Warner Bros. TV Group’s president & chief marketing officer Lisa Gregorian to exit

Warner Bros. Television Group’s president & chief marketing officer Lisa Gregorian has become the latest senior exec to depart amid the major restructuring at WarnerMedia. Gregorian will be leaving the studio at the end of the year, when much of her remit – including marketing – will be taken up by Karen Miller, currently EVP of […]

AT&T completes $1.1bn sale of Nova TV & bTV owner CME

WarnerMedia owner AT&T has completed the $1.1bn sale of its stake in Central European Media Enterprises (CME), the group behind channels including bTV in Bulgaria and TV Nova in the Czech Republic. The deal, first revealed last year, will see Czech private equity firm PPF Group acquiring the majority stake held by AT&T, which had […]

WarnerMedia to cut thousands of jobs as part of cost-reduction plan

WarnerMedia is preparing to shed thousands of jobs as it restructures its operations, amidst the ongoing impact of Covid-19 on its business. The AT&T-owned media giant is looking to cut costs by as much as 20% over the coming weeks, with layoffs affecting its Warner Bros. studio operation and its channels brands, which include HBO, […]

HBO Max snags 4 million subs but WarnerMedia revenues fall 25%

AT&T reported a depressed Q2 with sales down across all of its sectors, but streaming service HBO Max has claimed a little over 4 million subscribers since launch.  The streamer rolled out in May and while the company did not give explicit subscriber numbers, AT&T CEO John Stankey did say that HBO Max and the […]

TBI Tech & Analysis: Breaking down the numbers for 2019/20

2019 might seem like a different world to the Covid-19 dominated landscape we live in today, but the flurry of annual results revealed by US and European majors over recent weeks have provided an illuminating set of insights into how the content business is changing. Tim Westcott and Kia Ling Teoh, analysts at TBI sibling […]

WarnerMedia owner AT&T names John Stankey as CEO

Randall Stephenson is to retire as AT&T CEO and will be replaced by president and chief operating officer John Stankey. Stephenson, aged 60, will step down from the role on July 1 but will remain executive chairman until January to ensure a smooth transition, the company said. AT&T is characterising Stankey’s appointment as the final […]

AT&T reveals stinging losses for WarnerMedia as pay-TV subs fall

AT&T has revealed stinging losses for its WarnerMedia division, just a day after unveiling the launch date for its new streamer HBO Max. The US telco giant said it had lost a little under 900,000 TV subscribers in Q1 2020 in a continued downward spiral for the operator. Announcing its quarterly results on April 22, […]

WarnerMedia to launch HBO Max on 27 May but without ‘Friends’ reunion

AT&T-owned WarnerMedia is to launch its new streaming service HBO Max in the US on 27 May, albeit without the much-talked about Friends unscripted reunion show, which has been hit by the production halt caused by Covid-19. The platform was unveiled in October complete with its top tier pricing, and will offer more than 10,000 […]

HBO Max costs AT&T $1.2bn after ‘Friends’ and others taken off US market

Soon-to-launch US streamer HBO Max has cost AT&T’s WarnerMedia over US$1bn in forgone revenue, the operator’s quarterly results have revealed. By ensuring content such as Friends could exclusively be streamed on the service, WarnerMedia missed out on over $1.2bn in licencing revenue during the quarter. The service also cost Warner $500m in lost Earnings before […]

WarnerMedia lifts lid on HBO Max, confirms plans for AVOD version

AT&T has officially lifted the lid on HBO Max, announcing that the streamer will launch in May 2020 at US$14.99 per month and confirming plans for an AVOD option.  The streamer will launch with 10,000 hours of content and, as previously reported, existing AT&T HBO customers and HBO Now direct-billed subscribers will receive the new […]

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