AT&T acquires control of digital media JV Otter Media

AT&T has acquired control of Otter Media, its joint venture with the Chernin Group focused on digital video. Financial details were not disclosed.AT&T is taking full ownership of Otter Media subsidiaries Ellation, an online subscription video service provider, with offerings under the Crunchyroll and VRV brands, as well as a full-service digital media company, Fullscreen, and its Rooster Teeth brand. Otter also has ownership stakes in global content studio Gunpowder & Sky, as well as Hello Sunshine, a media company founded by Reese Witherspoon.Otter Media will become part of AT&T’s WarnerMedia unit – which the company formed after successfully completing its $85 billion acquisition of Time Warner. Tony Goncalves, who was appointed Otter Media CEO earlier this year, will continue to run the company.