Fullscreen Closes Series A Round from Chernin Group, Comcast, and WPP

/ Jun 17, 2013

fullscreen

Fullscreen has closed a Series A funding round led by The Chernin Group, with additional contributions from Comcast Ventures and WPP Digital. While the announcement didn’t disclose the amount that was raised in the Series A round, a report from AllThingsD in April pegged it at $30 million. When reached for comment, a Fullscreen spokesperson declined to confirm the exact amount.

Fullscreen plans to use the new funds to continue developing its SaaS technology, which allows brands, media companies, and content creators to build audiences for videos and channels on YouTube. The company also has his eyes on developing more original content and expanding its presence worldwide. “This influx of capital will help us accelerate our goal of building a global media company, funding new content initiatives, continuing to invest into new technologies, and furthering our rapid expansion into international markets,” said Fullscreen CEO George Strompolos.

It’s interesting to see who the major contributors are in the Series A round. The Chernin Group, an early-stage investor in Fullscreen, has been in the news quite a lot recently as it is one of a growing number of suitors for Hulu. Comcast Ventures is part of the Comcast/NBCUniversal media behemoth, and has employed Fullscreen in the past to grow NBC Entertainment’s presence on YouTube.

“NBC Entertainment was the first network to use Fullscreen to manage and optimize their presence on YouTube and that successful implementation gave us confidence in their platform, company, and team,” said Sam Landman, principal at Comcast Ventures.

Then there’s WPP Digital, the digital investment arm of holding company WPP. Describing why his company chose to invest in Fullscreen, Mark Read, CEO of WPP Digital, said: “Fullscreen’s model offers unique solutions for both brands and talent, and incredible opportunities for collaboration on both sides. Our partnership with Fullscreen will give our agencies and clients new expertise, insights, technology, and access to help connect with consumers on the world’s largest video platform.”

To us, this is another example of a marriage between old media and new media. Companies like The Chernin Group, Comcast/NBCUniversal, and WPP want access to the YouTube audience that Fullscreen provides. And the MCN does have access: Its network encompasses more than 10,000 channels, 150 million subscribers, and 2.5 billion monthly views. Not to mention a technology platform that not only allows clients to not only tap into this network to get their message out, but to also get that message to the right audiences.

For Fullscreen, it now has the money it needs to expand beyond its core products and services to become a full-fledged global media company, which means creating, developing, and owning more original content, which means more money.

 




MrWoofless Robert Latsky

Minecraft Gaming Star MrWoofless Joins Blackshore Multi-Channel...

 
The Young Turks TYT's Ana Kasparian and John Iadarola

The Young Turks’ Limited-Run Fusion Cable Show Announces...

 
YouTube Space LA Oval Office Set

YouTube Spaces Get Presidential with Creators on Election-Themed Sets

 
Twitter Amplify

How Twitter is Opening Up Video Monetization for Creators with...

 
Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!
 
Legends of Gaming Season 2 Endemol Shine Beyond

Mashable Grabs Exclusive Distribution for 5 Series from Beyond

 
yupptv

YuppTV Partners with Indian Humor Video Aggregator Comedy Munch

 
Yvonne-Strahovski-Chuck-promo-season-2-14

Hulu Adds Yvonne Strahovski (‘Dexter’) to...

 
Alison Brie Community

Allison Brie (‘Community’) to Wrestle for Netflix in...

 
Michael Phelps Facebook Live Rio Olympics

Michael Phelps Tops Facebook Live as It Pulls in 139 Million...

 
Stand Up to Cancer with YouTube Endemol Shine Group

Brits Stand Up To Cancer with Live-Streamed YouTube Campaign

 
How They Made Fight of the Living Dead Experiment 88

How They Made YouTube Red’s ‘Fight of the Living...

 
More people in the US use Smart TVs than last year

Cord-Stackers Get Most Satisfaction from SVOD Experience

 
BizWireTV Launches on Apple TV, iPhone and Android Devices

BizWireTV Streaming News Show Comes to Mobile

 
Now We're Talking LeBron James Uninterrupted Go90

First Look at Trailer for Go90 series ‘Now We’re...

 
American Gods Amazon Starz

Amazon Captures ‘American Gods’ for Prime Video in ...

 
Digital Domain World Surf League Tahiti

Digital Domain Goes 360 with World Surf League in Tahiti

 
Streamy Awards

Epic Rap Battles and ‘Oscar’s Hotel’ Top...

 
Dose

Dose Hires BuzzFeed and Elite Daily Execs to Build Out Video and...

 
Wong Fu Productions Single by 30 YouTube Red New Form Digital

How Wong Fu Productions Upped Their Game with YouTube...

 
DigitalCabana_Ep4Still

Streaming Businesses Are A Dime A Dozen, Will They Work?

 
DigitalCabana_Ep4Still

Why is Facebook Catching Push-Back from Premium Publishers?

 
SekineRisa_VideoInk_300x250

International MCN’s Are Still Standing —...

 
JW Player

JW Player’s New “JW Showcase” Further Enables...

 
YuYu_VideoInk_300x250

Digital Media Rights Announces Another Streaming Service — YuYu

 
netflix mobile

Majority of Netflix Subscribers to be Outside of U.S. by 2018

 
ComcastWatchable_Exclusives_VideoInk_300x250

Comcast’s Watchable Grabs Exclusive Titles from Cut, Buzzfeed

 
Rupert Grint Wild Target

Rupert Grint to Star in Crackle’s Series Adaptation of...

 
Vaughan Emsley Tongal

Why Vaughan Emsley Left an Old School Ad Giant for...

 
NextVR and FOX Sports to Broadcast Bundesliga Opening Match Live

NextVR Live Streaming Bundesliga German Soccer League Kick-off...

 
Netflix acquires three new indie flicks

Netflix Returning to Canada with ‘Anne of the Green...

 
AOL Alpha VR Virtual Reality

Does the Future of Virtual Reality Sit at Home and Wear a Headset?

 
Udi Jacobi_VideoInk_300x250

Ad Blocking: How Big is the Problem and What Can Publishers Do...

 
Damon Dash Dame Dash Studios Dame Dash TV

Hip Hop Entrepreneur Damon Dash Launches Dame Dash TV OTT Channel

 
Jake Paul

Vine Star Jake Paul to Headline DigiTour’s ‘Team 10...

 
Dr. Havoc's Diary Fullscreen

EXCLUSIVE CLIP: Fullscreen’s “Dr. Havoc’s...

 
Between_Jennette_McCurdy Netflix

Jennette McCurdy Pacts with Canvas Media Studios for Series...

 
John Zhang Indigenous Media

Indigenous Media Hires DanceOn’s John Zhang as EVP of Marketing

 
Jamie Curry WME

WME Signs Kiwi YouTube star Jamie Curry of Jamie’s World

 
Elizabeth Grier Nash and Hayes Awestruck

Nash & Hayes Grier’s Mom Joins Awestruck Network

 
Billy Crudup Stanford Prison Experiment

Billy Crudup joins Naomi Watts in Cast of Netflix’s...