HBO Max closed 2021 with 46.8 million domestic subscribers when combined with HBO, up 5.3 million over 2020, parent AT&T disclosed in its fourth-quarter earnings report. Overall subscribers were 73.8 million, as the company had indicated earlier this month. The company previously had not provided a domestic-international breakdown. Domestic revenue per subscriber was $11.15. AT&T
AT&T
Discovery, announced today that the European Commission has granted unconditional antitrust clearance of the company’s proposed acquisition of AT&T’s WarnerMedia business. “Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said Discovery CEO David Zaslav, who will be CEO of the combined company. “Today we move one important
AT&T is in talks to sell WarnerMedia’s celebrity gossip site TMZ to Fox, Deadline has confirmed, in yet another deal paring down the telco’s entertainment assets, one that comes as it prepares to spin off Warner and merge it with Discovery. That $43 billion-deal was announced in May and may not close until the middle
The FCC Wednesday announced fines totaling $9 million on 17 stations – or eight licensees – affiliated with Sinclair Broadcast Group for not negotiating retransmission consent agreement with AT&T in good faith. The so-called Forfeiture Order imposed a per-station penalty of $512,228 against each defendant “for willfully and repeatedly violating the Commission’s good faith negotiation standards,”
Exhibition ruled the stock market today after a long holiday weekend saw Paramount’s A Quiet Place Part II crush it, earning $57 million over four days. That’s not far from the $60 million that the John Krasinski-directed sequel was anticipated to do in its 3-day opening pre-pandemic, according to my colleague Anthony D’Alessandro. Shares of Paramount
In an hour-long press briefing, Discovery CEO David Zaslav and AT&T CEO John Stankey outlined plans for the companies’ $43 billion merger. “We’re going to be one company,” Zaslav said. “One company, one culture, one mission.” As to the timing of the deal, Stankey said he felt the entertainment portfolio had achieved “escape velocity” in
AT&T CEO John Stankey took a Godzilla vs. Kong victory lap Thursday as the film managed to storm the domestic box office and provide a solid boost for HBO Max. Subsidiary WarnerMedia’s strategy of releasing its 2021 slate day-and-date in movie theaters and on its new premium streaming service was highly controversial when announced last
On a combined basis, HBO and HBO Max added 2.7 subscribers in the first quarter, WarnerMedia parent AT&T reported. The solid returns on streaming helped the telco and media giant beat Wall Street expectations in the quarter. Adjusted earnings of 86 cents a share rose 2% and beat analysts’ consensus forecast of 86 cents. Total
Despite the industry dust-up over WarnerMedia’s controversial 2021 theatrical-HBO Max release strategy, according to AT&T CEO John Stankey, the move was “the right call,” essentially “using the unfortunate set of circumstances around the pandemic for an opportunity to make lemonade out of lemons.” When asked this morning on the Q4 earnings call about the long
John Stephens, the outgoing CFO of WarnerMedia parent AT&T, defended the company’s move to release its 2021 film slate concurrently on HBO Max and in theaters and cited Warner Bros. century-long relationship with Hollywood talent — with some disgruntled at the move and the way it was communicated. “We’ve got a long history of working