Time's up for Time Warner!
AT&T has renamed their Time Warner acquisition to WarnerMedia and Warner is now a full business unit of AT&T.
All the media pundits are talking about the Disney/Comcast war for Murdoch's Fox and Sky companies, but what about the others?
Now that the AT&T/Time Warner merger has completed, could AT&T bid for Fox and Sky? AT&T wants international expansion and as the world's largest telco and now a large media company too, it has the cash to do it.
I've spoken about Sony earlier in this thread, still a huge media company with a studio and a record company, but unlike the Hollywood companies, Sony has a massive international presence being Japanese owned. They have a considerable presence in the UK and own more sat/cable channels than anyone else. Could Sony join the bidding war for Fox and Sky? Or, perhaps Sony might consider joining up with the loser of the bid to form another behemoth media company.
Netfllix's share price has surged to well over $400 again today with some analysts putting the SP at over $500. Netflix, by market cap, is officially the world's largest media company now. That's what all these media mergers are about.
Will anyone catch Netflix?