Anchorage Capital has led a $30m funding round for Chernin Group-backed online video content studio Brat, which has now raised more than $42m in total.
Brad, a US-based online video producer backed by over-the-top media company Chernin Group, has raised $30m in a round led by private equity firm Anchorage Capital, TechCrunch has reported.
Founded in early 2017, Brat produces scripted dramas starring teenagers for a teen demographic, for viewing on online streaming platforms such as YouTube.
Brat’s network of shows are built around a shared universe created by the company, with all of its vloggers attending the same fictional high school. It spends hundreds…
