Time Warner Rebrands As WarnerMedia Following AT&T Merger

Warner Media Logo

Time Warner Rebrands As WarnerMedia Following AT&T Merger

Yesterday (15th June) and within hours of AT&T formally merging with Time Warner, AT&T’s newly acquired ex-Time Warner media business unit as renamed itself as “WarnerMedia”, ending the use of the “Time Warner” corporate brand which was originally introduced in 1990 and has been used in various forms since. The new logo has a simple design with a sans-serif font with back and white background variants. The use of the Time Warner brand in recent years has been rather confusing, this is why a new name was needed, especially when Time Warner Cable was spun-off in 2009 (now part of Charter Communications as of 2016) leaving two separate companies with the same name. Also Time Warner spun-off its publishing division – Time Inc. in 2013, so the company had no reason to use The “Time” name either. It’s likely that the company didn’t want to rebrand as the company was up for sale and a buyer would likely change the name anyway.

Following the $85 billion merger, the CEO of AT&T – Randall Stephenson has promised to make sure that WarnerMedia and its sub-divisions (Warner Bros, HBO and Turner) will continue to have the same level of creative freedom as if it was still an independent company, the reason being is that AT&T’s core business is communications and not media, they would rather allow existing management who know the media industry to continue to work for WarnerMedia. AT&T has also promised to invest $21 billion into the WarnerMedia business to help it compete against fast-growing new-media rivals – Netflix and Amazon.

In a statement about WarnerMedia’s continued creative independence, Randall Stephenson said: “We’re big fans of your talent and creativity. And you have my word that you will continue to have the creative freedom and resources to keep doing what you do best.”

The division of WarnerMedia that owns Cartoon Network, Boomerang and other associated brands – Turner has already seen a major management change, the CEO of Turner – John Martin is stepping down, it’s not known on how much of an impact that AT&T’s acquisition will have on Turner, but they said, very little will change, although people are concerned over job redundancies because of cost efficiency reasons and there will be some redundancies at the corporate functions level. Turner President – David Levy, Turner International President – Gerhard Zeiler and CNN Worldwide President – Jeff Zucker will be running the company at least in the interim following John Martin’s departure. All three will report to WarnerMedia’s new CEO – John Stankey, who himself also replaces ex-Time Warner CEO Jeff Bewkes.

The Time Warner website has been updated to include the new WarnerMedia logo, as of yet, nothing much has changed.

https://www.yahoo.com/news/t-ceo-says-ready-invest-keep-culture-time-162401452–finance.html

https://variety.com/2018/tv/news/att-time-warner-warnermedia-turner-chief-john-martin-1202848405/

http://money.cnn.com/2018/06/15/media/warnermedia-john-stankey-announcements/index.html

https://nypost.com/2018/06/15/time-warner-will-be-renamed-warner-media-turner-ceo-exits/

AT&T Completes Merger With Cartoon Network’s Ultimate Parent Company Time Warner

AT&T Completes Merger With Cartoon Network's Ultimate Parent Company Time Warner

AT&T Completes Acquisition Of Cartoon Network’s Ultimate Parent Company Time Warner

Late last night (14th June), AT&T (name originated from American Telephone & Telegraph Company) has completed its merger with Cartoon Network’s ultimate parent company (via Turner) – Time Warner. Under the terms of the merger, AT&T issued 1.185 million shares of common stock and paid $42.5 billion in cash, Time Warner shareholders received 1.437 shares of AT&T common stock, in addition to $53.75 in cash for each Time Warner share. The proposed merger was announced in October 2016, but the merger wasn’t approved until Tuesday this week (12th June) after it was given the greenlight by U.S. senior judge – Richard J. Leon.

