WarnerMedia’s Jason Kilar to remain with company until close of merger

WarnerMedia CEO Jason Kilar has put an end to speculation about his future at the US-based entertainment giant, telling employees at a town hall this week that he will remain with the company at least until the early part of 2022. His announcement came following reports that he was negotiating his way out of the company after […]

AT&T boss talks Discovery-Warner deal, commits to refocus on US telecoms

It is “time to unleash’ WarnerMedia’s assets, AT&T’s CEO John Stankey has said. Speaking at the JP Morgan Global Technology, Media and Communications Conference, Stankey said that AT&T’s focus on its connectivity business in the US led the telco to decide that it didn’t have the global reach to grow an international streaming business. This […]

HBO Max with ads to launch in June at US$9.99 per month

WarnerMedia has announced that a cheaper ad-supported tier of HBO Max will launch in June at US$9.99 per month. Confirming previous reports from last month, WarnerMedia announced the move at its 2021 Upfront.  The company said that HBO original shows – such as iconic hits like Game of Thrones and current standout series such as Mare […]

Discovery CEO Zaslav renews contract following mega merger

Discovery CEO David Zaslav has extended his contract with the company through to the end of 2027. The contract renewal comes after it was announced that the exec will helm the proposed new company that will house Discovery and WarnerMedia, announced earlier this week. The new company’s Board of Directors will consist of 13 members, […]

WarnerMedia CEO Jason Kilar reportedly negotiating exit following mega merger announcement

Jason Kilar, the CEO of WarnerMedia, is reportedly negotiating his way out of the company after being frozen out of merger talks between AT&T and Discovery. The industry was stunned when, seemingly out of nowhere, AT&T announced that it is spinning off WarnerMedia and its associated entertainment assets into a standalone company with Discovery. This […]

AT&T to spin off media assets including HBO Max to standalone business with Discovery

Discovery and AT&T have struck a definitive agreement to combine WarnerMedia’s  entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a standalone global entertainment company. Under the terms of the agreement, AT&T would receive US$43 billion, subject to adjustment, in cash, debt securities, and WarnerMedia’s retention of certain […]

WarnerMedia touts high ARPU as HBO Max closes in on 10 million subs

HBO Max is approaching 10 million subscribers as it comes up to one year on the market. WarnerMedia confirmed that it had added 2.8 million subscribers during the quarter to a total of 9.7 million HBO Max retail subscribers. This is up from 6.9 million at the end of 2020. The 9.7 million total does […]

Zack Snyder’s Justice League release sees groundswell for HBO Max

WarnerMedia’s decision to give into fan demand to #ReleaseTheSnyderCut has been met with a drastic increase in downloads for HBO Max. The release of the four-hour director’s cut of superhero movie Justice League came after a year’s long campaign from fans and Snyder himself, and HBO Max has been rewarded for its investment. According to […]

AT&T takes huge DirectTV hit as it spins-off video businesses 

AT&T has announced plans to spin-off its video businesses, including DirecTV, into a new company worth a fraction of what it paid for the troubled satellite provider. The new business, currently referred to as New DirecTV, will house DirecTV, AT&T TV, and U-Verse. AT&T will hold a 70% stake in the company, while investment firm […]

HBO Max rebound boosts AT&T results

WarnerMedia streaming service HBO Max had 37.7 million US subscribers at the end of the year, with HBO customers taking the overall HBO subscriber total to 41.5 million. HBO Max’s total compares with 28.7 million at the end of September. Total HBO and HBO Max subscribers worldwide now number 61 million. Parent company AT&T, reporting […]