
Investments
83Portfolio Exits
13Funds
1Partners & Customers
2Service Providers
2About 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
The Chernin Group Web Traffic
The Chernin Group Rank
Latest The Chernin Group News
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.
The Chernin Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/18/2022 | Seed VC | Medallion | $9M | Yes | Betaworks Ventures, Mike Shinoda, POAP, Polygon Ventures, Red Light Management, and Undisclosed Investors | 1 |
5/11/2022 | Seed VC - II | Branch | $12.5M | Yes | Coinbase Ventures, Dragonfly Capital, Mechanism Capital, Polychain Capital, Ryan Wyatt, Three Arrows Capital, and Undisclosed Investors | 1 |
5/9/2022 | PIPE | Funko | $263M | Yes | Rich Paul, and Robert Iger | 2 |
2/16/2022 | Series B | |||||
2/16/2022 | Series D - II |
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 | ||
Amount | $9M | $12.5M | $263M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Betaworks Ventures, Mike Shinoda, POAP, Polygon Ventures, Red Light Management, and Undisclosed Investors | Coinbase Ventures, Dragonfly Capital, Mechanism Capital, Polychain Capital, Ryan Wyatt, Three Arrows Capital, and Undisclosed Investors | Rich Paul, and Robert Iger | ||
Sources | 1 | 1 | 2 |
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 | 28 | |||
7/27/2021 | Acq - Fin | 3 | |||
Date | 3/1/2022 | 1/6/2022 | 7/27/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 28 | 3 |
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 | Acq - Fin | 10 | ||||
9/29/2019 | Series B | |||||
10/3/2017 | Other | |||||
10/3/2017 | Seed / Angel | |||||
10/3/2017 |
Date | 9/24/2020 | 9/29/2019 | 10/3/2017 | 10/3/2017 | 10/3/2017 |
---|---|---|---|---|---|
Investment Stage | Series B | Other | Seed / Angel | ||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | ||||
Sources | 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 |
Date | 9/24/2020 | 4/22/2014 |
---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | Sweden | |
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 . | |
Sources | 2 |
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 | ||
Service Provider | ||
---|---|---|
Associated Rounds | Private Equity | |
Provider Type | Counsel | |
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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