Nov 30, 2018

AT&T’s new subscription streaming service will have 3 tiers

Photo: Robert Alexander/Getty Images

AT&T says that the new streaming service it plans to launch during the fourth quarter of 2019 will have three tiers to target all types of customers.

Why it matters: The service would provide similar flexibility to rival Netflix, which also offers three different streaming tiers, allowing it to lure customers to better compete against its more-established competitor.

Details: The tiers...

  1. Entry level package: This package will provide only movies from AT&T’s content database, including films from WarnerMedia’s movie studio, Warner Bros., and its premium cable channel, HBO.
  2. Premium service: This will include additional premium content and movies.
  3. Bundled package: This package combines content from the first two packages, plus more content from the WarnerMedia suite, which could include television programming from WarnerMedia’s cable channels — truTV, TBS, TNT, CNN, etc.

Between the lines: One a call with investors Thursday, AT&T CEO Randall Stephenson suggested that he would consider selling off some of the company's assets to be able to foot the bill for AT&T's streaming ambitions, even teasing that he could sell AT&T's 10% stake in Hulu, which was obtained through its acquisition this summer of Time Warner.

The bottom line: Analysts seem happy with AT&T's plans and positioning around WarnerMedia. "We believe AT&T's analyst day was constructive and should help ease concerns around growth and pathway to deliver," writes UBS in an analyst note.

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Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).

Why big banks are breaking up with some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase is the latest financial giant to unveil new climate commitments, and like its peers, it is hard to disentangle how much is motivated by pressure, conscience or making a virtue of necessity.

Why it matters: The move comes as grassroots and shareholder activists are targeting the financial sector's fossil energy finance, especially amid federal inaction on climate.

Trump acknowledges lists of disloyal government officials to oust

Photo: Mandel Ngan/AFP via Getty Images

President Trump on Monday acknowledged the existence of assembled lists of government officials that his administration plans to oust and replace with trusted pro-Trump people, which were first reported by Axios' Jonathan Swan.

What he's saying: “I don’t think it's a big problem. I don’t think it's very many people,” Trump said during a press conference in India, adding he wants “people who are good for the country, loyal to the country.”