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Photo: Robert Alexander/Getty Images

AT&T is wasting no time building its big Netflix competitor, which it hopes will be the anchor of its media business, WarnerMedia (formerly Time Warner).

Why it matters: Executives believe that a Netflix-like subscription video platform, that includes evergreen content in a library of franchise-driven titles, will be the driver of WarnerMedia’s success as WarnerMedia is now one of the four core pillars of AT&T’s business.

What's happening: Over the past two weeks, WarnerMedia has shut down three digital video services that catered to niche audiences.

  • FilmStruck, Turner’s indie subscription video service that launched in 2016
  • Super Deluxe, Turner’s comedy-centric digital turned TV studio that was first acquired in 2006, folded into Adult Swim, and then revitalized in 2015
  • DramaFever, Warner Bros.’ streaming-video service specializing in Korean dramas and Asian programming

Why it matters: Executives believe that a Netflix-like subscription video platform, that includes evergreen content in a library of franchise-driven titles, will be the driver of WarnerMedia’s success. (WarnerMedia is now one of the four core pillars of AT&T’s business.)

The big picture: AT&T CEO Randall Stephenson has said that capital reallocation is a part of the company’s strategy to boost its streaming efforts.  

  • Positive earnings suggest that WarrnerMedia is doing well in its early days under the AT&T umbrella. But it still has a long way to goin consolidating its services enough to be able to foot the bill for streaming empire. 

Go deeper: Verizon vs. AT&T: A tale of two media investments

Go deeper

Erica Pandey, author of @Work
41 mins ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.