AT&T Launches $500M Joint Venture To Invest In The Next Netflix

There’s a new $500 million pool of potential capital floating around earmarked for the creation of over-the-top video services, thanks to AT&T and Chernin Group, who have collaborated on the new venture (via GigaOM). The team-up aims to pool resources from the two companies to “acquire, invest in and launch” OTT video services, including subscription VOD businesses that… Read More

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