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Report: AT&T Seeking Buyer for WarnerMedia Unit Rooster Teeth

Is a media-heavy telecom giant about to hive off one of its content producers? On Friday Bloomberg, citing “people familiar with the matter,” wrote that AT&T (NYSE: T) is actively searching for potential buyers for Rooster Teeth Productions, part of its WarnerMedia entertainment arm. Rooster Teeth, which was founded in 2003, is a video production company based in Austin, Texas, that makes a variety of both animated and live-action content.