the close of the company’s acquisition by AT&T and is unlikely to be replaced by former Fox top executive...
Sep 22, 2014 · LOS ANGELES and DALLAS, September 22, 2014 – Otter Media, a venture between The Chernin Group and AT&T*, today agreed to purchase a majority stake in Fullscreen, a global online media company. As part of the deal, Fullscreen CEO and Founder George Strompolos will continue as CEO and maintain a material ownership stake in the company.
Oct 1, 2014 · Chernin Group and AT&T revealed Sept. 22 that they will take a majority stake in the company through Otter Media, a joint venture created in April to invest more than $500 million in digital...
