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”.

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

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.

Cartoon Network And HowStuffWorks Partner For A New Podcast – Drawn: The Story Of Animation

Cartoon Network And HowStuffWorks Partner For A New Podcast - Drawn: The Story Of Animation

Cartoon Network And HowStuffWorks Partner On A New Podcast – Drawn: The Story Of Animation

Cartoon Network has partnered with HowStuffWorks, an educational website about how things work, to produce a special podcast called “Drawn: The Story of Animation”. The new podcast will launch on Tuesday 1st May and will consist of 11 episodes and will be a detailed analysis of animation from the prospective of the production crew, show creators, studio executives and the voice acting cast. Each episode will dive right into the history of animation, a creative form of entertainment that has developed exponentially over the past century. Podcast topics that will be explored include the cultural influence of animation, how cartoons are made, music in animation, consumer products, sound effects and woman in the animation industry.

HowStuffWorks is also the largest for-profit podcasting network, each episode of “Drawn” will be presented by Holly Frey, the host of HowStuffWorks’ very own “Stuff You Missed In History Class” podcast.

Special guests that will be joining Holly on the podcast include: Eric Bauza (voice actor for Unikitty!, The Looney Tunes Show and Teenage Mutant Ninja Turtles), Seth Green (co-creator for Robot Chicken, voice actor on Family Guy), Doc Hammer and Emmy Award nominee, Christopher McCulloch (better known as Jackson Publick, creator of The Venture Bros.), Doc Hammer (Voice actor and writer for The Venture Bros.), Liz Harvatine (stop-motion animator on Robot Chicken), Mike Lazzo (Executive Vice President & Creative Director, Adult Swim), Vanessa Marshall (voice actress for Star Wars: Rebels and Regular Show), Michael Ouweleen (co-creator, Harvey Birdman; Chief Marketing Officer, Cartoon Network, Adult Swim & Boomerang), Jennifer Pelphrey (Production Manager for Cartoon Network Studios), Ian Jones-Quartey (Creator of OK K.O.!, also worked on Steven Universe and Adventure Time), Rob Sorcher (Chief Content Officer at Cartoon Network Studios), Tara Strong (voice actress for Ben 10, Teen Titans Go!, My Little Pony: Friendship is Magic), Rebecca Sugar (Emmy Award nominee, The New York Times Bestselling author and creator of Steven Universe) and Billy West (voice actor for Futurama and the Wacky Races reboot).

The free audio podcast is available for subscription, download and streaming across all major podcast platforms such as Apple Podcasts, Stitcher, Spotify, TuneIn, RadioPublic and Google Play.

Ahead of the premiere of the brand new podcast, animation fans can listen to a trailer on Apple Podcasts.

The new podcast is produced by HowStuffWorks and Cartoon Network and is distributed by Turner’s Podcast Division – Turner Podcast Network, the podcast network encompasses all audio podcast content from Cartoon Network (including the successful Steven Universe Podcast), Adult Swim, CNN, Bleacher Report, TruTV, TNT and HLN. Turner’s podcasts reach an average monthly audience of over 7.2 million unique users and 11.7 million downloads.

From The Turner USA Press Release: Cartoon Network and HowStuffWorks Partner on New Podcast Drawn: The Story Of Animation

Cartoon Network, a global leader in animation, and HowStuffWorks, the largest for-profit podcasting network, have partnered on the new podcast Drawn: The Story of Animation, launching Tuesday, May 1st. The 11-episode audio podcast will be the definitive exploration of cartoons with an insider’s perspective. Show creators, voice actors and historians share their unique insights into the rich world of artistry that’s become a huge part of the entertainment landscape. Each episode will time travel to explore a bit of animation’s history and trace those roots to the stories being told by today’s artists.

Every week Drawn host, Holly Frey (Stuff You Missed in History Class) will focus on a core theme in the evolution of animation over the last century including music, consumer products, sound effects, and women in animation alongside general topics covering how cartoons get made, their cultural influence and more.

