Communications services group WPP has participated in the completed series A funding for US-based online video company Fullscreen. The funding, undisclosed but reported to be worth $30m, was led by Comcast Ventures, aComcast’s venture capital arm, and included media and technology investor Chernin Group, led by former News Corporation executive Peter Chernin and backed by investors including Providence Equity Partners and Qatar Holding.
George Strompolos, chief executive officer (CEO) and founder of Fullscreen, said: “This influx of capital will help us accelerate our goal of building a global media company, funding new content initiatives, continuing to invest into new technologies and furthering our rapid expansion into international markets.”
Mark Read, CEO of WPP Digital. “Our partnership with Fullscreen will give our agencies and clients new expertise, insights, technology and access to help connect with consumers on the world’s largest video platform.”
Jesse Jacobs, president of The Chernin Group, said: “We…
