Fullscreen Scores Investment From Chernin Group, Comcast Ventures & WPP

Online video company Fullscreen has closed a round of Series A funding led by the Chernin Group, Comcast Ventures and WPP Digital, the company announced today. The size of the investment was not disclosed, but it’s believed to be in the “8-figure range”, according to the Los Angeles Times. Fullscreen said it will use the investment to support the company’s domestic and international expansion across technology, audience development and sales. The company will also use the cash infusion for financing new owned-and-operated content initiatives. “Fullscreen’s mission is to empower a new generation of video creators to reach online audiences on a global scale,” said Fullscreen CEO George Strompolos, who founded the company two years ago. Fullscreen is currently ranked as the number one independent YouTube partner network based on total unique viewers, according to comScore. The Fullscreen network has over 10,000 channels, more than 150 million subscribers and over 2.5 billion monthly views and lists NBCUniversal and Ryan Seacrest Productions among its clients.

This article was printed from https://deadline.com/2013/06/chernin-group-comcast-ventures-wpp-fullscreen-youtube-522736/