By the tip of 2019, AT&T plans to roll HBO, Turner, and Warner Bros. content material into one large streaming service to battle the likes of Netflix. John Stankey, the CEO of AT&T’s WarnerMedia, showed the scoop after a memo detailing the corporate’s plans leaked to CNN’s Brian Stelter.
AT&T obtained Time Warner in June after successful a prison problem from the U.S. Department of Justice, straight away turning the telecom into a primary media conglomerate. Time Warner owns HBO, Warner Bros. studios, and Turner, which itself owns a slew of cable channels together with CNN, TNT, and TBS.
While AT&T hasn’t mentioned pricing or a title for this new service, Stankey stated it’ll come with HBO programming plus library content material from Turner and Warner, such because the Harry Potter movies and The Big Bang Theory. It won’t come with CNN’s information protection, and Stankey’s memo discussed the want to “supplement our wholesale distribution.”
Essentially, AT&T will attempt to thread the needle of interesting to cord-cutters with out angering its cable and satellite tv for pc distribution companions. That’s precisely the problem Disney is dealing with because it launches its personal direct-to-consumer streaming plans, together with ESPN+ and the Disney-branded service coming subsequent yr.