AT&T Goes OTT
American TelCo AT&T has promised to invest heavily into ultra-fast broadband speeds of up to 1GBps. Now, to go along with this infrastructure investment, they have announced a $500M partnership with content specialist TCG (The Chernin Group), aimed at launching OTT video for broadband and mobile customers.
Last year, the two companies partnered in a failed bid for catch-up TV service Hulu, now it seems as though they’re launching a new attempt to capitalize on the recent surge of OTT services like Netflix, by “acquiring, investing in and launching services”, which will be both subscription-based and ad-based.
Crunchyroll, a subscription-based streaming service specialized in asian content, which is run by TCG, is part of the deal.
Read more at The Wall Street Journal.