What is the basis for Competitive Advantage in entertainment industry?

Case Questions:
Q01: What is the basis for Competitive Advantage in entertainment industry? Are convergence and vertical integration still important in entertainment industry?
Q02: How did AT&T become a diversified company? What was the rationale for entering the entertainment sector? Was it a good choice?
Q03: Evaluate AT&T corporate strategy? Is it going in the right direction?
Q04: What should AT&T do?

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