Hot off the news that it is to launch a combined streaming offer in 2023, Warner Bros. Discovery has announced an agreement with US telco AT&T to offer its customers access to HBO Max. AT&T had been the owner of HBO Max until earlier this year, when it completed the US$43 billion sale of WarnerMedia […]
In its final quarter of owning WarnerMedia, AT&T reported positive performance of HBO and its big-budget streaming counterpart HBO Max. The brand added 3 million subscribers in Q1, to reach a total of 76.8 million. This represented a year-over-year increase of 12.8 million, in part thanks to the company’s controversial decision to release its 2021 […]
US telco AT&T looks set to exit the entertainment business after the completion of its sale of WarnerMedia to Discovery. The deal, which was approved by Discovery shareholders last week, will see Discovery merge with WarnerMedia to create Warner Bros. Discovery. The new company will house a content library of nearly 200,000 hours of programming, […]
Discovery’s shareholders have approved its acquisition of WarnerMedia. The US$43 billion deal, announced in mid-2021, will see the creation of Warner Bros. Discovery, a new standalone business which will house both company’s streaming businesses along with the iconic film studio Warner Bros. As previously announced, Discovery staged a special shareholders meeting on March 11 to […]
Discovery has scheduled a special shareholders meeting on March 11 to ratify its US$43 billion acquisition of AT&T’s WarnerMedia. The meeting will be held via webcast, but there is little doubt as to whether the measure will pass. Discovery’s biggest shareholders John Malone and Advance/Newhouse have already given the new company their seal of approval. […]
HBO and HBO Max added 4.4 million subscribers in Q4 2021, as parent company AT&T prepares for a future beyond the spin-off of WarnerMedia. Overall, the US telco experienced a solid quarter of subscriber growth across telephony, broadband and TV. The company added 884,000 phone subscribers and 271,000 fibre customers in the quarter. In terms […]
HBO and HBO Max ended 2021 with a cumulative total of 73.8 million subscribers, WarnerMedia has revealed in a regulatory filing. The total figure exceeds Warner’s guidance that the brands would be between 70-73 million subscribers by the end of 2021. It is up from the 69.4 million subscribers recorded in September. This number represents […]
WarnerMedia’s premium SVOD HBO Max recorded its most-viewed month to date in December, the streamer has revealed. The streamer attributed the success to its combination of HBO hit series, Warner Bros. movies and Max Originals. Chief amongst the former category was the season three finale of the critically acclaimed Succession. The finale delivered a series-high across […]
US telco AT&T has secured a favourable ruling from the US Internal Revenue Service (IRS) for its plan for a tax-free merger of its WarnerMedia unit with Discovery. The pair had previously announced that the merger would take advantage of a merger provision in US law that would ensure its tax-free status. AT&T will achieve […]
AT&T has finalised the sale of its Vrio business unit to Argentinian investment company Grupo Werthein. The deal, announced in July, sees AT&T sell off its Latin American DirecTV business unit. Vrio currently has 10.3 million subscribers across 11 countries in Latin America and the Caribbean. The operator provides live and on-demand video services via […]
