- Peter Chernin 's The Chernin Group and AT&T have finalized a deal to acquire a majority stake in YouTube network Fullscreen. The companies are handling the deal, which is expected to close in the ...
“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. “With AT&T’s direct-to-consumer relationships, vast data and varied content, I believe they can accelerate Otter’s growth.
The Chernin Group and AT&T Create New Venture to Acquire, Invest In and Launch Online Video Businesses. DALLAS and LOS ANGELES, April 22, 2014 — 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. The Chernin Group and AT&T have committed over $500 million in funding to the venture.
Peter Chernin was a strategic partner and advisor since Fullscreen’s inception. In May 2011, the Chernin Group officially came on board as an investor. In the fall of 2014, the Chernin Group and AT&T's Otter Media acquired a controlling stake of Fullscreen, aligning with Otter Media's focus on youth media.
Sep 22, 2014 · Peter Chernin 's The Chernin Group and AT&T have finalized a deal to acquire a majority stake in YouTube network Fullscreen. The companies are handling the deal, which is expected to close in the...
Oct 24, 2016 · New York: 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.
Peter Chernin is an American businessman and investor. He is the chairman and CEO of The Chernin Group, which he founded in 2010. TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: making investments in technology and media companies in the US, developing premium content for film and television, and capitalizing on strategic business opportunities in emerging markets.
Nov 21, 2016 · Chernin founded Otter Media as a joint venture with AT&T in April 2014 to finance, acquire and start digital ventures and over-the-top video services.
Meanwhile, Cherin is regarded as the world's most influential media and entertainment executive. Likewise, he made a offer for the streaming video website Hulu at about $500 million in April 2013. In addition to this, in April 2014 TCG joined with AT&T to spend $500 million in streaming video content.
Sep 22, 2014 · The long-rumored deal brings YouTube ‘s largest remaining independent content provider under the control of AT&T ’s video joint venture with Peter Chernin. Fullscreen is a YouTube multi-channel...