Chernin Entertainment was founded by Peter Chernin after he stepped down as president of Fox's then-parent company News Corp. in 2009. The firm's first film was Rise of the Planet of the Apes in 2011. Chernin Entertainment's five-year first-look deal for the film and television was signed with 20th Century Fox and 20th Century Fox Television in 2009.
In March 2011, after leaving Maguire Entertainment, Jenno Topping joined the company as executive Vice President (EVP) of film division, and then in February 2013 she was promoted to President of films, vacated by Dylan Clark. David Ready was hired as Senior VP to report to Topping. In June 2015, the company's TV division's president Katherine Pope left the company, while Topping was promoted to President of Film and Television. In August 2015, Dante Di Loreto was hired and appointed as President of Television at the company, reporting to Topping. Kristen Campo joined the company in 2016 to run television after Di Loreto's departure.
In November 2014, the company signed an extension of the first-look deal with 20th Century Fox for film at a less lucrative terms. With only one hit TV show, New Girl, the TV pact was being shopped around. In June 2015, Chernin signed its television production deal for two years with NBCUniversal, in which Chernin would develop and produce projects for NBC though Universal Television. That deal was followed with one with Endeavor Content for a scripted drama pact in 2017.

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