AT&T can trace its history all the way back to the Bell Telephone Company, a company founded by the inventor of the telephone, Scottish-Canadian Alexander Graham Bell in 1875, the company grew to become one of the largest landline, mobile telephone and broadband internet service companies in the United States. AT&T has a complex history, with mergers, demergers and remergers, even AT&T spinoff SBC took over original AT&T and re-branded their whole company as AT&T. AT&T has merged with Time Warner because of its television and movie content, they purchased the largest satellite television provider in the United States – DirecTV in 2015 and they wanted a large content division to run alongside its pay-TV and mobile and landline telecommunication divisions. With access to its own movie and TV studios and media library, AT&T can give its own customers free content or at a reduced rate, which is an incentive strategy to retain and gain more customers.

The merger can be seen as an necessity for Time Warner to ensure its survival against cord-cutting (people who unsubscribe from cable and opt for streaming services) which is one of the biggest threats in the media industry, AT&T now has an advantage as it offers the infrastructure (mostly within the United States and some internet backbones worldwide) for people to use these streaming services and even owns a few of these streaming services (including DirecTV Now) and content of its own of which it can bundle with broadband and mobile packages.

With the merger, AT&T now owns one of the largest media companies in the world which includes Warner Bros. (Movies, TV Shows and Animation), Turner (U.S. and international cable television broadcaster and production company, known for its live-action, animated and news programming) and also HBO (Home Box Office), known for producing some of the highest quality entertainment on television. Turner and AT&T have some things in common, for example, digital streaming services, Turner has the classic movie streaming service – FilmStruck and also the classic cartoon streaming service – Boomerang (co-owned with Warner Bros.), meanwhile AT&T owns 50% Otter Media who run Japanese anime streaming service – Crunchyroll and the multiple entertainment brand streaming service platform – VRV.

At present, there won’t be any changes at Time Warner (including Cartoon Network’s Turner) except that Time Warner CEO – Jeff Bewkes will be stepping down, with John Stankey now in-charge of what was Time Warner. Jeff Bewkes will continue to serve as a senior business advisor at AT&T for at least the time being. AT&T and Time Warner are two very different businesses, this can be seen as a vertical merger, unlike the proposed horizontal merger with rivals – Disney and 21st Century Fox.

AT&T is yet to give a new name to its new media division, but Time Warner’s Twitter account suggests that its called “Warner Media Group”.

https://twitter.com/WarnerMediaGrp

From The AT&T Press Release: AT&T Completes Acquisition of Time Warner Inc

AT&T Inc. (NYSE:T) has completed its acquisition of Time Warner Inc., bringing together global media and entertainment leaders Warner Bros., HBO and Turner with AT&T’s leadership in technology and its video, mobile and broadband customer relationships.

“The content and creative talent at Warner Bros., HBO and Turner are first-rate. Combine all that with AT&T’s strengths in direct-to-consumer distribution, and we offer customers a differentiated, high-quality, mobile-first entertainment experience,” said Randall Stephenson, chairman and CEO of AT&T Inc. “We’re going to bring a fresh approach to how the media and entertainment industry works for consumers, content creators, distributors and advertisers.”

Stephenson said the future of media entertainment is rapidly converging around three elements required to transform how video is distributed, paid for, consumed and created. Today, AT&T brings together:

Premium Content: Broadly distributed, robust premium content portfolio that combines leading movies and shows from Warner Bros., HBO and Turner, along with more targeted digital content from Bleacher Report, FilmStruck and AT&T’s investment in Otter Media, among others.

Direct to Consumer Distribution (D2C): AT&T has more than 170 million D2C relationships across its TV, video streaming, mobile and broadband services in the U.S., mobile in Mexico, TV in Latin America, in addition to D2C digital properties such as HBO NOW, Boomerang, FilmStruck and CNN.com.

High-Speed Networks: AT&T‘s leading wireless and fiber network, including investments in new technology such as 5G, will provide the network bandwidth required as customers increase engagement with premium video and emerging 4K and virtual reality content.

Company Structure, Executive Leadership

AT&T Inc. consists of four businesses. This structure allows each business to operate independently and move quickly, while at the same time innovating across AT&T with content, connectivity and advertising. The four business are:

AT&T Communications provides mobile, broadband, video and other communications services to U.S.-based consumers and nearly 3.5 million companies – from the smallest business to nearly all the Fortune 1000 – with highly secure, smart solutions. Revenues from these services totaled more than $150 billion in 2017.

