Peter Chernin has linked up with two US-based private equity firms to create The North Road Company, with its first acquisition the US$200 million pick-up of ProSiebenSat.1-owned Red Arrow Studios’ North American production firms. The company is being backed by Providence Equity Partners and Apollo, which will together provide access to $800m to fuel further […]
US-based digital media investments firm Otter Media has appointed a new CEO, who will transfer down from shareholder AT&T. Tony Goncalves has been appointed to the role having consulted with the business since its inception in 2014. Otter has been looking for a new chief since president Sarah Harden became CEO of Hello Sunshine, a […]
Emerald Media, a pan-Asian media investment vehicle backed by private-equity outfit KKR and Peter Chernin, is taking a minority stake in South Asian content-focused OTT TV service YuppTV for US$50 million (€40 million). YuppTV, based in Atlanta in the US, provides live TV, catch-up TV and movies on-demand in 14 languages across the globe with […]
Peter Chernin’s media business has recruited Kristen Campo to run its TV business. She will be executive VP, television, at Chernin Entertainment, replacing Dante Di Loreto, the Glee producer who joined the company last year. He will have a production deal with Chernin. Campo joins from Fabrik, the US drama prodco that is backed by Red Arrow, […]
OTT investment business Otter Media has upped Sarah Harden to president. Otter was formed last year as a joint venture between former Fox and News Corp. boss Peter Chernin’s company and telco giant AT&T. It was set up with US$500 million to invest in OTT and online platforms and content businesses. Harden has been upped […]
Peter Chernin’s media investment business has hired Mike Kerns as president of digital. In his new role at The Chernin Group, Kerns will work on the company’s digital portfolio and investment strategy. He will also sit on the board of Otter Media, TCG’s joint venture with AT&T that was set up to invest in and […]
There is more money to be made by distributing sports events online than through traditional broadcast deals, according to former News Corp boss and Chernin Group CEO, Peter Chernin. Speaking at tech website Re/Code’s conference Code/Media in Dana Point, California, Chernin predicted an “inevitable evolution” in the distribution of live sports, pointing out that “15 […]
Peter Chernin is adding leading multichannel operator Fullscreen to its growing media empire. Otter Media, which is a joint venture of The Chernin Group and US telco AT&T, have agreed to buy the company for an undisclosed amount. Otter was established to invest in, acquire and launch OTT services. Recode, which originally linked Otter to […]
Peter Chernin and AT&T’s new joint venture company has bought online arts and crafts video site Creativebug. Chernin and US telco AT&T announced the JV, since christened Otter Media, in April, and said they would commit US$500 million to investing in over-the-top services. Creativebug is the first acquisition made by Otter. The San Francisco-based how-to […]
US telco AT&T and Peter Chernin’s Chernin Group said yesterday they will invest US$500 million (€362 million) in over-the-top TV services. The telco has a huge base of wireless and broadband customers and plans to take on the likes of Netflix and Hulu with its own video services for connected consumers. The OTT initiative will […]
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