AT&T To Launch New Streaming Service Next Year

(RTTNews) - AT&T (T) Wednesday said it plans to launch a new direct-to-consumer streaming service next year.

The launch of the new service follows AT&T's acquisition of Time Warner earlier this year. The telecom giant already offers live streaming and on-demand premium content through DirecTV Now, HBO Go and HBO Now.

AT&T plans to launch the new direct-to-consumer streaming service in the fourth quarter of 2019.

"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," the company said in a statement.

"We expect to create such a compelling product that it will help distributors increase consumer penetration of their current packages and help us successfully reach more customers."

The company said it expects financial support to launch the service to come from a combination of incremental efficiencies within the WarnerMedia operations, consolidating resources from sub-scale D2C efforts, fallow library content, and technology reuse.

In June, AT&T acquired Time Warner. The Department of Justice filed a lawsuit to block the acquisition deal last year, saying it would suppress competition, however, a federal judge in June ruled in AT&T's favor.
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