AT&T reportedly looking to sell stake in pay TV operation

US telco AT&T is looking to sell a minority stake in its pay TV operations, spanning DirecTV, AT&T Now and U-Verse, according to a report by CNBC. According to the report, Apollo Management and other private-equity outfits are set to submit final bids for a stake in the pay TV unit in December, with a […]

AT&T and Sony enter final negotiations over US$957 million Crunchyroll sale

AT&T is reportedly in final negotiations with Sony over a US$957 million sale of anime streamer Crunchyroll. The streamer is several layers down the AT&T totem poll, owned and operated by WarnerMedia subsidiary Otter Media. The service surpassed 3 million paying users earlier this year, and has over 70 million members worldwide. The streamer was […]

AT&T happy with HBO Max, says CEO John Stankey

WarnerMedia parent company AT&T is pleased with the performance of recently launched premium streaming service HBO Max. The US$14.99 per month streamer, which launched in May and had four million subscribers within a few weeks at the end of Q2 (split between new sign-ups and people who subscribe to the linear HBO channel through select […]

AT&T wants to sell off its ad business to reduce its US$150 billion debts

AT&T’s Xandr ad unit is reportedly next on the chopping block for the US telco as it attempts to plug the US$151 billion hole on its balance sheet.  According to sources cited by Reuters, the indebted AT&T is looking to wheel back many of its aspirations to transform from a wireless carrier to a full […]

Crunchyroll launches new tiers with Sony sale still in the crosshairs for parent company AT&T

WarnerMedia-owned anime streaming service Crunchyroll has announced a number of new pricing tiers, with the most welcome addition being an updated premium tier which adds offline viewing. The streamer, which recently passed three million paying subscribers and has over 70 million registered users, has added two new tiers in addition to the pre-existing free and […]

AT&T offloads DirecTV Venezuela to Chilean firm

A Chilean investment firm has reached an agreement with AT&T to buy DirecTV’s Venezuelan business. Scale Capital SA, whose managing partner Oliver Flogel is Telefonica Chile’s former CEO, announced the move and restored the operator’s signal on Friday, following the decision of debt-encumbered AT&T to shut down operations in May. Operating within the existing DirecTV […]

AT&T offers Crunchyroll to Sony for US$1.5 billion

AT&T is reportedly in talks to sell anime streamer Crunchyroll to Sony.  According to a report from The Information, AT&T is looking to lower its US$151 billion debts and has offered the service to Sony for US$1.5 billion – though it is understood that the Japanese company is looking for this to be significantly lowered. […]

WarnerMedia cuts 600 jobs with distribution chief Jeffrey Schlesinger exiting

WarnerMedia’s wholesale restructuring has continued with the departure of Warner Bros. distribution chief Jeffrey Schlesinger and Ron Sanders, the company’s EVP of international business operations. The duo join Warner Bros. Entertainment’s CFO Kim Williams in departing the AT&T-owned firm, with US reports suggesting that around 600 staff across divisions are to be laid off. The […]

‘Friends’ tops HBO Max viewing, says WarnerMedia

Iconic sitcom Friends is the most-watched title on WarnerMedia’s recently launched streaming service HBO Max, the company has said. The show, which was seized back by Warner after becoming a mainstay on Netflix, was the number one performing title on the platform, followed by the Anna Kendrick-starring original Love Life. (Kendrick actually has the unusual […]

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