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.
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.
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.
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 and AT&T Inc. submitted a joint bid for Hulu LLC, the video-streaming service, meeting the deadline for binding offers, according to a person with knowledge of the situation.
Peter Chernin’s CA Media acquired a 49 percent stake in the Indian unit of television producer Endemol NV.
At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television service.
"This is the first inning of a sizable migration to online video."
- Peter Chernin on Apr 22, 2014