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AT&T will pull shows like 'Friends' from streaming rivals

Stephenson didn't name specific shows that would make the leap, although it's not hard to see likely candidates. Netflix's extended Friends deal only lasts through 2019, while WarnerMedia's service is expected to debut in beta by late 2019. Stephenson also named shows like Big Bang Theory and Seinfeld as strong suits.

This was somewhat expected. However, there's still something of a gamble involved. Much like Disney+, AT&T is betting that customers will follow shows and pay for one more subscription service to ensure they get everything. But that's not guaranteed -- there are already signs of people suffering from subscription fatigue and either limiting what they watch or turning to piracy. AT&T may still have to work hard to show that WarnerMedia is worth the outlay when many people are fine with sticking to the likes of Amazon or Netflix.

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