AT&T has indicated it will use its proposed $85.4 billion acquisition of Time Warner to build a digital video platform to take on Netflix.

Randall Stephenson, AT&T chief executive, said that owning content from HBO, Time Warner’s critically-acclaimed premium network, and Warner Bros, Hollywood’s largest studio, would allow AT&T to move more quickly as it builds a new video product to offset the decline of its satellite television business, DirecTV.

AT&T will next month launch DirecTV Now, the latest in a string of OTT services inspired by the success of Netflix and Amazon Prime Video.

Other posts by :

1. Italy joins Germany in IRIS2 alternate thoughts
2. Kazakhstan to create museum at Yuri Gagarin launch site
3. AST SpaceMobile gets $42 or $1500 price target
4. Analyst: GEO bloodbath taking place
5. SES AGM results: Appaloosa still objecting
6. SpaceX’s Shotwell worth $1.2bn
7. SpinLaunch’s revolutionary plan for 280 satellites
8. Consolidation impacts satellite sector
9. Project Kuiper plans first satellite launch

Categories: Articles, Premium, VOD