Has Fullscreen Finally Found A Buyer?

It seems those crazy kids at Fullscreen may finally be ready to settle down as they’ve met the media conglomerate of their dreams. According to ReCode, the lucky suitor is Otter Media, which is apparently deep in talks to purchase a majority stake in the company. A sizeable price tag is expected for Fullscreen, which is currently the largest independent multi-channel network operating in the United States. Exact amounts aren’t yet public, but the deal is expected to be worth between $200–300 million.

It seems those crazy kids at Fullscreen may finally be ready to settle down as they’ve met the media conglomerate of their dreams. According to ReCode, the lucky suitor is Otter Media, which is apparently deep in talks to purchase a majority stake in the company. A sizeable price tag is expected for Fullscreen, which is currently the largest independent multi-channel network operating in the United States. Exact amounts aren’t yet public, but the deal is expected to be worth between $200–300 million.

Otter Media is a digital media co-venture founded by telecom giant AT&T and multimedia firm The Chernin Group. Otter’s sole purpose is to develop innovative online video and digital media properties. Fullscreen’s toolbox and considerable roster of talent, both onscreen and offscreen, would certainly be an asset. Adding fuel to the rumors, Otter Media has been on a buying spree recently, sinking $10 million of its start-up cash into crafting video site Creativebug last week.

Fullscreen has been the subject of acquisition rumors for months, especially since Disney snapped up rival Maker Studios for $500 million in cash. That deal made Fullscreen virtually the last man standing in the once-crowded field of large scale YouTube MCNs. Despite rumored offers from Comcast, Relativity Media, and others, Fullscreen’s leadership was said to be holding out for “Maker money.” The MCN reports around 3.5 billion monthly views to Maker Studio’s 5.5 billion, but is also home to some of YouTube’s most valuable crossover stars like Our Second Life and recently signed Grace Helbig. These assets make the $300 million valuation seem fairly credible relative to other recent new media deals.

It’s still unclear what the deal would look like our how acquisition would change Fullscreen’s day-to-day operations. Presumably an infusion of buyout cash could accelerate some of Fullscreen’s upcoming projects like a rumored pay-to-view site featuring some of the network’s biggest stars. Founder and CEO George Strompolos is expected to remain with the company in a leadership position and to retain “meaningful equity.”

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