mark_j
It's a mad mad world
- Joined
- Mar 27, 2008
- Posts
- 5,715
The deal, valued at just over $85 billion, brings together two companies that already cast big shadows. AT&T is the country’s second-largest cell-phone service provider, and with DirecTV it's the number one pay TV company in the United States. A streaming DirecTV service, called DirecTV Now, is slated to launch by the end of the year.
Time Warner—which split from the Time Warner Cable in 2009—is home to HBO, Warner Bros. film studios, CNN, TBS, and TNT. It also owns DC Entertainment, where both Batman and Superman hang their capes, and it has a 10 percent stake in the Hulu streaming subscription service. It offers HBO Now, a monthly paid streaming service that doesn’t require you to be a pay-TV subscriber.
Article here.
Guess we'll get to see if AT&T can do better with this deal than Time Warner did with the AOL merger..