AT&T

Nov
15
2021
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By Troy Warren
“Taxes Destroy Value”: Why AT&T Is Using a Reverse Morris Trust in the WarnerMedia-Discovery Deal

“Taxes Destroy Value”: Why AT&T Is Using a Reverse Morris Trust in the WarnerMedia-Discovery Deal

Business, , ,
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT #Business As AT&T plans to spin off WarnerMedia to then merge it with Discovery, it's turning to a deal structure that's been used just a handful of times in the media industry. “Iconic brands and franchises,” “complementary assets,” “one of the largest global streaming players.” The buzzy phrases offered up to tout the megamerger of Discovery and AT&T’s WarnerMedia when the companies unveiled it on May 17 just rolled off the tongue. The same can’t quite be said about the type of deal the partners agreed on to pull off the marriage:…
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Aug
10
2021
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By Troy Warren
Sony Completes $1.2B Acquisition of Crunchyroll From AT&T

Sony Completes $1.2B Acquisition of Crunchyroll From AT&T

Business, Digital, In The News, , , ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Digital #Business The anime streaming service has 5 million subscribers and more than 120 million registered users. Sony has completed its nearly $1.2 billion acquisition of the anime streaming service, Crunchyroll, from AT&T, the company said on Monday. The acquisition, which was first announced in December, brings Crunchyroll to Funimation, a joint venture between Sony Pictures and Sony Music’s Aniplex. With Crunchyroll housed under Funimation, Sony will now be able to expand its status in the anime industry and reach Crunchyroll’s 5 million subscribers and more than 120 million registered users. Boasting over 1,000…
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Jul
16
2021
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By Troy Warren
AT&T Premium Video Subscriber Loss Narrows in Second Quarter

AT&T Premium Video Subscriber Loss Narrows in Second Quarter

Business,
BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT "This marks the best quarterly loss for AT&T since the fourth quarter of 2018," says one analyst. Telecom giant and WarnerMedia parent AT&T, led by CEO John Stankey, disclosed  Friday that it lost 473,000 premium video subscribers during the second quarter. It shared the preliminary figures for its DirecTV, AT&T TV and U-verse TV services in a regulatory filing related to its debt. Wells Fargo analyst Steve Cahall, in a first reaction, called the figures “not so bad,” noting that the FactSet consensus had called for a loss of 508,000 customers. “This marks…
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Jul
02
2021
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By Troy Warren
AT&T sells, will lease CNN Center

AT&T sells, will lease CNN Center

Business, , ,
By Michael E. Kanell, The Atlanta Journal-Constitution Troy Warren for CNT Florida-based company announces deal to buy complex A Florida-based real estate company has purchased the iconic CNN Center in downtown Atlanta, but its current occupants are staying put. CP Group, which is based in Boca Raton, announced late Thursday that it has reached a deal to buy the complex next to Centennial Olympic Park. AT&T, which owns CNN as a result of its 2018 acquisition of Time Warner, will lease the building from its new owners for a “a number of years.” By Visit Lake Oconee ADVERTISER CONTENT A perfect Georgia summer…
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