Busi­ness briefs

Texarkana Gazette - - BUSINESS -

NEW YORK—AT&T and Warn­erMe­dia are join­ing the ever-ex­pand­ing list of com­pa­nies of­fer­ing a stream­ing video ser­vice.

They say the ser­vice due to launch in late 2019 will in­clude films, TV shows, doc­u­men­taries, an­i­ma­tion and other of­fer­ings. No pric­ing was an­nounced.

It’s the sec­ond prod­uct AT&T has un­veiled since its $81 bil­lion ac­qui­si­tion in June of Time Warner, which it re­named Warn­erMe­dia. That same month it launched WatchTV, a ca­ble­like pack­age of more than 30 TV chan­nels de­liv­ered over the in­ter­net.

More peo­ple are switch­ing to stream­ing video from tra­di­tional ca­ble bun­dles. Other stream­ing ser­vices in­clude Net­flix, Hulu, HBO Now, CBS All Ac­cess, Show­time, Ama­zon, YouTube Pre­mium and oth­ers. And Dis­ney is set to launch its own ser­vice later next year as well.

While de­tails about the ser­vice have not been an­nounced, Warn­erMe­dia has me­dia prop­er­ties in­clud­ing HBO, which of­fers its own stand-alone stream­ing ser­vice that car­ries pop­u­lar shows like “West­world” and” Game of Thrones.” Other prop­er­ties in­clude Warner Bros. movie stu­dio, D.C. Comics and Turner Broad­cast­ing. WASH­ING­TON—U.S. whole­sale prices rose a mild 0.2 per­cent last month, held down by lower food and en­ergy costs, sug­gest­ing that in­fla­tion re­mains in check de­spite the econ­omy’s ro­bust growth.

The La­bor De­part­ment said Wed­nes­day that its pro­ducer price in­dex—which mea­sures in­fla­tion be­fore it reaches con­sumers—rose 2.6 per­cent com­pared with a year ear­lier, the small­est in­crease since Jan­uary. Whole­sale prices rose in Septem­ber af­ter two months of flat or de­clin­ing read­ings.

Ex­clud­ing the volatile food and en­ergy cat­e­gories, core whole­sale prices rose 0.2 per­cent in Septem­ber and 2.5 per­cent from a year ear­lier.

In­fla­tion has crept higher this year, erod­ing the value of Amer­i­cans’ pay­checks. Yet core prices re­main close to the Fed­eral Re­serve’s tar­get of 2 per­cent and have yet to show signs of rapid ac­cel­er­a­tion.

There were some signs of ris­ing costs in Wed­nes­day’s re­port: Trans­porta­tion and ware­hous­ing prices rose 1.8 per­cent, the largest monthly gain in nearly nine years. The in­crease was mostly driven by higher whole­sale prices for air­line tick­ets, which jumped 5.5 per­cent, the big­gest in­crease in a decade.

Whole­sale food costs fell 0.6 per­cent last month and gas prices dropped 3.5 per­cent, de­clines that could lower con­sumer prices in the com­ing months.

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