Chernin Group

AT&T, Chernin Group Take Majority Stake in Online Network

As Internet stars continue to rise over their traditional television counterparts, old media is taking notice and wanting in on the million-dollar action. Which is why Otter Media, a joint venture between AT&T and Chernin Group, has taken a majority stake in online multi-channel network Fullscreen.

Chernin Group, AT&T Set to Buy YouTube Network Fullscreen

Otter Media, the joint venture between Chernin Group and AT&T, is finalizing a deal to purchase a majority stake of YouTube network Fullscreen, Re/code reported. The deal reportedly values Fullscreen at between $200 million and $300 million.

Hulu Bidding War Heats Up

While the bidding fracas over Hulu begins to take on the dimensions of an all-out war, it appears that the brand’s suitors are unwilling to pay anywhere near its $2 billion valuation.