The Chernin Group's Otter Media Parts Ways With CEO
Virasb Vahidi has left the the digital media joint venture between The Chernin Group and AT&T after less than one year on the job.
Otter Media — the joint venture of The Chernin Group and AT&T — has parted ways with its CEO.
Virasb Vahidi has left the company after nine months on the job, The Hollywood Reporter has confirmed.
Vahidi joined Otter in October last year after four years at American Airlines. He also previously served as senior vp corporate strategy and planning at AT&T. Otter tapped him to help shape the company's "customer-centered approach."
In a memo to employees, first published by Re/Code, Vahidi said that "it has become clear to [Chernin Group CEO Peter Chernin] and me that the role of the CEO is different than we had originally envisioned."
AT&T and TPG founded Otter Media last year with $500 million to invest in, acquire and grow digital media brands. At the same time that the company appointed Vahidi as CEO, it also brought on former YouTube executive Tom Pickett as CEO of its over-the-top subscription business, which includes Crunchyroll, Creativebug and KDrama.
Otter has also purchased a majority stake in YouTube network Fullscreen.