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Ex-News Corp. COO Bets On Online Video
- PaidContent.org , Wednesday, November 14, 2012 3:03 PM
Peter Chernin, who left News Corp in 2009, has invested $10 million in Base 79, an agency which exploits video rights for content owners in online video channels including YouTube. There, it operates 550 channels, from which it claims 550 million monthly views. Release. The investment is fresh from a $100 million financing Qatar Holdings is putting in to The Chernin Group, according to AllThingsD, joining Providence Equity Partners and others. The group also has investments in Flipboard, Tumblr and Scopely.
