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

New Teen Titans Go! To The Movies Trailer Released Today 1st May

New Teen Titans Go! To The Movies Trailer Released Today 1st May

New Teen Titans Go! To The Movies Trailer Released Today 1st May

Today (1st May), Warner Bros. Pictures have released a new trailer for the upcoming Teen Titans Go! movie due to be released this summer – Teen Titans Go! To The Movies. Cartoon Network USA also shared the same trailer on their social media pages. In the movie, the Teen Titans notice that every superhero have their own movie, except themselves. With high hopes and aspirations, they try to grab the attention of a movie director at Warner Bros’ movie studio so they can have their very own movie, but they’re not treated as superheroes as such because they actually haven’t done anything heroic. So, to prove their worth, the Teen Titans meet and fight their arch-nemesis – Slade (humorously mistaken for Deadpool in the movie), but Slade isn’t interest in fighting a “bunch of sidekicks and half a robot”, he’s more interested in world domination. Will the Teen Titans get their own movie? and more importantly, will they save Earth?

The movie features the usual voice cast from the show including Greg Cipes as Beast Boy, Scott Menville as Robin, Khary Payton as Cyborg, Tara Strong as Raven, and Hynden Walch as Starfire and also Will Arnett as Slade (Voice of Lego Batman: The Lego Batman Movie, The Lego Movie) and Kristen Bell voicing movie director – Jade Wilson. Nicolas Cage will be voicing the infamous superhero – Superman in the new movie; singer/songwriter Halsey will voicing Wonder Woman and rapper Lil Yachty will be playing the role of Green Lantern.

Teen Titans Go! To The Movies will be released in cinemas in the United States on 27th July 2018, in the United Kingdom, the movie will be released in cinemas on 3rd August 2018.

https://www.facebook.com/TeenTitansGOMovie/
https://www.instagram.com/teentitansgomovie/
https://twitter.com/TeenTitansMovie
http://TeenTitansGO-movie.com

New Teen Titans Go! To The Movies Trailer To Be Released Tomorrow 1st May, Teen Titans React To Social Media

New Teen Titans Go! To The Movies Trailer To Be Released Tomorrow 1st May, Teen Titans React To Social Media

New Teen Titans Go! To The Movies Trailer To Be Released Tomorrow 1st May, Teen Titans React To Social Media

Tomorrow (Tuesday 1st May), Warner Bros. Pictures will be releasing a new trailer for the upcoming Teen Titans Go! movie – Teen Titans Go! To The Movies coming this summer. Today, Cartoon Network and Warner Bros. Pictures released a video with the Teen Titans reacting to what people think of the movie’s first trailer on Twitter and as expected, a lot of people’s responses have been negative, but that doesn’t bother the Teen Titans as they’re happy that the movie is being talked about. The producers of Teen Titans Go! are fully aware about people’s negative perceptions of the animated series and they often laugh it off as a joke.

People wanted another season of the original 2003 Teen Titans animated series which had a more serious tone (although it does have its funny moments), just because Teen Titans Go! is the current series, doesn’t particularly mean their won’t be another season of Teen Titans sometime in the future, in fact, a new live-action series based on Teen Titans called “Titans” will be released on the DC Comics digital service later this year.

People need to realise that Teen Titans Go! shouldn’t be taken seriously at all, the show is purely made for comedic purposes and kids love the show, it’s no more sillier than Lego Batman or the original live-action Batman TV series. There’s significantly more DC Comics content that’s aimed at adults including the Batman and Superman comics, Batman, Wonder Woman and Suicide Squad movies, live-action TV shows such as The Flash and Gotham and even animated shows like Justice League Action which is considered to be a bit more mature. In fact, we should be glad that Teen Titans Go! even exists, it’s an entry point for the next generation of superhero comic book fans after all.

Teen Titans Go! To The Movies will be released in cinemas across the United States on 27th July 2018, in the UK, the movie will be released in cinemas on 3rd August 2018.

https://www.warnerbros.co.uk/movies/teen-titans-go
https://www.warnerbros.com/teen-titans-go-movies