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, …
Via: Mashable: Business