AT&T and Peter Chernin's The Chernin Group have formed a venture to acquire, invest and launch OTT video services, committing more than $500mln in funding. Further financial terms weren't disclosed. “Combining our expertise in network infrastructure, mobile, broadband and video with The Chernin Group's management and expertise in content, distribution, and monetization models in online video creates the opportunity for us to develop a compelling offering in the OTT space,” said AT&T chief strategy officer John Stankey. The Chernin Group will contribute its majority stake in SVOD service Crunchyroll (specializes in anime) to the venture.

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EchoStar Losses Mount in 2Q

EchoStar shed subscribers in every segment of its business during 2Q26, while its Hughes satellite broadband unit filed for Chapter 11 bankruptcy and management wrestled with the question of what the company intends to become.

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