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Investments

83

Portfolio Exits

13

Funds

1

Partners & Customers

2

Service Providers

2

About The Chernin Group

The Chernin Group (TCG) is a media and investment company that has built, managed, operated and invested in businesses in the media, entertainment, and technology sectors.

The Chernin Group Headquarter Location

12180 Millennium Drive Suite 500

Playa Vista, California, 90094,

United States

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Latest The Chernin Group News

Web3 startup Medallion, led by former Songkick CEO Matt Jones, raises over $9m in seed funding round

May 17, 2022

Music Business Worldwide May 17, 2022 Photo credit: Giorgio Trovato Web3 company Medallion, headed up by Matt Jones, the former CEO of Warner-owned concert discovery service Songkick, has raised over $9 million in a seed funding round. Led by The Chernin Group, Medallion’s seed round attracted participation from additional investors from across the worlds of tech, crypto, and music. In addition to The Chernin Group, Medallion’s investors include Alive VC, Betaworks, Blue Mind Capital, Coil, Copper, Flamingo DAO, Infinite Capital, Noise DAO, POAP Ventures, Polygon Ventures, Shima Capital, Spacestation, Synergis Capital, The Chernin Group, Third Prime and Wave Financial. From the music business, Medallion’s seed round saw support  from Another Planet Entertainment, Dan Berkowitz, iLLENIUM, Mick Management, Mike Shinoda, Red Light Ventures, Ryan McMahon, Ryan Rabin, Tycho, and tvg hospitality. Medallion says that its core team bring experience from companies such as Instagram , Uniswap, Hearst, Songkick, Warner Music Group , and more. The startup adds that the seed funding will be invested in early product development and Medallion’s engineering and product teams. By summer 2022, Medallion says that it expects to launch the product with a first slate of established artists. Medallion is described as a white-labeled consumer-facing product that is “built for and operated by artists”. In a media statement announcing the funding round, the startup explains that “fans can join communities that look and feel native to an artist’s world, through a frictionless web3 onboarding that requires no technical set-up or payments”. Adds the statement: “As community members, fans can gain access to behind-the-scenes content, special events, and limited-edition products. Members can also participate in the creative process around music and art, and own a part of the outputs to get closer to the art they love.” Angels investors in the round included, Ben Chan, Ben Chereskin, Cooper Turley, Darren Lachtman, Geoff Renaud, James Ferrell, Joe Buttram, Kevin Alvarez-Fung, Matt Luckett, Max Power, Maximillian Jungreis, Namit Merchant, Rob Fishman, Ryan Bubinski. “Web3 is rewriting the rules for how artists and fans connect. Direct relationships can be formed immutably on the blockchain and used as access points to make fan experiences more fulfilling.” Matt Jones, Me Matt Jones, CEO said: “Web3 is rewriting the rules for how artists and fans connect. Direct relationships can be formed immutably on the blockchain and used as access points to make fan experiences more fulfilling. “The opportunity in web3 is about building long-lasting connections, not short-term financial gains.” “The biggest players will be those that understand web3 is a relationships business.” Jarrod Dicker, The Chernin Group Jarrod Dicker, Partner at The Chernin Group added: “The biggest players will be those that understand web3 is a relationships business. “There’s no greater opportunity in music than transforming the artist and fan relationship with a depth of passion and ownership that is unimaginable in the existing digital environment. “This team has a strong history of building pioneering technology for the world’s biggest artists, and is well positioned to take web3 to the masses.”Music Business Worldwide

The Chernin Group Investments

83 Investments

The Chernin Group has made 83 investments. Their latest investment was in Medallion as part of their Seed VC on May 5, 2022.

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The Chernin Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/18/2022

Seed VC

Medallion

$9M

Yes

1

5/11/2022

Seed VC - II

Branch

$12.5M

Yes

1

5/9/2022

PIPE

Funko

$263M

Yes

2

2/16/2022

Series B

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$99M

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10

2/16/2022

Series D - II

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$99M

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10

Date

5/18/2022

5/11/2022

5/9/2022

2/16/2022

2/16/2022

Round

Seed VC

Seed VC - II

PIPE

Series B

Series D - II

Company

Medallion

Branch

Funko

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Amount

$9M

$12.5M

$263M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

The Chernin Group Portfolio Exits

13 Portfolio Exits

The Chernin Group has 13 portfolio exits. Their latest portfolio exit was Dadi on March 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/1/2022

Acquired

2

1/6/2022

Acquired

$99M

28

7/27/2021

Acq - Fin

3

7/1/2021

Acquired

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10

6/7/2021

Reverse Merger

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$99M

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10

Date

3/1/2022

1/6/2022

7/27/2021

7/1/2021

6/7/2021

Exit

Acquired

Acquired

Acq - Fin

Acquired

Reverse Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

28

3

10

10

The Chernin Group Acquisitions

9 Acquisitions

The Chernin Group acquired 9 companies. Their latest acquisition was SketchyMedical on September 24, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/24/2020

$99M

Acq - Fin

10

9/29/2019

Series B

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$99M

$99M

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10

10/3/2017

Other

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$99M

$99M

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10

10/3/2017

Seed / Angel

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$99M

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10

10/3/2017

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$99M

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10

Date

9/24/2020

9/29/2019

10/3/2017

10/3/2017

10/3/2017

Investment Stage

Series B

Other

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

10

10

10

10

10

The Chernin Group Fund History

1 Fund History

The Chernin Group has 1 fund, including TCG Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/7/2019

TCG Fund I

$700M

1

Closing Date

11/7/2019

Fund

TCG Fund I

Fund Type

Status

Amount

$700M

Sources

1

The Chernin Group Partners & Customers

2 Partners and customers

The Chernin Group has 2 strategic partners and customers. The Chernin Group recently partnered with Spotify on September 9, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

9/24/2020

Partner

Sweden

Spotify Technology S A : and Chernin Entertainment Announce Multiyear First Look Partnership

The partnership will build on the foundation of Spotify podcast adaptations to date including Homecomingfor Amazon 's Prime Video and continue with a reimagining of TheTwo Princesfor HBO Max and The Horror of Dolores Roachfor Prime Video .

2

4/22/2014

Partner

United States

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10

Date

9/24/2020

4/22/2014

Type

Partner

Partner

Business Partner

Country

Sweden

United States

News Snippet

Spotify Technology S A : and Chernin Entertainment Announce Multiyear First Look Partnership

The partnership will build on the foundation of Spotify podcast adaptations to date including Homecomingfor Amazon 's Prime Video and continue with a reimagining of TheTwo Princesfor HBO Max and The Horror of Dolores Roachfor Prime Video .

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Sources

2

10

The Chernin Group Service Providers

2 Service Providers

The Chernin Group has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Private Equity

Counsel

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Service Provider

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Associated Rounds

Private Equity

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Provider Type

Counsel

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Service Type

Partnership data by VentureSource

The Chernin Group Team

9 Team Members

The Chernin Group has 9 team members, including current Chief Executive Officer, Peter Chernin.

Name

Work History

Title

Status

Jesse Jacobs

Founder

Current

Mike Kerns

Yahoo!, and Angel Investors LP

Founder

Current

Peter Chernin

Chief Executive Officer

Current

Diego Razo

Chief Executive Officer

Current

Lauren Goldberg

Chief Operating Officer

Current

Name

Jesse Jacobs

Mike Kerns

Peter Chernin

Diego Razo

Lauren Goldberg

Work History

Yahoo!, and Angel Investors LP

Title

Founder

Founder

Chief Executive Officer

Chief Executive Officer

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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