Wednesday, November 14, 2012

Base79 Gets Funding From The Chernin Group

Los Angeles investment firm The Chernin Group, the media holding and investment group founded by Peter Chernin, has made an investment in European online video company Base79. According to Base79, the strategic equity investment included both The Chernin Group and MMC Ventures, an existing investor. Base79 helps video rights holders and producers distribute their brands and content through YouTube and other platforms. The companys says it generates more than 500 million views per month acros 550 different channels on YouTube. Size of the investment round was not announced. More information »