Sep
22
Why YouTube Giant Fullscreen Sold to AT&T, The Chernin Group
Posted in: Uncategorized
The companies that were expected to be the digital heirs to Disney and Warner Bros. are instead becoming their digital extensions.
Six months after the largest YouTube network Maker Studios agreed to sell to Disney, Maker’s biggest rival, Fullscreen, has sold a majority stake to Otter Media, a joint venture between AT&T and The Chernin Group that is focused on internet-delivered video services.
Fullscreen and Maker Studios aren’t the only YouTube networks to cozy up to larger media companies this year. Defy Media sold a minority stake to Viacom. Machinima struck a similar deal with Warner Bros. And Big Frame was bought by fellow YouTube network AwesomenessTV, which itself was acquired by DreamWorks Animation in 2013.
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