By Denise Petski
29.01.2020 - 15:11 / variety.com
AT&T’s top line was stung by its investment in HBO Max in the fourth quarter of 2019 to the tune of $1.2 billion in “foregone licensing revenues.” The telco also continued to see rapid deterioration in its pay-TV business, losing a total of nearly 1.2 million subscribers in Q4.
WarnerMedia — comprising Turner, HBO and Warner Bros. — saw Q4 revenue drop 3.3%, to $8.9 billion while operating income fell 9.5% to $2.4 billion. That included an estimated $1.2 billion in foregone licensing revenue
By Denise Petski
Even at AT&T's WarnerMedia, home to HBO and Game of Thrones, cable is no longer king.As WarnerMedia prepares to launch its streaming service HBO Max in May, the company has shifted resources from its cable networks to invest in online originals.
As production began Thursday night in Stamford, Conn., on the new HBO Max ballroom voguing competition series “Legendary,” producers confirmed the role of “The Good Place” star Jameela Jamil on the show.
By Anthony D'Alessandro
HBO Max has released a statement following significant backlash to its announcement that “The Good Place” star Jameela Jamil had been tapped to MC and judge its ballroom voguing competition series “Legendary.”
Warner Bros. Pictures and HBO Max have formed a new film production label that will focus on releasing eight to 10 midbudget movies per year via the company's new streaming service, which is set to launch in May in the U.S.The creation of Warner Max is designed to encourage collaboration and the sharing of resources across two titan divisions, it was was announced Wednesday by Warner Bros.
Warner Bros. Pictures and HBO Max formed a new film label, titled Warner Max, that will generate eight to 10 mid-budget films per year for WarnerMedia’s new streaming service.
By Anthony D'Alessandro
HBO Max has announced that actress Jameela Jamil will serve as MC and judge on “Legendary,” the streaming service’s upcoming unscripted competition series.
By Jill Goldsmith
In 2016, when AT&T revealed its intention to pay $85 billion for Time Warner, it said the deal would "enhance its revenue and earnings growth profile." Shortly after the merger closed in June 2018, AT&T CEO Randall Stephenson predicted TV subscribers would expand "over the next couple of years."But Jan.
Following a thunderstorm of Oprah Winfrey-related controversy and a successful Sundance Film Festival premiere, “On the Record” has secured domestic distribution at HBO Max.
Disney has Wall Streeters and the industry eagerly awaiting the company’s quarterly earnings announcement on Tuesday, which will include the first official subscriber numbers for the Disney Plus streaming service.
Telecom giant AT&T on Wednesday reported its fourth-quarter financials, disclosing that it lost 219,000 subscribers at its AT&T TV Now streaming service in the period and945,00 premium TV subscribers at DirecTV and U-Verse, with WarnerMedia earnings in the quarter down amid investment and foregone revenue tied to HBO Max.AT&T CFO John Stephens on an earnings conference call said that financial hit would continue as the company nears the May launch of HBO Max.
The march to the launch of HBO Max in May is driving changes across WarnerMedia.
Rosario Dawson has been cast as the lead in the upcoming HBO Max pilot “DMZ,” which has Ava DuVernay on board as a director and Roberto Patino in place as writer-showrunner.
By Dino-Ray Ramos
The British royal family is coming to HBO Max! Well, sort of.
Netflix beat its forecast for overall subscriber additions for the fourth quarter of 2019, while it brought in fewer than expected U.S. streaming customers.
By Nellie Andreeva, Denise Petski