Chernin enters video streaming business

peter-cherninFormer News Corp boss Peter Chernin has bought a controlling stake in Crunchyroll. His Chernin Group is paying about $100 million for San Francisco-based Crunchyroll, which at the moment specialises in Japanese animation.

The Chernin Group is backed by Qatari government funding. Chernin was earlier attempting to buy Hulu, a TV and video streaming service.

Chernin, in a statement said that he would use Crunchyroll as the core to a new service with added channels in different genres.

Crunchyroll was founded in 2006 by a group of Californian university graduates and current specialises in anime, drama, manga, music and electronic entertainment.  Investors to date include TV Tokyo and the Rockefeller family venture capital group Venrock.

Posted by on Dec 3 2013. Filed under Articles, IPTV, OTT, People.

Search Archive

Search by Date
Search by Category
Search by keyword
Copyright Advanced Television Ltd © 2001-2014