April 21, 2014 6:53 AM ET

Media

Company Overview of The Chernin Group, LLC

Company Overview

The Chernin Group, LLC, through its subsidiaries, produces feature films and television programs. The Chernin Group, LLC was founded in 2009 and is based in Santa Monica, California.

1733 Ocean Avenue

Suite 300

Santa Monica, CA 90401

United States

Founded in 2009

Key Executives for The Chernin Group, LLC

Founder
Age: 62
Compensation as of Fiscal Year 2013.

The Chernin Group, LLC Key Developments

Chernin Reportedly Buying CrunchyRoll

The Chernin Group, LLC is planning to buy CrunchyRoll, Inc. People close to the matter said that Peter Chernin Group is buying a majority stake in a deal that will value Crunchyroll at around than $100 million. According to the news report, a representative for Chernin declined to comment.

Hulu Reportedly Receives Three Bids

Hulu, LLC has received three valued about $1 billion from suitors including a partnership of The Chernin Group, LLC and AT&T, Inc. (NYSE:T), Guggenheim Digital Media and Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), according to people familiar with the matter. Hulu's owners, Twenty-First Century Fox, Inc. (NasdaqGS:FOXA), The Walt Disney Company (NYSE:DIS) and Comcast Corporation (NasdaqGS:CMCS.A). had set a July 5, 2013 deadline for bids. The owners will review their options and work out a definitive agreement with one of the suitors in the next week or two, one of the people said. DIRECTV (NasdaqGS:DTV) had submitted an earlier-round bid of more than $1 billion and is seen as a leading contender. It is keen to bundle Hulu with its pay TV packages while also offering a stand-alone option, people familiar with the matter said. Guggenheim Digital Media and KKR have partnered for the bid.

Yahoo Reportedly Likely To Drop Out From Hulu Bidding Race

Yahoo! Inc. (NasdaqGS:YHOO) is likely to walk out from the bidding race to buy a stake Hulu, LLC. Variety reported on June 27, 2013 citing sources that Yahoo’s bid of up to $800 million is considered low and its interest in Hulu has decreased in recent weeks. Hulu has extended the deadline for the second-round bids until next week, so that DIRECTV (NasdaqGS:DTV) has more time to arrange financing for its acquisition bid, the New York Post reported on June 28, 2013. Guggenheim Digital Media and team of The Chernin Group, LLC and AT&T, Inc. (NYSE:T) are still in race to acquire Hulu. The Post reported that Time Warner Cable Inc. (NYSE:TWC) had placed an offer to acquire only a portion of Hulu and according to sources, Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is expected to drop out of the bidding race.

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