The deal helps Disney further control TV shows and movies from start to finish - from creating the programs to distributing them though television channels, movie theatres, streaming services and other ways people watch entertainment. Disney would get valuable data on customers and their entertainment-viewing habits, which it can then use to sell advertising.
AT&T bought Time Warner last year for $81bn and has already launched its own streaming service, Watch TV, with Time Warner channels such as TBS and TNT, among other networks, for $15 a month.
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