Peter Chernin

Last updated
Peter Chernin
Chernin Peter.jpg
Chernin in 2007
Born (1951-05-29) May 29, 1951 (age 70) [1]
Education University of California, Berkeley
OccupationChairman and CEO, The Chernin Group
Spouse(s)
Megan Brody
(m. after 1980)
Children3

Peter Chernin (born May 29, 1951) is an American businessman and investor. He is the chairman and CEO of The Chernin Group (TCG), which he founded in 2010. [2] [3] [4] [5] TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: making investments in technology and media companies in the US, developing premium content for film and television, and capitalizing on strategic business opportunities in emerging markets.

Contents

Early life and education

Chernin was born in Harrison, New York, the son of Mary (née Townsend) and Herbert Chernin. [6] Chernin, whose father was Jewish, was raised Unitarian. [7]

He attended and graduated with a B.A. in English literature from the University of California, Berkeley. [6]

Career

Chernin joined Fox in 1989 from Lorimar Film Entertainment, where he served as president and chief operating officer. Earlier, he served as executive vice president of programming and marketing for Showtime/The Movie Channel. Prior to Showtime, Chernin was vice president of Development and Production at the David Gerber Company. He began his career in publishing, first as associate publicity director of St. Martin's Press and later as an editor for Warner Books.

News Corp.

Prior to starting TCG, Chernin served as president and chief operating officer of News Corporation and Chairman and CEO of the Fox Group from 1996 to 2009. [8] [9] As President and COO of one of the world's largest media companies, he oversaw diversified global operations spanning five continents, including the production and distribution of film and television programming; television, satellite and cable broadcasting and News Corp.'s aggressive expansion into the digital media and internet space. [9]

During his two decades with News Corporation, Chernin gained a reputation as an executive with a unique mastery of both the creative and corporate sides of the entertainment business. He headed both Twentieth Century Fox Filmed Entertainment and, earlier, the Fox Broadcasting Company. He has also had oversight of Fox's tremendous growth in sports, cable and general entertainment television programming and distribution in the U.S. and internationally. [10]

Under Chernin's leadership, Twentieth Century Fox Film Corporation produced the two top-grossing movies of all time, Titanic and Avatar ; [11] the Fox Broadcasting Company became the No. 1-ranked network among the key demographic of 18- to 49-year-olds; and Twentieth Century Fox Television, the network production arm of Fox, became the No. 1 supplier of programming to all television networks. [12]

News Corporation's cable network group experienced explosive growth during Chernin's tenure – going from zero to more than 400 million cable subscribers in less than 10 years. By the time Chernin left, Fox had one of the most powerful collections of cable assets in the world: Fox News Channel, FX, Fox Sports Net, Fox Movie Channel, National Geographic Television, SPEED and the Fox Reality Channel. [12] Prior to his 1996 appointment, Chernin served four years as chairman and chief executive officer of Fox Filmed Entertainment where he oversaw all aspects of the studio's worldwide feature-film production, marketing and distribution activities. From 1989 to 1992, Chernin was president of entertainment for the Fox Broadcasting Company, while programming grew from two to all seven nights of the week during that span. [12]

It was rumored in the media that Chernin was going to leave his position at News Corp. by June 2009, when his contract expired, and that he would be replaced in the position by media executive James Murdoch, youngest son of Rupert Murdoch. [13] On February 24, 2009, the Wall Street Journal reported that Peter Chernin made the decision to leave News Corporation after 20 years, to pursue independent entrepreneurial ventures. On June 4, 2009 Chase Carey was named Chernin's successor at his position. [14]

Chernin was approached in October 2010 by the Tribune Company to be either CEO or chairman of the board. [15] There was also media speculation about Chernin's having a role in Yahoo!'s future after Carol Bartz's abrupt departure in September 2011. [16] At the All Things Digital's AsiaD Conference [17] in Hong Kong on October 20, 2011, Chernin dismissed that he was interested in pursuing opportunities with the company. [18]

TCG

Since his departure from News Corp. in 2009, Chernin has been the chairman of his own company, The Chernin Group (TCG). TCG's current assets include Chernin Entertainment, an entertainment production company; a majority stake in CA Media, an Asia-based media investment company; and several strategic investments in U.S. based technology and media companies including Pandora, Fullscreen, Tumblr, Barstool Sports, and Flipboard. [19]

The company's first feature film Rise of the Planet of the Apes , was released in August 2011. [20] and has grossed more than $480 million at the worldwide box office. [21] [22] Chernin Entertainment produced Parental Guidance , a comedy starring Billy Crystal and Bette Midler, which was released in December 2012, [23] the sci-fi thriller from Joseph Kosinski, Oblivion , starring Tom Cruise, [24] and The Heat , starring Melissa McCarthy and Sandra Bullock. [25]

TCG launched CA Media in November 2010, [26] which aims to strategically build, manage, and operate media, entertainment, and technology businesses in Asia. In July 2011, CA Media invested in the Hong Kong-based mixed martial arts promoter Legend Fighting Championship. [27] In April 2012, CA Media acquired a 49 percent stake in Endemol India with the goal of making it the leading TV, film and digital content production company in India. [28] At the same time CA Media also invested in Only Much Louder, a music, live events and youth media company in India. [29] In April 2014, AT&T partnered with The Chernin Group to invest $500 million in online video services. [30]

In April 2012, Chernin sold a minority stake of TCG to strategic investment partners Providence Equity Partners, a leading private equity firm, and other private investors. [31] [32]

In April 2013, Chernin made a bid of around $500 million for Hulu, an online video streaming service. [33] TCG is listed as an investor in Tumblr, which WSJ.com reported on May 19, 2013 would be sold to Yahoo for US$1.1 Billion. On December 2, 2013, TCG announced that they had acquired the anime streaming site Crunchyroll in an effort to expand their online video assets. The acquisition was rumoured to priced at around $100 million. [34] On January 7, 2016 it was announced by David Portnoy in a video that Chernin Media was acquiring a majority stake in the popular website Barstool Sports and moving the headquarters to New York City.

