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“#AT&T raises revenue forecast as HBO Max adds customers” AT&T raised its full-year financial forecast as the telecom giant added more phone customers and HBO Max subscribers than previously expected. AT&T has made strides during the pandemic, adding more wireless and internet customers as it unwound its media and entertainment unit, WarnerMedia, in order to…
“#How Stank steered AT&T into multibillion-dollar disaster” On Friday, May 14, just hours before the telecom and media world was turned upside down, the two men at the center of that upheaval, AT&T chief John Stankey and his deal-making wingman and former boss, Randall Stephenson, met for a quiet dinner in Dallas, the home of…
“#WarnerMedia-Discovery merger could save CNN’s Jeff Zucker: sources” David Zaslav — the always-working, fleece-wearing chief executive officer of Discovery — is expected to run the new media conglomerate he’s forming with AT&T with a little help from his friends. And that could lead to some of the top media executives who failed to thrive under…
“#HBO owner AT&T squeezed by losses in entertainment unit WarnerMedia” AT&T’s third quarter earnings were dragged down by the entertainment assets its recently acquired from Time Warner even as its new streaming service, HBO Max, continued to gain subscribers. The telecom giant behind Warner Bros. film studios and HBO said its profit for the three…
“#AT&T CEO John Stankey “Not Optimistic” About Future of Theaters – /Film” What does the future of theaters look like? That has been one of the resounding questions since the coronavirus (COVID-19) pandemic shuttered cinemas around the globe, with major markets in the U.S. still closed down amid surging cases across the country. According to…
“#HBO owner WarnerMedia reportedly planning thousands of job cuts” WarnerMedia, the entertainment division of AT&T, is readying to slash thousands of jobs to help reduce costs by as much as 20 percent, according to a new report Thursday. The division, which includes cable channels HBO, CNN, Hollywood studio, Warner Bros. and streaming service HBO Max,…
“#Sorry, ‘Tenet’ is Not Skipping Theaters and Going Straight to Streaming” In an ongoing global pandemic, some have wondered if Warner Bros. would stop messing around with shifting its theatrical release date for Christopher Nolan‘s Tenet and instead bite the bullet and drop the film directly onto the newly-launched HBO Max streaming service. But on…