AT&T CEO: Our proposed $85 billion Time Warner deal is aimed at competing with Netflix and Amazon

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AT&T Chairman and CEO Randall Stephenson said it makes no sense for the government to oppose the telecommunications giant's $85 billion buyout of Time Warner on the grounds that content distributors and content creators under the same umbrella would be anti-competitive.  He said major technology firms such as Netflix and Amazon are allowed to do the same thing. "Reality is, the biggest distributor of content out there is totally vertically integrated. This happens to be something called Netflix. But they create original content; they aggregate original content; and they distribute original content. They have 100 million subscribers," Stephenson said. "Look at Amazon. They're doing the exact same thing. Amazon Studios, creating, aggregating, distributing; Google, YouTube, Hulu, this thing is prolific."


AT&T CEO: Our proposed $85 billion Time Warner deal is aimed at competing with Netflix and Amazon