Today AT&T announced plans to pull back content currently licensed to places like Netflix in preparation for its new streaming service. This likely means popular shows will be leaving Netflix, Amazon, and Hulu as AT&T gets ready to launch a new streaming 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,” AT&T CEO Randall Stephenson said at a conference in Dallas, as reported by The Dallas News.
This news comes as Kevin Reilly, TBS and TNT president overseeing WarnerMedia’s streaming service, told television critics in February that AT&T was “willing” to remove WarnerMedia’s best shows from Netflix and Hulu in order to offer them through the new AT&T streaming service.
Details are still thin on AT&T’s new Warner Media streaming service. It has been suggested that AT&T plans to charge $10 a month for the new service. A price point that may struggle with Disney and Hulu charging $6.99 and $5.99. For now, we will have to wait and see what AT&T does.
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