The Chernin Group (TCG) has hired veteran digital executive and entrepreneur Mike Kerns as president of digital.
Kern will work closely with TCG CEO and chairman Peter Chernin and TCG president Jesse Jacobs to acquire and develop digital media and consumer internet companies. He will also join them on the board of Otter Media, the company’s co-venture with AT&T, formed to acquire, invest in and launch global over-the-top (OTT) video services.
Otter Meddia has made its mark on the streaming space with its purchases of the multi-platform media company Fullscreen and Crunchyroll, an SVOD service specializing in Japanese programming. But there have been signs of turmoil at the company recently. Last month, Otter’s CEO Virasb Vahidi abruptly departed his post. In a letter to employees, Vahidi said that it had “become clear” that the “role of the CEO” is different than what he and Otter’s backers had originally envisioned, according to Recode, which first reported the news.
Kerns comes to TCG from Yahoo, where he most recently served as SVP of product, homepage and verticals. Prior to Yahoo, he co-founded and served as the CEO of Citizen Sports, a maker of social and sports-related apps, which was acquired by Yahoo in 2010.
At TCG, Kerns will also spearhead the expansion of the company’s presence in Northern California, with plans to open a local office in San Francisco.
TCG also owns CA Media, which includes media and digital content businesses in Indonesia and India, and has a portfolio of investments in digital media companies, including Pandora, SoundCloud, Flipboard, Medium, Scopely and DopplerLabs.
On the traditional film and TV side, TCG has Chernin Entertainment, which has produced such series as “New Girl” and “Terra Nova” and the recent big screen “Planet of the Apes” franchise reboot.