Had to drag this thread up to post this.
AT&T is going to wring every dime out of Time Warner they can. Interested to see what their balance between released movies and stream will be over the next two years.
https://www.hollywoodreporter.com/ne...-deals-1238178
Elliott on Monday lauded the Time Warner assets, but also raised some questions about the strategic benefits AT&T can get from the $85 billion, or $109 billion including debt, takeover that it announced in 2016 and completed in 2018. "Time Warner is a spectacular company, representing a collection of some of the world’s premier media assets, and it remains a strong and valuable franchise today," it wrote in its letter. "However, despite nearly 600 days passing between signing and closing (and more than a year passing since), AT&T has yet to articulate a clear strategic rationale for why AT&T needs to own Time Warner. While it is too soon to tell whether AT&T can create value with Time Warner, we remain cautious on the benefits of this combination. We think that, after $109 billion and three years, we should be seeing some manifestations of the clear strategic benefits by now."