AT&T May no longer want hbo maxBut the streaming platform is gaining traction with customers.
HBO and HBO Max, home to genre-bending franchises like “Game of Thrones” and “The Sopranos,” and Hollywood blockbusters like “Wonder Woman 1984,” has added 10.7 million subscribers in a single year, with 2.8 million coming in. . The three months ending in June, AT&T reported Thursday. Those figures include both HBO Max and HBO TV channels.
The company has 67.5 million subscribers to HBO and HBO Max, with 47 million in the United States. AT&T, which has struck a deal sell its media Businesses expect HBO and HBO Max to have 70 million to 73 million subscribers by the end of the year, higher than earlier estimates.
The most popular streaming service, Netflix, has 209 million subscribers, with about 66 million in the United States. It gained customers in the second quarter, but growth slowed significantly and it lost 430,000 customers across the US and Canada, an indication that cracks are visible In the longtime dominion of the dreamer.
Speaking on the wider streaming industry, Jason Keeler, chief executive officer of AT&T’s media arm, WarnerMedia, said in an interview: “The only thing I can promise you is change. There’s no doubt that change is going to happen.” is coming, and that is fitting because we live in a dynamic time.”
WarnerMedia, which includes CNN, Warner Bros. Film and Television Studios and Turner Cable Network, is to become the property of Discovery Inc., as will the Media companies are strangling each other In an effort to compete with Amazon, Apple, Facebook and Google. The deal, which is expected to close in the middle of next year, will create the second largest media business in the United States after The Walt Disney Company and ahead of Netflix and NBCUniversal.
Mr. Killer, Joe learned about acquisitions A few weeks before its announcement, the deal could be out of a job after it closes.
The two companies are prohibited from operating together unless the merger is approved by government regulators, which includes entering into any employment agreements. Nevertheless, such deals often involve tacit arrangements about leadership. Mr Killar said he had met socially with Discovery chief David Zaslav, but had not discussed the subject of his employment.
“David and I have known each other for a long time,” he said, “and I think it’s fair to say that we have a lot of shared respect.”
Mr. Killer, Joe took over the company Only 15 months ago, he said he had no plans to step down.
“There will be a point where I raise my head next year where I think about this topic,” he continued. “But I certainly don’t intend to do it until 2022.”
Mr. Killer, who was the founding chief executive of Hulu, is regarded as an iconoclast within Hollywood. In 2011, he expanded the industry with a now famous Manifesto on the Future of Entertainment This, to many, came as a sharp criticism of Hulu’s corporate ownership.
The Post banned traditional TV for running a lot of commercials. Mr. Killer also blasted the cable, predicting that viewers would eventually drop the expensive package.
After Mr. Killer joined WarnerMedia, he quickly reshuffled the executive ranks in an effort to streamline business and cut costs.
He then angered Hollywood (again) by breaking tradition and releasing Warner Bros.’s entire 2021 lineup of movies on HBO Max on the same day they were due in theaters. The move would have given back-end profits to some of Hollywood’s biggest players – the commissions that top-flight producers and stars earn based on box office receipts – but the company worked deals quickly to ensure that they were will be paid.
Unlike Netflix, Disney+ and HBO Max and other new entrants in streaming have legacy agreements with cable distributors and Hollywood studios that preclude a more complete approach to making movies and TV shows immediately available online.
For Mr. Killar, the move was not about upsetting Hollywood, but part of a larger strategy Swan HBO Max.
It seems to have worked. The release of big-screen shot glasses such as “Godzilla vs. Kong” on HBO Max helped increase the service’s customer roll.
Mr. Killer intends to maintain that strategy until 2022. Warner Bros. will release 10 movies exclusively for the streaming platform. And big-budget movies like “The Batman,” a reimagining of the comic book character starring Robert Pattinson, will have relatively small windows in theaters, 45 days before being shown on HBO Max, according to Mr.
“It’s very different from the way the world operates in 2019,” he said. “Ultimately, I think that when you think about it, change can be great not only for the customers, but also for the people we work with.”