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Aug 7, 2018 · Jesse Jacobs, left, and Peter Chernin, the top executives at the Chernin Group. Four years ago, they made a bet on streaming and video services, which paid off in a deal worth more than $1 billion.
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 Crunchyroll and VRV brands, as well as a full-service digital media company ...
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.
In 2018, Chernin, Jesse Jacobs, and Michael Kerns of The Chernin Group formed TCG Capital Management, an investment advisory firm. TCG manages private equity investments in the media, entertainment, technology, sports and consumer sectors. That same year, Chernin divested its interest of Crunchyroll to AT&T and folded into WarnerMedia division.
- May 29, 1951 (age 72), Harrison, New York, U.S.
- Chairman and CEO, The Chernin Group (TCG)
Sep 22, 2014 · Mon, 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 ...
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.
Sep 22, 2014 · September 22, 2014 8:10am. 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 ...
