The streaming service is facing increased competition in the on-demand video space and is likely to face major headwinds.

The telecom giant is hoping that the merger will pave the way for it to start a competition with major streaming platforms such as Netflix and Disney.

The music streaming service said it lacks the resources needed to properly validate and review ad political content.

Some of the major tech companies in the world are already investing big bucks towards the development of cloud-based gaming services, and here are the big names.

Disney will now consolidate a significant amount of content under one corporate roof, including titles such as "Cinderella," ''The Simpsons," ''Star Wars" and "Dr. Strange".

The company is planning to launch an online streaming service for which it has spent over $1 billion on new content, signing with names such as Oprah, Reese Witherspoon, Steven Spielberg and more.