YouTube network Fullscreen acquisition is possibly close to official as stated by tech blog Re/code in relation to AT&T Inc. and Chernin Group’s deal of buying the network for $300 million from its $200 million worth.
YouTube network Fullscreen acquisition will likely be commented by AT&T, Chernin Group, and Fullscreen soon, but not for now. The joint venture of the investment group and telecom carrier is led by Peter Chernin, a media entrepreneur. According to the reports, the compounding of the companies had closed the arrangement and trashed other prospective buyers of the video network in the past months. It seems that the AT&T and Chernin Group will follow the reported purchasing of Maker Studios by Walt Disney Co. earlier this 2014. Basically, analysts considered the latter deal a way for Google Inc.’s YouTube to have a potential value in the market.
The acquisition of Fullscreen will likely cause media companies to turn table and give attention to other media companies, which are emerging with proprietary technology and having great asset like Fullscreen. Since the deal with the multi-channel network and AT&T and Chernin Group is likely to close very soon, media companies will possibly give way to StyleHaul, Tastemade, and Danceon, which are potential acquisitions to make. You can tell this possible for even Time Warner pulled back from Fullscreen when Yahoo made a not so large enough offer. In other words, even smaller networks may have their “says” in the market due to risk management concerns of investors.
AT&T and Chernin Group will definitely have great advantages by pursuing YouTube network Fullscreen acquisition, especially now that the media network has a great asset to the audience as proven by its 3 billion monthly video views, which come from 400 million subscribers. Other than that, the deal will also allow for the $500 million investment of Otter Media from the telecom and investment companies.