September 27, 2021FilmTakeComments Off on AT&T Loses Over $50 Billion on Half-Baked Content Distribution Ambitions
After losing over $50 billion on a series of failed forays into content production and distribution, AT&T was forced to start selling stakes in its recently acquired media assets or risk weakening its monopolistic grip on telecom and internet delivery.
September 12, 2021FilmTakeComments Off on Movie Theater Attendance Roars Back to Life Despite Ongoing Restrictions
Embracing this day-and-date strategy follows seismic industry shifts last year that led WarnerMedia to release all its films on HBO Max when theaters were more or less closed due to lockdowns.
September 5, 2021FilmTakeComments Off on AT&T’s Great Media Escape Takes Shape After DirecTV and WarnerMedia Selloffs
AT&T’s decision to acquire a declining DirecTV in 2015 and a bloated WarnerMedia in 2018 were massive miscalculations. Desperate to pay down its debt, in March 2021, AT&T announced it would sell a 30% stake in DirecTV.
