Hollywood Prepares for Merger Mania Following Time Warner, AT&T Approval
Multiple outlets are reporting that U.S. District Court Judge Richard Leon ruled today that AT&T’s $85.4 billion purchase of Time Warner is legal, clearing the path for AT&T to buy HBO, CNN, and Warner Bros. Judge Leon did not impose conditions on the merger’s approval and urged the government not to seek a stay. Shares of Time Warner jumped roughly 5 percent in extended trading. Shares of AT&T dropped as much as 2 percent. Assistant Attorney General Makan Delrahim said the Justice Department was disappointed by the decision. “We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner. We will closely review the Court’s opinion and consider next steps in light of our commitment to preserving competition for the benefit of American consumers.” The shockwaves of this decision reverberated in the halls of multiple telecommunication companies and it may end up affecting Comcast’s ability to outbid Disney for FOX.
Mark Reilly and Jeff Sneider sit down to give their analysis of this important decision by the judge in this case. They look at the message it sends to other telecommunications companies and its possible far reaching effects on Comcast’s ability to buy FOX. They also look at how this might affect the programming for the networks that were part of this deal.Let us know what you thought about this decision in the COMMENTS section below. Remember to LIKE and SHARE this video on your social media and to SUBSCRIBE to Collider.
Follow us on Twitter: https://twitter.com/ColliderVideo Follow us on Instagram: https://instagram.com/ColliderVideo Follow us on Facebook: https://facebook.com/colliderdotcom
As the online source for movies, television, breaking news, incisive content, and imminent trends, Collider is more than an essential destination. Visit Collider: http://collider.com
Follow the site on Twitter: https://twitter.com/Collider
Subscribe to the SCHMOES KNOW channel: https://youtube.com/schmoesknow
And for even more great Collider content, check out our weekly schedule below and follow the links to peruse episodes both old and new. We’re your go-to destination for all things fandom. You can also subscribe to our podcasts on iTunes using the links below or at http://podcastone.com/network/Collider
COLLIDER MOVIE TALK - Weekdays 12PM ET / 9AM PT Entertainment News, Roundtable discussion and debate Youtube: http://bit.ly/29BRtOO iTunes: https://apple.co/2GtECgt
COLLIDER HEROES - Mondays & Wednesdays 5PM ET / 2PM PT The latest news and speculation in the world of comic book movies, television, and graphic novels Youtube: http://bit.ly/29F4Job iTunes: https://apple.co/2Ioznj5
COLLIDER JEDI COUNCIL - Thursdays 5PM ET / 2PM PT What's new in the Star Wars universe and what we can expect from all the upcoming movies, novels, comics and more Youtube: http://bit.ly/29v5wVi iTunes: https://apple.co/2JccnF6
MOVIE TRIVIA SCHMOEDOWN - Tuesdays & Fridays 5PM ET / 2PM PT Head-to-head game show that turns trivia into a fierce competition Youtube: http://bit.ly/29C2iRV iTunes: https://apple.co/2pZRhBL
Plus MOVIE & TV REVIEWS, INTERVIEWS, BREAKING NEWS, EDITORIALS, MAILBAG, MOVIE COMMENTARIES, VR GAMING, COMIC BOOK SHOPPING and much more each week. Subscribe today! http://bit.ly/2z80n4O
And the COLLIDER PODCAST NETWORK featuring 1-ON-1 WITH KRISTIAN HARLOFF: https://apple.co/2GN9SKZ and the COLLIDER FACTORY FEED: https://apple.co/2q27BkI