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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SVOD Slowdown?

Deloitte Global predicts that in 2022, at least 150 million paid subscriptions to SVOD services will be canceled worldwide, with churn rates of up to 30% per market. The churn is a sign of a maturing market

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