US: AT&T CEO comments on US$15/month streaming service during antitrust testimony

The CEO of AT&T, while on the witness stand and under oath in a courtroom, revealed a new AT&T streaming service called AT&T Watch. Designed for those who like to watch streaming television on their mobile devices, this will be a low-cost service priced at US$15/month. Unlike the carrier’s DirecTV Now streaming app, which is priced at $35/month, AT&T Watch will not carry any sporting events in order to keep the price down.

Stephenson was testifying during an antitrust trial that the Justice Department initiated to try and block AT&T’s proposed acquisition of TimeWarner. The executive was discussing the company’s streaming businesses and his hope that the company would continue to be an innovator in the sector. That is when he brought up AT&T Watch.

Spectators at the trial, including an AT&T spokesperson, were apparently caught off guard by Watch’s abrupt unveiling. AT&T has been wrapped up in an antitrust suit over its plans to purchase competitor Time Warner for $85 billion. The company has said it plans to restructure following the proposed acquisition, should it go through.

Full Content: Brink Wire

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.