Latest in The Chernin Group

The Chernin Group is leading a $263 million strategic investment in pop culture lifestyle brand Funko, with Bob Iger and sports agent Rich Paul among the stakeholders. Peter Chernin and Iger, who ended his long run at Disney last year, are joining as advisers to the Funko board. Paul, CEO and founder of Klutch Sports…

Peter Chernin’s investment firm The Chernin Group has boosted its investment in interactive entertainment company Scopely, which announced that TPC and media giant Advance have just injected $200 million to help it grow its business. Scopley said that brings its latest round of funding – Series D – to $400 million…

Peter Chernin has closed a deal for a $700 million-plus fund for a new investment company to be called TCG, marking a departure from The Chernin Group's holding company structure. The news was announced in a letter from founders and principals Chernin, Jesse Jacobs and Mike Kerns. The letter was published Wednesday on…

AT&T has acquired the remainder of The Chernin Group’s controlling stake in Otter Media, with the plan to fold the subscription, advertising and content company the two formed in 2014 into AT&T’s WarnerMedia, the new content company created after the telco giant’s acquisition of Time Warner. Tony Goncalves, who was…

Otter Media, the joint venture between The Chernin Group and AT&T, has hired former Fullscreen Media exec Billy Parks for the newly created role of EVP Creative and Content Strategy. The plan is for Parks to work with companies in Otter’s portfolio to develop audience-driven digital video across platforms and grow…

AT&T and Peter Chernin’s joint venture, Otter Media, just promoted Sarah Harden to president — which positions her to be a key player as the telco prepares its big push into mobile video. In her new job, the former EVP of Strategy and Investments will “drive strategy and operational activities for Otter Media in…

The Chernin Group has joined forces with private-equity firm KKR to invest in media and entertainment companies across Asia. The partners are launching Emerald Media, which will focus on providing growth capital ranging from $15 million-$75 million to take stakes in or ownership of media, entertainment and digital…

Silicon Valley denizens have been waiting to see where Mike Kerns would wind up after April when he left Yahoo. He had been in charge of the company’s home page and video verticals, reporting CEO Marissa Mayer. Now they know: He’s the new President of Digital for The Chernin Group. He’ll work with Chairman Perter…

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 is a YouTube multi-channel network, or MCN, that provides YouTube creators with the technology and infrastructure they need to find advertisers and an…

This is a weird, but intriguing announcement. AT&T and The Chernin Group say today that they formed a venture “to acquire, invest in and launch over-the-top (OTT) video services.” (Jargon alert: OTT is industry-speak for an online service that can take the place of traditional pay TV.) The two have committed more than…

Now there are two: Guggenheim Digital Media and KKR have dropped out of the bidding for the video streaming service, CNBC reports from the Allen & Co. conference that draws hundreds of moguls each year to Sun Valley, Idaho. The sole remaining bidders for Hulu are DirecTV and the Chernin Group/AT&T partnership…

Peter Chernin's media company The Chernin Group has acquired a stake in online video business Base 79, the largest YouTube network in the EMEA region. The Financial Times values TCG’s investment at about $10M in return for a 28% stake. (TCG last week secured its own investment of about $100M from Qatar Holding, which…