4 Most Important Things in Business Today
AT&T Inc. (NYSE: T) will launch a three-tiered streaming service via its Time Warner division. According to The Wall Street Journal:
AT&T Inc., trying to reassure investors it can capitalize on its big acquisition of Time Warner, said it plans to offer three versions of a new streaming video service next year that will feature original movies and television series from Warner Bros., Turner and HBO.
The service, intended to help the telecom giant compete with new technology rivals like Netflix Inc. and a similar online system planned by Walt Disney Co., is part of AT&T’s venture into other fields aside from wireless and traditional pay-TV services.
Microsoft Corp. (NASDAQ: MSFT) has passed Apple Inc, (NASDAQ: AAPL) in market cap.
Netflix Inc. (NASDAQ: NFLX) has started to release movies in theaters. According to Bloomberg:
Netflix Inc. has an Oscar contender on its hands with “Roma,” a drama about a Mexico City family from Academy Award-winning director Alfonso Cuaron.
The company thought enough of the film to break with one of its foremost traditions: Netflix released “Roma” in theaters last week ahead of its online debut — anathema for the world’s biggest paid video-streaming service. But since then, the company hasn’t followed the typical playbook for promoting a likely Oscar winner.
Bitcoin fell 37% in November. According to CNBC:
The world’s largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk.
Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year.
The market capitalization of all major cryptocurrencies took a $70 billion hit for the month, according to CoinMarketCap.com.