Media mergers Tag

By Joe Flint and Drew FitzGerald June 15, 2018 | In an interview one day after AT&T Inc. closed on its $81 billion purchase of Time Warner Inc., John Stankey, the executive tasked with overseeing the entertainment giant’s assets, said the company will be aggressive when it comes to acquiring content and building new ways to reach viewers. “Everybody agrees that the right thing for...

By Gerry Smith June 13, 2018 | Your move, Disney. After Comcast Corp. made a $65 billion bid on Wednesday for 21st Century Fox Inc.’s entertainment assets -- the same holdings that Walt Disney Co. had agreed to buy for about $52.4 billion -- the Mouse House is under pressure to respond. At stake is a trove of media properties, ranging from “The Simpsons” to “X-Men,”...

By Peter Kafka June 12, 2018 |  Verizon? Go right ahead. Charter? You, too. Amazon and other tech companies with billions to burn? Go for it. That’s the message from a federal judge, who has ruled today that AT&T can buy Time Warner — and, crucially, didn’t apply any restrictions to his decision. That clears the way for other “vertical” mergers, which means other...

By Alisha Haridasani June 8, 2018 | Rupert Murdoch is looking beyond Disney for the sale of the bulk of 21st Century Fox assets, Richard Greenfield, media and tech analyst at BTIG told Cheddar exclusively. “I think a lot of people have said not only is he focused only on selling to Disney but he really wants Disney stock and wants to be...

Photo: Asa Mathat for Vox Media   By Edmund Lee May 30, 2018 | Recode Executive Editor Peter Kafka gamely asked AT&T CEO Randall Stephenson why it makes sense for his company to spend $85 billion to own Time Warner when it could simply license that same content. His answer came down to Netflix. “A key variable is the direct relationship with the customer, and a...

By Dade Hayes May 29, 2018 | “Comcast must be looking into the 10-year future,” veteran media analyst Todd Juenger, of Sanford Bernstein, writes, “and has concluded: 1) there will only be a handful of global, entertainment video services, 2) most of those slots are already taken (Netflix, Amazon, Google/YouTube, Facebook?, Apple?), 3) likely only one company from ‘old media’ can make it...

By David Bloom May 18, 2018 | Simply put, Hollywood's biggest guns are fiddling an ode to oversized media mergers worthy of Nero. Meanwhile, the Visigoths of tech – including Netflix, Amazon, Google and Apple – continue to accrete customers, market share and facility with popular new entertainment-delivery platforms where traditional Hollywood holds no home-court advantage. The gigantism push – manifested most clearly by AT&T's...