AT&T Abandons Its Hollywood Dreams

When AT&T bought Time Warner and DirecTV, it set out to build a media empire that could take on companies like Netflix and Disney. But after three years and a $100 billion price tag, AT&T is giving up on that dream. WSJ's Marcelo Prince says without media assets, AT&T is back to being the utility it once was. Learn more about your ad choices. Visit megaphone.fm/adchoices