AT&T offers its unlimited subscribers free access to a new app that streams Turner Network content
On Thursday, AT&T received approval to go ahead with its purchase of Time Warner for $85.4 billion. By the end of the week, the deal was closed giving the nation's second largest wireless carrier ownership of HBO, CNN, TNT, TBS and other cable properties. The deal also brought AT&T the Time Warner movie studio and a library of popular films. As we pointed out when the court ruled against the Justice Department, content is very much in demand by wireless operators. If you're wondering why, let's take a look at what AT&T just announced on Friday.
"There's going to be opportunities to distribute premium video like we never imagined. The tech companies are just demonstrating that to us. So we want to participate in this."-Randall Stephenson, CEO, AT&T
AT&T's unlimited subscribers already can stream HBO for free, and they receive a $15 monthly credit toward the DirecTV Now app, which starts at $35 a month. It should be pointed out that with the deal, Time Warner is now called WarnerMedia based on a leaked internal memo that was the basis of a story in the New York Times.
source: CNBC
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