AT&T CEO: We'll End Licensing Deals With Rivals as We Launch New Netflix-like Service

AT&T chief executive Randall Stephenson said Tuesday that the company will pull popular TV shows and movies from streaming rivals as it launches its own Netflix-like video service."We are going to have to take a lot of the great content we own that's been licensed elsewhere and bring that back into the fold," he said Tuesday morning at J.P. Morgan J.P. Morgan Global Technology, Media and Communications Conference in Boston.AT&T's new subscription video service is expected to launch in late 2019. It will be anchored by HBO TV shows and movies, along with content from Warner Bros. studios and Turner Networks. AT&T became the owner of the valuable entertainment library last June when it bought Time Warner in a deal valued at about $108.7 billion, including debt.  Continue reading...