Chernin & AT&T's joint video venture buys craft-oriented video service Creativebug

Otter Media, the recently rebranded video-focused joint venture between AT&T and Chernin Group, has acquired Demand Media’s Creative Bug, the companies announced today. Financial terms of the deal were not disclosed. Otter Media has access to about $500 million in funding between its two parent companies, which will be used to acquire, invest, and launch […]