AT&T agrees US$1.175 billion Crunchyroll sale to Sony

Sony has agreed to buy AT&T-owned Anime streaming service Crunchyroll in a deal worth US$1.175 billion. Announced on Wednesday by AT&T, the service – which has three million paying subscribers – will be incorporated into Sony’s own anime streamer Funimation. The acquisition also includes streaming rights to more than 1,000 anime titles. The sale was […]

WarnerMedia’s European restructuring continues with changes in France, Benelux & Germany

WarnerMedia’s restructuring in Europe has continued with a merged executive team for its operations in France, the Benelux and Germany under the recently appointed Iris Knobloch. The changes are designed to combine the US studio’s myriad operations in the region into a central unit, bringing together WarnerMedia’s legacy Turner and HBO businesses, as well as […]

AT&T CEO defends Warner Bros streaming move with HBO Max at 12.6 million subs

WarnerMedia’s big-budget SVOD HBO Max is at 12.6 million activated subscribers, AT&T CEO John Stankey has said. Speaking at the UBS Global TMT Virtual Conference, Stankey confirmed that it has added four million users to the streamer since AT&T reported its Q3 figures at the end of October. The company will reveal its year-end figures […]

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 […]