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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T    T

AT&T

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AT&T : raises another streaming services prices

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03/23/2019 | 07:33am EST

One week after AT&T raised prices and cut channels from DirecTV Now, AT&T-owned Crunchyroll has announced its own price hike. The anime streaming services ad-free plan now costs $8 per month (or $80 per year) for new subscribers, up from $7 per month (or $70 per year) previously. Current monthly subscribers will pay the higher price after three more months, and yearly subscribers will be grandfathered for another year, TechCrunch reports. Crunchyroll will continue to offer an ad-supported plan with a more limited content selection.

In a statement to TechCrunch, Crunchyroll said the price hike is due to rising costs of content and infrastructure, and will allow the service, which claims to offer 90% of the worlds anime, to provide even more. The service has 2 million paid subscribers and 12 million monthly active users.

Still, this isnt a great look for AT&T, which just announced $10 per month price hikes for current DirecTV Now subscribers, alongside new plans that offer fewer channels at higher prices than the plans theyre replacing. When AT&T was trying to get its Time Warner acquisition approved in court last year, the company had promised that it would lower prices instead.

(c) 2019 Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -0.16% 38.25 Delayed Quote.-2.12%
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Financials (USD)
Sales 2020 182 B
EBIT 2020 31 874 M
Net income 2020 19 375 M
Debt 2020 148 B
Yield 2020 5,46%
P/E ratio 2020 14,0x
P/E ratio 2021 12,7x
EV / Sales2020 2,34x
EV / Sales2021 2,30x
Capitalization 278 B
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Last Close Price 38,25  $
Spread / Highest target 25,5%
Spread / Average Target 4,76%
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NameTitle
Randall L. Stephenson Chairman & Chief Executive Officer
F. Thaddeus Arroyo CEO-Business Solutions & International
Jennifer van Buskirk Regional President-Northeast
David Christopher President-AT&T Mobility & Entertainment
John T. Stankey President & Chief Operating Officer
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