AT&T’s media business consists of HBO, Turner and Warner Bros. Together, these businesses had revenues of more than $31 billion in 2017. A new name for this business will be announced later.
AT&T International provides mobile services in Mexico to consumers and businesses, plus pay-TV service across 11 countries in South America and the Caribbean. It had revenues of more than $8 billion in 2017.

AT&T’s advertising and analytics business provides marketers with advanced advertising solutions using valuable customer insights from AT&T’s TV, mobile and broadband services, combined with extensive ad inventory from Turner and AT&T’s pay-TV services. A name for this company will be announced in the future.

Jeff Bewkes, former chairman and CEO of Time Warner Inc., has agreed to remain with the company as a senior advisor during a transition period. “Jeff is an outstanding leader and one of the most accomplished CEOs around. He and his team have built a global leader in media and entertainment. And I greatly appreciate his continued counsel,” Stephenson said.

As previously announced, leading the four businesses and reporting to Stephenson will be:

John Donovan, CEO of AT&T Communications;
John Stankey, CEO of AT&T’s media business;
Lori Lee, CEO of AT&T International and Global Marketing Officer of AT&T Inc.; and,
Brian Lesser, CEO of AT&T’s ad and analytics business.

All of Jeff Bewkes’ direct reports will now report to John Stankey.

Acquisition Financial Details

Under the terms of the merger, Time Warner Inc. shareholders received 1.437 shares of AT&T common stock, in addition to $53.75 in cash, per share of Time Warner Inc. As a result, AT&T issued 1,185M shares of common stock and paid $42.5B in cash. Including net debt from Time Warner, we now have $180.4B in net debt.

About AT&T

AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. It consists of four businesses. AT&T’s media business, with its HBO, Turner and Warner Bros. divisions, is a world leader in creating premium content, operates one of the largest TV and film studio, and owns a vast library of entertainment. AT&T Communications has relationships with more than 100 million U.S. consumers across TV, mobile and broadband services. Plus, it serves nearly 3.5 million business customers with high-speed, highly secure connectivity and smart solutions. AT&T International provides pay-TV services across 11 countries and territories in Latin America and the Caribbean, and is the fastest growing wireless provider in Mexico, serving consumers and businesses. AT&T ad and analytics provides marketers with innovative, targeted, data-driven advertising solutions around premium video content.

http://about.att.com/story/att_completes_acquisition_of_time_warner_inc.html

Personal Overview Of 2017 And Plans For The Future

Personal Overview Of 2017 And Plans For The Future

Personal Overview Of 2017 And Plans For The Future

2017 was a great year for the RegularCapital blog, the blog is now three years old and this year was the blog’s most successful year yet. As of writing and according to Google Analytics, this blog has had a total of 306,304 page views so far this year with six days to go, in the same period last year, the blog had 231,079 page views, thank you all for reading as every view makes this blog worthwhile. I hope I’ve been a reliable source for news relating to Cartoon Network (although I do the odd clumsy mistake), as I had a lot of positive feedback.

I prefer blogging rather than doing actual YouTube videos for numerous reasons, first of all I’m not exactly an outgoing person and not a great speaker, if I did present YouTube videos with the news posted on the blog, I reckon I’ll reach a lot more people. In my opinion, blogging is better, for users, it’s easier to find information because search engines such as Google index text-based content a lot better than video (I could write video transcripts but that kind of defeats the purpose), it’s significantly faster to write a blog post than record a video as I am able to explain things in more detail. I will continue to upload Cartoon Network UK/Boomerang UK/Cartoonito UK promos on to my YouTube channel as long as Turner UK is still fine with it.

