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04-22-2014, 08:01 PM
AT&T spearheads a $500 million venture to kill cable and take on Netflix
http://c2.bgr.com/2012/09/att-sign-sky-0.jpeg?w=610 (http://bgr.com/2014/04/22/att-chernin-group-500-million-dollar-investment/)AT&T k**ws that it can't beat over-the-top content providers such as Netflix and Amazon (http://bgr.com/2013/10/17/cord-cutting-how-to-guide/), so it figures it might as well join them. AT&T (http://bgr.com/tag/att) an**unced on Tuesday that it has joined with the Chernin Group media holding company to invest $500 million in a new venture that will "acquire, invest in and launch over-the-top (OTT) video services." This is particularly interesting because it's the first time we've really seen a company that offers pay TV services make this kind of big investment in over-the-top video. Cable companies such as Comcast (http://bgr.com/tag/comcast) and Time Warner Cable have traditionally done their best to wall off live cable TV programs from the Internet, but the popularity of over-the-top services such as Netflix, Hulu and Amazon Instant Video (http://bgr.com/2013/04/01/cable-cord-cutting-analysis-408642/)*has apparently grown too big for AT&T to ig**re. The company's press release an**uncing the venture follows below.
Continue reading... (http://bgr.com/2014/04/22/att-chernin-group-500-million-dollar-investment/)
http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/wiV2808hyOE
http://c2.bgr.com/2012/09/att-sign-sky-0.jpeg?w=610 (http://bgr.com/2014/04/22/att-chernin-group-500-million-dollar-investment/)AT&T k**ws that it can't beat over-the-top content providers such as Netflix and Amazon (http://bgr.com/2013/10/17/cord-cutting-how-to-guide/), so it figures it might as well join them. AT&T (http://bgr.com/tag/att) an**unced on Tuesday that it has joined with the Chernin Group media holding company to invest $500 million in a new venture that will "acquire, invest in and launch over-the-top (OTT) video services." This is particularly interesting because it's the first time we've really seen a company that offers pay TV services make this kind of big investment in over-the-top video. Cable companies such as Comcast (http://bgr.com/tag/comcast) and Time Warner Cable have traditionally done their best to wall off live cable TV programs from the Internet, but the popularity of over-the-top services such as Netflix, Hulu and Amazon Instant Video (http://bgr.com/2013/04/01/cable-cord-cutting-analysis-408642/)*has apparently grown too big for AT&T to ig**re. The company's press release an**uncing the venture follows below.
Continue reading... (http://bgr.com/2014/04/22/att-chernin-group-500-million-dollar-investment/)
http://feeds.feedburner.com/~r/TheBoyGeniusReport/~4/wiV2808hyOE