Otter Media, co-owned by AT&T Inc. (NYSE: T) and the Chernin Group, acquired a majority stake in online video company Fullscreen Inc., the latest in a push by TV-industry players to offer programming over the Internet.

The deal values Fullscreen, one of the most popular YouTube networks, at $200 million to $300 million, said people familiar with the agreement, who asked not to be named because the price isn’t public. Terms weren’t disclosed in a statement announcing the transaction today.

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