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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The FCC adopted a NPRM seeking comment on how to maximize efficient use of the 500MHz of mid-band spectrum available in the 12.2-12.7GHz band. The hope of the proceeding is to further a conversation as to

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