The YouTube Revolution Continues: Fullscreen Acquired by Chernin Group, AT&T


Add Fullscreen to the list of acquisitions in the white-hot multichannel network industry.

The recent trend of investments and acquisitions in large YouTube video makers continued on Monday with the announcement that the Chernin Group and AT&T have bought a majority stake in Fullscreen.

Fullscreen’s purchase takes another major multichannel network (MCN) off the market, leaving few for content-hungry companies that have not yet been able to strike a deal.

The acquisition values Fullscreen at between $200 million and $300 million, …

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Via: Mashable: Business

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