10 Jun

AT&T Scraps Plans for Three-Tier Subscriptions

WRITTEN BY Sneha Nahata

AT&T’s streaming service

AT&T’s (T) WarnerMedia unit has reportedly scrapped its plans for three-tier streaming. The product was expected to be unveiled later this year and broadly available by next March.

AT&T Scraps Plans for Three-Tier Subscriptions

The Wall Street Journal reports that WarnerMedia will instead provide content from HBO, Cinemax, and Warner Bros. in a single subscription service expected to cost $16–$17 per month. AT&T was initially planning to offer an entry-level option focused on movies, a premium-tier option offering original programming and blockbuster movies, and a third option including both services.

AT&T set to compete with rivals

AT&T’s streaming service is expected to present stiff competition for established rivals such as Netflix and Amazon, given its premium content. Walt Disney is also launching a streaming service, Disney+, on November 12. In April 2018, Disney launched a sports streaming service, ESPN+, to address its shrinking ESPN subscriber base. Apple is set to launch a streaming product this fall, while Comcast’s NBCUniversal and Discovery are set to launch streaming service in 2020.

Latest articles

Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?

Innovative Industrial Properties (IIPR) continued to slump on July 22. The stock lost almost 6.8% of its value on the day.

22 Jul

Why AT&T Stock Is Down 2.2% Today

WRITTEN BY Ambrish Shah

AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?

The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.

22 Jul

Why Durect Corporation Is Soaring Today

WRITTEN BY Margaret Patrick

On July 22, Durect Corporation (DRRX) entered into a collaboration with HIV leader Gilead Sciences (GILD).

Pure Alpha, the flagship fund of Ray Dalio’s Bridgewater Associates, fell 4.9% in the first half, the Financial Times reported.