Wednesday, August 8, 2018

AT&T Buys Otter Media

AT&T said Tuesday afternoon that it has acquired the remaining part of Otter Media--the parent company of Fullscreen--that it did not own from The Chernin Group. Financial terms of the acquisition were not announced. Otter Media owns such brands as Ellation, Fullscreen, Rooster Teeth, plus owns stakes in Gunpowder & Sky, plus Hello Sunshine, the media company founded by Reese Witherspoon. AT&T said Otter Media will become part of its WarnerMedia unit, and will continue to be run by CEO Goncalves. AT&T said the deal will "not have a material effect" on its first half 2018 results.

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