There’s a lot of improvements I could make, for instance, I could cover Adult Swim a lot more, but the problem is a lack of time and I run the site all by myself, with the help of some friends for sources. This year, I went to the UK premiere of Ninjago: Masters of Spinjitzu: Hands of Time, met Ben Bocquelet and Mic Graves at a special The Amazing World of Gumball screening and also met Daniel Chong at a special We Bare Bears screening in London at BAFTA in London, all those were memorable moments I’ll never forget and thanks to Cartoon Network UK for inviting me to write about those events.

In 2018, there will be some changes, I will no longer support anyone on Patreon, up until yesterday, I supported animation YouTubers – RebelTaxi and Saberspark, the reason why I’ve stopped supporting is because of a conflict of opinion regarding Cartoon Network USA’s current business practices (most particularly scheduling) and as a result I don’t want this blog to be associated with the content discussed in their YouTube channels. This isn’t because I have a problem with Pan Pizza (RebelTaxi) or Saberspark, they’re really good YouTubers and probably the best in terms of animation YouTube channels, especially RebelTaxi. I can see the uproar caused by the schedule by airing Teen Titans Go! so much, but there’s an app now, people can watch their favourite shows anytime they like, even new episodes before they air on television, this is progress, but people just ain’t used to change. As “cord-cutting” is a lot more prevalent in the United States, I can see Cartoon Network having a standalone subscription streaming service and possibly merge it with their existing Boomerang streaming service but as a separate package or alternatively, Warner Bros., Turner and HBO could run a combined streaming service or fully-integrate with DirecTV’s NOW service if the AT&T merger is approved.

Also a lot of channels on YouTube covering animation news tend to be very “cookie-cutter” (again – this year’s scheduling controversy), they’re often have videos with clickbait titles or offer a vague opinion or their opinion is wholly based on popularity of said opinion in the “animation community”, though, RebelTaxi and Saberspark don’t necessarily fall into this category of YouTubers.

Instead, the money will be reinvested into the website, in April 2018, my current web hosting contract with PickAWeb will end, I hope to stay with PickAWeb as they’ve been very reliable and their support has been really good, the extra money will be funded towards better a hosting package, hopefully SSD (Solid State Drive) hosting, this will make the website load even faster. SSD’s are also more reliable and environmentally friendly because of no moving parts and have lower electricity consumption.

PickAWeb are a little bit on the pricey end of hosting, but they’re UK based, use enterprise grade hardware, have better server software (CloudLinux, Litespeed etc.) than most hosts which often comes with a premium and have a high reliability rate, also the site is running surprisingly well on shared hosting, rather than dedicated hosting. The website is 100% funded by myself as I class this as a hobby rather than a job. I did have adverts on the site a few times as an experiment, but this was mostly to see if the site can support itself financially, but the ads had no relevance to the content, are of low quality or provided a service which are quite frankly, a rip-off, I don’t want to be associated with these companies. I also don’t expect anyone to pay me for running the blog, I do the blog purely on choice.

In 2017, I’ve been optimising the site, the site now uses Cloudflare’s CDN (Content Delivery Network), I have attempted to use Cloudflare back when the site was hosted on Heart Internet but I ran into a few problems, PickAWeb’s integration with Cloudflare has helped me to alleviate these issues. The use of Cloudflare on the site makes the site faster and protects the site when there’s a web traffic overload, Cloudflare will fetch a copy of the site from the user’s nearest Cloudflare server rather than the web host’s server in London, which is useful as I have a lot of readers in other parts of the world. The blog is now using the WPRocket plugin, this makes the site load faster by caching and minifying the HTML, JavaScript and CSS used on the site. Earlier this year, I’ve made the move to HTTPS by buying a SSL certificate, Google now considers HTTPS to be a ranking signal for search engine results, so such a move was advantageous. Images are also optimised for the web by using the Imagify WordPress plugin.

Once again, thanks for reading my blog and for supporting for what I do. 2018 is going to be a great year for Cartoon Network, much better than 2017, a brand new show – Unikitty! will premiere worldwide as well as the new Cartoon Network original series’ – Craig of the Creek and Summer Camp Island, along with the new Megaman animated series, a brand new Boomerang original – Taffy and much much more.

I wish you a Merry Christmas and have a great 2018.