Sharing ‘Friends’ With Rival Netflix Makes Sense, AT&T CEO Says
"Friends"
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AT&T Inc. Chief Executive Officer Randall Stephenson revealed more of his plans for how his media empire WarnerMedia will play with partners and rivals like Netflix, and it starts with “Friends.”
AT&T renewed a licensing deal with Netflix Inc. for the popular sitcom, adding a provision that the telecom company can put the show on its streaming service due out next year and collect revenue from the property.