In 2018, Chernin, Jesse Jacobs, and Michael Kerns of The Chernin Group formed TCG Capital Management, an investment advisory firm. TCG manages private equity investments in the media, entertainment, technology, sports and consumer sectors. [35]

Boards

Chernin sits on the Boards of American Express, serves as a Co-Chair of University of California, Berkeley's Board of Visitors, [36] and is a senior advisor to Providence Equity Partners. [37] He is also chairman and co-founder of Malaria No More [38] and a trustee of Malaria No More UK, non-profits dedicated to ending deaths due to malaria. He previously served on the boards of Twitter, [39] Pandora, [40] News Corp, DirecTV, [41] E-Trade, [42] and Friends of the Global Fight Against AIDS, Tuberculosis and Malaria.

Personal life

Chernin married Megan (née Brody) in 1980. [6] He is ethnically Jewish.[ citation needed ]

Politics

Chernin has donated over $100,000 to the Democratic Party, candidates & associated organizations, as well as hosting Barack Obama at his home for a fundraiser in 2013. [43] [44] He also supported Hillary Clinton in the run-up for the 2016 U.S. presidential election. [45]

Filmography

He was a producer in all films unless otherwise noted.

Film

YearFilmCo-Producer(s)DistributorBudgetGross
2011 Rise of the Planet of the Apes Dylan Clark, Rick Jaffa and Amanda Silver 20th Century Fox $93 million$481.8 million
2012 Parental Guidance Dylan Clark and Billy Crystal $25 million$119.8 million
2013 Oblivion Dylan Clark, Duncan Henderson, Joseph Kosinski and Barry Levine Universal Pictures $120 million$287.9 million
The Heat Jenno Topping 20th Century Fox$43 million$229.9 million
2014 Dawn of the Planet of the Apes Dylan Clark, Rick Jaffa and Amanda Silver$170 million$710.6 million
The Drop Dylan Clark and Mike Larocca Fox Searchlight Pictures $12.6 million$18.7 million
St. Vincent Jenno Topping, Fred Roos and Theodore Melfi The Weinstein Company $13 million$54.8 million
Exodus: Gods and Kings Jenno Topping, Ridley Scott, Michael Schaefer and Mark Huffam 20th Century Fox$140 million$268.2 million
2015 Spy Jenno Topping, Paul Feig and Jessie Henderson$65 million$235.7 million
2016 Mike and Dave Need Wedding Dates Jenno Topping and Jonathan Levine $33 million$77.1 million
Miss Peregrine's Home for Peculiar Children Jenno Topping$110 million$296.5 million
Hidden Figures Jenno Topping, Theodore Melfi, Donna Gigliotti and Pharrell Williams $25 million$236.2 million
2017 Snatched Jenno Topping, Paul Feig and Jessie Henderson$42 million$60.8 million
War for the Planet of the Apes Dylan Clark, Rick Jaffa and Amanda Silver$150 million$490.7 million
The Mountain Between Us Dylan Clark, Jenno Topping and David Ready$35 million$62.8 million
The Greatest Showman Jenno Topping and Laurence Mark $84 million$435 million
2018 Red Sparrow Jenno Topping, David Ready and Steven Zaillian $69 million$151.6 million
2019 Tolkien Jenno Topping, David Ready and Kris ThykierFox Searchlight Pictures$20 million$9 million
Ford v. Ferrari Jenno Topping and James Mangold 20th Century Fox$97.6 million$225.5 million
Spies in Disguise Jenno Topping and Michael J. Travers$100 million$171 million
2020 Underwater Jenno Topping and Tonia Davis$50 million$40 million
2021 Fear Street Part One: 1994 Jenno Topping and David Ready Netflix TBA
Fear Street Part Two: 1978
Fear Street Part Three: 1666
2022 Slumberland Jenno Topping, David Ready, Francis Lawrence and Cameron MacConomy
Thanks
YearFilmRole
2015 Lazer Team The producers wish to thank

Television

YearTitleCreditNotes
2010Seek and DestroyExecutive producerTelevision pilot
Pleading Guilty Executive producerTelevision pilot
2011 Allen Gregory Executive producer
Terra Nova Executive producer
OutnumberedExecutive producerTelevision special
MetroExecutive producerTelevision film
LovelivesExecutive producerTelevision pilot
2011−12 Breakout Kings Executive producer
2012Entry LevelExecutive producerTelevision pilot
2012−13 Ben and Kate Executive producer
Touch Executive producer
2013Two WrongsExecutive producerTelevision pilot
2014 Delirium Executive producerTelevision pilot
Hieroglyph Executive producer
2016Me & Mean MargaretExecutive producerTelevision pilot
2011−18 New Girl Executive producer
2019−present Truth Be Told Executive producer
See Executive producer
2020−present P-Valley Executive producer
2021 Bombay Begums Executive producer
Miscellaneous crew
YearTitleRoleNotes
1982 Cry for the Strangers Production executiveTelevision film
1982−83 Seven Brides for Seven Brothers Executive consultant
As an actor
YearTitleRole
2009 Family Guy Himself
Production manager
YearTitleRoleNotes
1981 Elvis and the Beauty Queen Production executiveTelevision film

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References

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