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AT&T and Chernin joint-venture is reportedly buying Fullscreen

Otter Media, the adorably named joint venture between AT&T (S ATT) and the Chernin Group, is about to buy a majority stake in Fullscreen, according to a Recode report. The deal would value Fullscreen between $200 and $300 million, according to Recode. Fullscreen is a one of a number of so-called multichannel networks on YouTube,¬†and clocks more than 3.5 billion views every month across its channels. The company’s YouTube talent includes Grace Helbig, Shane Dawson, the Fine Brothers and Michael Buckley.