Machinima Ceases Operations, Lays Off Virtually Entire Staff After Merging With AT&T’s Otter Media (EXCLUSIVE)
Todd Spangler
February 1, 2019 2:25PM PST
6 replies (most recent on top)
I am not sure why Time Warner even purchased that company, they we already on the way out by 2016. It will be interesting to see if anyone tries to do anything with that pile of content, or if it will just be deleted from the internet forever........
Management does not have a clue, Randall is saying now that "5G iwill be n the next 3 to 5 years"?, LOL keep buying time and not showing anything for it, excerpt taken form the from the :101 used car sales manual.
Machinima was likely to go anyway. As background, Machinima was a Time-Warner owned company prior to the merger.
AT&T is going to get rid of stuff that doesn't make money. That's Machinima. That's landline too, but there is a lot of regulation getting in the way.
Stock price has been hit but dividends support a bottom. They said years ago that as the high margin legacy business disappeared we would see the numbers hit like this.
We are in a new type of business cycle "short time gains", during the analyst call no one challenged, AT&T CEO, when he said "we are on target Reducing debt", it is distutbing that from the 3 companies combined, T successfully had destroyed the value of most if not all the entities it acquired over the years, , Next is Time Warner!
AT but it isn’t growing – profit and revenues are shrinking. I don’t know why the market isn’t more concerned.”