Netflix and Hulu will have to wave goodbye to Friends, ER, and Seinfeld in the near future. AT&T CEO Randall Stephenson said his company would be pulling TV shows and movies from rivals for its own streaming service, which is slated to launch later this year.
AT&T purchased Time Warner (now
Warner Media) last year, putting them in control of a media conglomerate that
includes the likes of HBO, TBS, and Warner TV.