Chernin Group


KKR-backed Emerald buys Cosmos-Maya

A media firm with backing from private equity investor KKR has acquired a majority stake in prolific Indian animation producer Cosmos-Maya. Emerald Media is behind the deal, financial terms of which were not disclosed. Emerald was launched as a pan-Asian media, entertainment and consumer tech investor, and counts experienced TV industry execs Rajesh Kamat (pictured) […]

Fullscreen to shut down SVOD service

Fullscreen Media is due to shut down its Fullscreen subscription video-on-demand service in January 2018. In an email to staff, Fullscreen founder and CEO George Strompolos said that despite its momentum the company had made the difficult decision to close its SVOD service in order to prioritise spending elsewhere. “We came to the conclusion that […]

Chernin and KKR back Asian OTT service

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. YuppTV, based in Atlanta in the US, provides live TV, catch-up TV and movies on-demand in 14 languages across the globe with a mix […]

Pope to head Robinov studio TV arm

Katherine Pope will run the new TV production arm of film producer Jeff Robinov’s independent movie studio. Having launched his company, Studio 8, last year with financial backing from China’s Fosun Group, former Warner Bros. Motion Picture Group president Robinov is branching out into television. Former Chernin Group president Pope will run the unit, which […]

Chernin: Sports more profitable online

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 […]

Chernin’s Otter buying MCN Fullscreen

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 […]

Base79 trebles online video views

Base79, the UK-based network for video creators, content owners and brands, reached 92 million unique viewers globally in September – triple the number of views from the same time last year. The figure, taken from Comscore’s Worldwide YouTube partner report, puts Base79 ahead of other multichannel networks such as Machinima and Rightster, Base79 claims. The […]

Hulu parents scrap sale, inject $750m

Hulu’s US broadcaster owners have scrapped the sale of the streaming website for a second time and will instead recapitalise it, though reports say they remain in talks with Time Warner Cable over a 25% stake. The Walt Disney Company and 21st Century Fox on Friday revealed they had decided against selling Hulu to the […]

Eisner: Hulu buyer will lose next-day rights

Former Disney chairman Michael Eisner has predicted the victor in the battle to buy US streaming service Hulu will lose the prized next-day rights it currently offers. Speaking to Bloomberg Television yesterday, Eisner revealed that he had considered making an offer for the US$1 billion-valued platform but decided against the risk the company potentially comes […]

AT&T is ‘latest Hulu suitor’

US telco AT&T is reportedly in discussions about making a joint bid for Hulu, marking the latest big-name firm said to be competing for the VOD site. According to All Things D, AT&T is talking with the Chernin Group about making a joint offer. The investment firm – run by run by former News Corp […]