Pickles Spill
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Source: http://www.marketwatch.com/story/fullscreen-to-acquire-rooster-teeth-2014-11-10
Important bits:
Background about what Fullscreen is:
Important bits:
Background about what Fullscreen is:
Now the details:Fullscreen is a global youth media company that develops online creators and programs multi-platform entertainment experiences. 450 million subscribers generate more than 4 billion video views across Fullscreens global network each month. Headquartered in Los Angeles, the company was founded in January 2011 by CEO George Strompolos, a co-creator of the original YouTube Partner Program. Fullscreens network includes more than 55,000 creators, featuring the Fine Bros., O2L (Our 2nd Life), Andrea Russett, Lohanthony, Devin Supertramp and Jack and Jack. Visit Fullscreen.com for more information.
LOS ANGELES & AUSTIN, Texas, Nov 10, 2014 (BUSINESS WIRE) -- Fullscreen, a global youth media company that develops online creators and programs multi-platform entertainment experiences, has agreed to acquire Rooster Teeth, a pioneering online creative studio and leading digital content brand.
With this acquisition, Fullscreen will accelerate its expansion with Rooster Teeths large audience and content production capabilities, both live and animated. As part of the agreement, Fullscreen will support the production of Rooster Teeths existing hit series and the development of new premium formats. With Rooster Teeth, Fullscreen will enhance its merchandise and live events initiatives, and integrate the innovative gaming and culture brand into its technology and advertising infrastructure. Otter Media, a venture between The Chernin Group and AT&T, recently acquired a majority stake in Fullscreen.
Rooster Teeth is one of the strongest and most authentic media brands in the world amongst 18-34 year old, male-skewing audiences, said George Strompolos, Fullscreen CEO and founder. The combination of its massive reach, unique creative voice and insanely powerful community makes it a perfect match for Fullscreen. Burnie and Matt are widely recognized as true pioneers in the world of online video. Its an honor to team up with them as Fullscreen continues to redefine youth media.
While definitely unexpected, I'm not sure how crazy of an impact this'll have on the company itself. I mean, Rooster Teeth has been growing pretty rapidly over the past 5 (or more?) years, and this seems like a logical step to stabilize the business. It's been a while since Rooster Teeth was a really "out of your garage" style company.At Rooster Teeth, we have a long history of creating the best digital content in the industry, said Burnie Burns, Rooster Teeth creative director. With Fullscreen, we look forward to continuing that tradition in even bigger and better ways. Matt and I are excited about the opportunities this alliance will present for our creators and all the amazing content it will empower them to produce for our audience.
Rooster Teeth will continue operating as a subsidiary in Austin, with Hullum remaining as CEO and Burns as creative director.