DirecTV Stream to launch next week

AT&T TV and AT&T TV Now will be rebranded and repackaged as DirecTV Stream from August 26. This is the first major change for the brand since AT&T completed the spin-off of DirecTV as a standalone business with investment firm TPG earlier this month. The company said that the newly branded DirecTV Stream “will become […]

Sony’s Funimation closes Crunchyroll acquisition

Sony’s Funimation group has completed its $1.175bn acquisition of AT&T’s global anime streaming service Crunchyroll, bringing the two competing services under the same roof. The agreement was first announced in December 2020 and had been awaiting regulatory approval. The deal includes streaming rights to more than 1,000 anime titles and while the two companies will remain separate […]

DirecTV becomes standalone business as AT&T closes deal with TPG Capital

AT&T has closed a deal with private equity firm TPG Capital to spin its struggling pay TV business DirecTV into a standalone new company. The new company, simply called DirecTV, will house and operate the DirecTV, AT&T TV and U-verse video services. Across the three, DirecTV will start life with approximately 15.4 million video subscribers. […]

Latin America to drive HBO Max growth for AT&T as European delay likely

WarnerMedia has announced the likely delayed rollout of its premium streaming service HBO Max to Europe. Announcing its Q2 results, AT&T announced that HBO Max and its linear counterpart now have a total of 67.5 million subscribers worldwide, with 47 million of that total residing in the US. With the vast majority of those additions […]

AT&T to sell off Latin American Vrio pay TV unit

AT&T has reached a deal to sell off its Latin American DirecTV business unit. The company announced on Wednesday that it has agreed to sell Vrio Corp to the Argentinian investment group Grupo Werthein. The announcement comes after AT&T took a US$4.6 billion impairment charge in Q2 2021 as it had classified Vrio as ‘held-for-sale’. […]

Losses slow in premium video for AT&T

AT&T has managed to stop some of the rot in its premium video business. In a regulatory filing, the US operator said that it had lost fewer subscribers in the segment which houses beleaguered satellite TV business DirecTV. While still recording 473,000 subscriber losses, this is almost half the total of 887,000 who moved away […]

AT&T-Discovery merger gets name Warner Bros. Discovery

The new company merging AT&T-owned WarnerMedia and Discovery has a name: Warner Bros. Discovery. Announced last month, Warner Bros. Discovery is proposed as a new  ‘pure play’ content company that will own one of the deepest libraries in the world with nearly 200,000 hours of programming. It will also house both HBO Max and discovery+ […]

WarnerMedia’s Jason Kilar to remain with company until close of merger

WarnerMedia CEO Jason Kilar has put an end to speculation about his future at the US-based entertainment giant, telling employees at a town hall this week that he will remain with the company at least until the early part of 2022. His announcement came following reports that he was negotiating his way out of the company after […]

AT&T boss talks Discovery-Warner deal, commits to refocus on US telecoms

It is “time to unleash’ WarnerMedia’s assets, AT&T’s CEO John Stankey has said. Speaking at the JP Morgan Global Technology, Media and Communications Conference, Stankey said that AT&T’s focus on its connectivity business in the US led the telco to decide that it didn’t have the global reach to grow an international streaming business. This […]

HBO Max with ads to launch in June at US$9.99 per month

WarnerMedia has announced that a cheaper ad-supported tier of HBO Max will launch in June at US$9.99 per month. Confirming previous reports from last month, WarnerMedia announced the move at its 2021 Upfront.  The company said that HBO original shows – such as iconic hits like Game of Thrones and current standout series such as Mare […]

1 2 3 15