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AT&T and Time Warner Deal Shows 'Content Is King'

AT&T's proposed $85 billion acquisition of Time Warner shows how powerful content creators are, according to one expert.
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AT&T's (T) - Get Report proposed $85 billion acquisition of Time Warner (TWX) shows how powerful content creators are, according to one expert. Josh Mahony, a market analyst with IG Markets, based in London, says the deal reflects the desire for media companies to compete with streaming giants Netflix (NFLX) - Get Report and Amazon (AMZN) - Get Report . He sees the deal as reminiscent of Comcast's (CMCSA) - Get Report 2011 acquisition of NBCUniversal. The AT&T-Time Warner acquisition must be approved by regulators. Republican presidential nominee Donald Trump said he would block the deal if he were in office. TheStreet's Scott Gamm reports from Wall Street.

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