The former Fox entertainment boss holds sway as a digital-media mogul, investor and producer. Peter Chernin was recognized as part of 2018's Variety500 presented by verizondigital
For this entertainment mogul turned investor, placing a big digital-media bet paid off. In the summer of 2018, Chernin sold his eponymously named media and investment company’s majority stake in Otter Media to AT&T in a deal valued at $1 billion.
That came after Chernin had formed the OTT video venture, which houses brands including Fullscreen, Crunchyroll and Rooster Teeth, with the telco in 2014. Now media watchers are watching to see where he puts his chips next. While Chernin departed the number two job at the parent of 20th Century Fox in 2009, his company remains a player in the business via Chernin Entertainment’s deal with Fox for movies and The Chernin Group’s TV division.
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