Peter Chernin, the former News Corp. chief operating officer, offered at least $500 million for Hulu, the online television service he helped found, two people with knowledge of the situation said.
AT&T Inc. plans to introduce an online-TV service by the end of this year, part of a pact with Chernin Group to invest more than $500 million to draw consumers who are flocking to Internet video.
Microsoft Corp. and former News Corp. President Peter Chernin have discussed creating a television channel for users of the Xbox video-game console, said two people with knowledge of the proposal.
Peter Chernin, News Corp.’s former chief operating officer, is investing in the Hong Kong-based mixed martial arts promoter Legend Fighting Championship.
Peter Chernin, former chief operating officer of News Corp., sold a minority stake in his company to Providence Equity Partners for $200 million, a person with knowledge of the situation said.
Chernin Group, led by former News Corp. executive Peter Chernin, acquired a majority stake in Crunchyroll Inc., adding to a portfolio of Web companies with a site that streams Japanese cartoons.
"This is the first inning of a sizable migration to online video."
- Peter Chernin on Apr 22, 2014