AT&T-Owned WarnerMedia Announces Major New Streaming Service For 2019

October 12, 2018

Thanks to a blockbuster corporate merger that was finalized earlier this year, consumers will have yet another streaming service to subscribe to in 2019. WarnerMedia (formerly Time Warner) announced Wednesday that it plans to leverage its large entertainment portfolio into an unnamed service that will launch late next year.

The announcement said the service will “deliver on the promise” of the $85 billion acquisition of Time Warner by AT&T. The massive telecom announced its intentions to purchase Time Warner in 2016, but due to the regulatory process, it was not completed until this summer. Both Senate Democrats and President Donald Trump opposed the merger on anti-monopoly grounds. “This is another benefit of the AT&T/Time Warner merger, and we are committed to launching a compelling and competitive product that will serve as a complement to our existing businesses and help us to expand our reach by offering a new choice for entertainment with the WarnerMedia collection of films, television series, libraries, documentaries and animation loved by consumers around the world,” WarnerMedia CEO John Stankey said in a statement.

Read more at International Business Times

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