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March 29, 2015 1:27 PM ET

Media

Company Overview of The Chernin Group, LLC

Company Overview

The Chernin Group, LLC, through its subsidiaries, produces feature films and television programs. The company also builds, manages, and operates media, entertainment, and technology businesses across Asia. The Chernin Group, LLC was founded in 2009 and is based in Santa Monica, California.

1733 Ocean Avenue

Suite 300

Santa Monica, CA 90401

United States

Founded in 2009

Key Executives for The Chernin Group, LLC

Founder, Chairman and Chief Executive Officer
Age: 63
Compensation as of Fiscal Year 2014.

The Chernin Group, LLC Key Developments

The Chernin Group and AT&T Create New Venture to Acquire, Invest in and Launch Online Video Businesses

AT&T and The Chernin Group announced the formation of a venture to acquire, invest in and launch over-the-top (OTT) video services. The Chernin Group and AT&T have committed over $500 million in funding to the venture. This alliance positions AT&T and The Chernin Group to take advantage of the rapid growth of online video and OTT video services, with each party bringing significant and complementary strengths. The strategic goal of this initiative will be to invest in advertising and subscription VOD channels as well as streaming services.

Chernin Reportedly Buying CrunchyRoll

The Chernin Group, LLC is planning to buy CrunchyRoll, Inc. People close to the matter said that Peter Chernin Group is buying a majority stake in a deal that will value Crunchyroll at around than $100 million. According to the news report, a representative for Chernin declined to comment.

Hulu Reportedly Receives Three Bids

Hulu, LLC has received three valued about $1 billion from suitors including a partnership of The Chernin Group, LLC and AT&T, Inc. (NYSE:T), Guggenheim Digital Media and Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), according to people familiar with the matter. Hulu's owners, Twenty-First Century Fox, Inc. (NasdaqGS:FOXA), The Walt Disney Company (NYSE:DIS) and Comcast Corporation (NasdaqGS:CMCS.A). had set a July 5, 2013 deadline for bids. The owners will review their options and work out a definitive agreement with one of the suitors in the next week or two, one of the people said. DIRECTV (NasdaqGS:DTV) had submitted an earlier-round bid of more than $1 billion and is seen as a leading contender. It is keen to bundle Hulu with its pay TV packages while also offering a stand-alone option, people familiar with the matter said. Guggenheim Digital Media and KKR have partnered for the bid.

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