Guests joining Holly for a lively discussion over the eleven episodes include:

Eric Bauza: (Teenage Mutant Ninja Turtles)
Seth Green: (Robot Chicken, Family Guy)
Doc Hammer and Emmy® Award nominee Christopher McCulloch: (Venture Bros.)
Liz Harvatine: (Robot Chicken)
Mike Lazzo: (Executive Vice President & Creative Director, Adult Swim)
Vanessa Marshall: (Star Wars: Rebels, Regular Show)
Michael Ouweleen: (co-creator, Harvey Birdman; Chief Marketing Officer, Cartoon Network, Adult Swim & Boomerang)
Jennifer Pelphrey: (Emmy ® Award Winner Adventure Time, Steven Universe)
Ian Jones-Quartey: (OK K.O.!, Adventure Time)
Rob Sorcher: (Chief Content Officer, Cartoon Network Studios)
Tara Strong: (Ben 10, Teen Titans Go!, My Little Pony)
Rebecca Sugar: (Emmy ® Award nominee, The New York Times Bestselling author and creator of Steven Universe)
Billy West: (Futurama)

“As Cartoon Network continues to develop original content for all platforms, partnering with HowStuffWorks to showcase the evolution of animation is exactly the unique experience our fans have come to expect from us.” – Erik Resnick, Senior Vice President of Business Development for Cartoon Network, Adult Swim and Boomerang

The free audio podcast is available for subscription, download and streaming across all major platforms including Apple Podcasts, Stitcher, Spotify, TuneIn, RadioPublic and Google Play. In advance of next week’s premiere episode of Drawn: The Story of Animation, fans can preview the season with a newly released trailer now available on the podcast’s subscribe page here.

“We’re thrilled to be working with Cartoon Network on the new podcast, Drawn. At HowStuffWorks, we are fundamentally driven by creativity and great stories – and as we looked across different mediums, we felt like some of the best work being done today, period, was in animation. The more we dug into the space to tell the story, the more we realized the incredible history of how this medium has developed. Having Cartoon Network as a partner alongside us to tell that story is a perfect match.” – Conal Byrne, President, HowStuffWorks

Drawn is the second podcast in the last year from Cartoon Network, following the successful launch of the Steven Universe Podcast, now in its second season with over 500,000 downloads.

Hosted by HowStuffWorks’ Holly Frey, Drawn: The Story of Animation is produced by HowStuffWorks, executive produced by Cartoon Network and distributed by Turner Podcast Network.

Cartoon Network’s podcasts are part of the Turner Podcast Network alongside other high profile branded podcasts from CNN, Bleacher Report, TruTV, TNT, HLN and Adult Swim. The Turner Podcast Network was created to implement a portfolio-wide network that centralizes production, distribution and sales for all Turner podcasts in order to develop and launch new branded podcasts across Turner’s news, kids and entertainment brands. Turner’s podcasts reach an average monthly audience of over 7.2 million unique users and 11.7 million downloads.

YouTube TV USA Adds Turner Networks Including Cartoon Network And Adult Swim

YouTube TV USA Adds Turner Networks Including Cartoon Network And Adult Swim

YouTube TV USA Adds Turner Networks Including Cartoon Network And Adult Swim

YouTube’s live television subscription service in the United States – YouTube TV has added several channels in Turner USA’s broadcasting portfolio including children and young adult networks Cartoon Network and Adult Swim; general entertainment channels TNT, TBS and truTV; news channels CNN and HLN and movie archive channel – TCM. YouTube TV is planning to expand into the top 100 television markets in the United States. YouTube TV will be raising the subscription to $40 a month for new subscribers from 13th March, for the meantime existing subscribers will continue paying $35 a month.

YouTube TV’s new markets are as follows: Honolulu, Hawaii; Lexington, Kentucky.; Dayton, Ohio; El Paso, Texas; Burlington, Vermont; Plattsburgh, New York.; Richmond, Virginia; Petersburg, Virginia; Mobile, Alabama; Syracuse, New York; Champaign, Illinois; Springfield, Illinois; Columbia, South Carolina; Charleston, South Carolina; Harlingen, Texas; Wichita, Kansas; Wilkes-Barre, Pennsylvania; and Scranton, Pennsylvania.