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This article was published on September 22, 2014

AT&T and Chernin’s Otter Media buys YouTube network Fullscreen

AT&T and Chernin’s Otter Media buys YouTube network Fullscreen Image by: Justin Sullivan
Napier Lopez
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Napier Lopez

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Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in Napier Lopez is a writer based in New York City. He's interested in all things tech, science, and photography related, and likes to yo-yo in his free time. Follow him on Twitter.

Otter Media, a joint venture between AT&T and the Chernin Group, today announced it had completed its purchase of a majority stake in the popular YouTube network, Fullscreeen.

The network involves over 50,000 creators with 450 million subscribers, making it one of the largest collections of YouTube channels around. Together they generate around 4 billion monthly views.

Founder and CEO George Strompolos remains at the helm of the company, and the deal is expected to complete next month. The move follows Disney’s purchase of Maker Studios earlier this year, which kicked off current investor interest in acquiring YouTube networks. As the video giant continues to increase its role in content consumption (and advertising potential) over traditional media like TV, you can expect the trend to continue.

AT&T [via Re/Code]

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