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AT&T and Chernin Group Commit $500 Million to Take on Netflix

Roshan Dwivedi Published on : 22 December 2014

AT&T and media investment firm The Chernin Group are putting up $500 million for creation and development of video streaming services. The companies would look “to acquire, invest in and launch” so-called over-the-top (OTT) services that provider consumers with online content. The strategic goal of this initiative will be to invest in advertising and subscription VOD channels as well as streaming services.

Why drive traffic to 3rd party Video streaming sites like YouTube and Vimeo? Launch your OWN Video Streaming Platform and OWN & Monetize your own Traffic with the help of Muvi Studio.

Read the entire story here.

Written by: Roshan Dwivedi

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