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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.

Go deeper:

Go deeper

Jonathan Swan
17 mins ago - Politics & Policy
Off the Rails

Episode 4: Trump turns on Barr

Photo illustration: Eniola Odetunde/Axios. Photos: Drew Angerer, Pool/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 4: Trump torches what is arguably the most consequential relationship in his Cabinet.

Attorney General Bill Barr stood behind a chair in the private dining room next to the Oval Office, looming over Donald Trump. The president sat at the head of the table. It was Dec. 1, nearly a month after the election, and Barr had some sharp advice to get off his chest. The president's theories about a stolen election, Barr told Trump, were "bullshit."

Go deeper (6 min. read)Arrow
Rebecca Falconer
5 hours ago - Politics & Policy

In photos: Protests outside fortified capitols draw only small groups

Armed members of the far-right extremist group the Boogaloo Bois near the Michigan Capitol Building in Lansing on Jan. 17. About 20 protesters showed up, AP notes. Photo: Seth Herald/AFP via Getty Images

Small groups of protesters gathered outside fortified statehouses across the U.S. over the weekend ahead of President-elect Joe Biden's inauguration Wednesday.

The big picture: Some protests attracted armed members of far-right extremist groups but there were no reports of clashes, as had been feared. The National Guard and law enforcement outnumbered demonstrators, as security was heightened around the U.S. to avoid a repeat of the Jan. 6 U.S. Capitol riots, per AP.

See photos (<1 min. read)Arrow
Felix Salmon, author of Capital
8 hours ago - World

China's economy grows 6.5% in Q4 as country rebounds from coronavirus

A technician installs and checks service robots to be be used for food and medicine delivery in Jiaxing, Zhejiang Province, China, on Sunday. Photo: Hu Xuejun/VCG via Getty Images

China's economy grew at a 6.5% pace in the final quarter of 2020, the national statistics bureau announced Monday local time, topping off a year in which it grew in three of four quarters and by 2.3% in total.

Why it matters: No other major economy managed positive growth in 2020. Although the COVID-19 pandemic was first detected in China, the country got the virus under control and became one of the main positive drivers of the global economy even as the rest of the world was largely under lockdown.

Go deeper (<1 min. read)Arrow