AT&T Inc. (NYSE:T) Seeking To Sell Its Anime Service To Sony Corp (NYSE:SNE)

AT&T Inc. (NYSE:T) is seeking to sell its anime service for $1.5 billion to Sony. AT&T, which is based in Dallas, has been in talks to sell WarnerMedia’s Crunchyroll to Sony. According to sources close to the matter, the price quoted by AT&T is likely to be a sticking point compared to similar deals.

According to sources close to the matter, plans to sell Crunchyroll had been put off and only resumed in the last year.

AT&T is moving to cut operational costs

AT&T’s move to sell Crunchyroll is its latest move to trim down operational costs. The company implemented a number of measures to bring its costs down. AT&T announced massive layoffs that started last week at WarnerMedia. The layoff is in response to drop in revenue at the WarnerMedia segment.

To further cut costs and generate income, AT&T is mulling selling Warner Brothers’ gaming unit to potential clients like Activision Blizzard, Inc. (NASDAQ: ATVI), Electronic Arts Inc. (NASDAQ: EA), and Take Two Interactive. It is said that AT&T is asking $4 billion for the gaming unit.

Pascal Desroches, AT&T’s Chief Financial Officer, recently told employees that the telecommunication company will be selling the CNN Center in Atlanta. The move to sell the CNN Center is part of the company’s strategy to centralize its employees following the acquisition of Time Warner Inc.

In response, WarnerMedia, AT&T’s entertainment unit, announced that it will shift most of its 1,200 employees working at the center to its Techwood campus in Atlanta in an exercise that is likely to take a couple of years.

AT&T promo video leaks Samsung Galaxy Note 20

A promotional video by AT&T has leaked the Samsung Galaxy Note 20. The video, which also features Note 20’s larger sibling, the Galaxy Note 20 Ultra, was leaked just a day before their expected launch at Samsung Unpacked 2020.

According to the video, the two phones will be powered by a Qualcomm Snapdragon 865+ chip and come with an improved S Pen. In addition, the video says the Note 20 Ultra will come with a 6.9-inch Infinity-O dynamic AMOLED display. On the other hand, Note 20 will include a 6.7-inch super AMOLED display.