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Apr 22, 2014 · NEW YORK (AP) — AT&T and an investment firm run by former News Corp. executive Peter Chernin have formed an online video venture that could rival Netflix and Hulu. AT&T Inc. and Chernin Group said Tuesday that they have committed more than $500 million in funding toward the venture.
AT&T* and The Chernin Group, which manages and invests in media businesses around the world, today announced the formation of a venture to acquire, invest in and launch over-the-top (OTT) video services.
“From the outset, 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 Peter Chernin, CEO, The Chernin Group.
Apr 22, 2014 · AT&T Inc said Tuesday it would partner with The Chernin Group media holding company to invest $500 million in a joint venture for web-based video services, making it the latest company aiming...
Peter Chernin is one of the industry’s most accomplished media executives with a three-decade history leading and growing blue chip content companies as well as investing and cultivating direct to consumer businesses.
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 · By Lisa Richwine LOS ANGELES (Reuters) - Otter Media, a joint venture between telecom giant AT&T Inc and The Chernin Group, has agreed to buy a majority stake in Fullscreen, one of the largest...
