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“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 ...
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 ...
Peter Chernin (born May 29, 1951) is an American film and television producer, businessman and investor. He is the chairman and CEO of The Chernin Group (TCG), which he founded in 2010. TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors.
- May 29, 1951 (age 72), Harrison, New York, U.S.
- Chairman and CEO, The Chernin Group (TCG)
AT&T has acquired the Chernin Group’s controlling interest in Otter Media, the four-year-old joint internet-video venture between the two companies, in a deal reported to be worth $1 billion.
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.
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 · Chernin Group founder Peter Chernin (pictured above) tells the Times that AT&T will likely fold Otter into this growing entertainment portfolio. AT&T has renamed Time Warner WarnerMedia, and the division will be led by CEO John Stankey — an AT&T veteran of three decades.
