Another strong quarter for WarnerMedia’s HBO/HBO Max has resulted in AT&T raising its global year-end subscriber forecast for the services to 70-73 million.
WarnerMedia and Discovery to merge
AT&T and Discovery have entered into a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses.
AT&T to spin off DirecTV
Private equity company TPG Capital is to become a 30% shareholder in a new video unit being established by AT&T.
US senator questions CME sale to PPF Group
The US Republican senator Marco Rubio has called for a review of AT&T’s upcoming sale of Central European Media Enterprises (CME) to the Czech-owned PPF Group.
AT&T goes high on HBO Max pricing
AT&T’s new streaming service HBO Max will be priced at $15 per month, significantly higher than rivals Disney and Netflix, but at the same level as subscribers pay for the existing HBO service.
Epix launches on AT&T TV Now
Epix, the premium TV network owned by Metro Goldwyn Mayer (MGM), has launched on the AT&T TV app, the company’s streaming service, for $6 per month.
Hulu buys back AT&T stake
AT&T has sold its minority stake in Hulu back to the streaming video joint venture.
Update: WarnerMedia denies HBO Europe sale report
WarnerMedia has denied a report in the Financial Times that AT&T is looking into the possibility of selling HBO Europe in order to reduce a debt of $170 billion.
DirecTV to abandon satellite in favour of OTT
DirecTV owner AT&T says it’s done buying satellites, marking a switch to OTT delivery.
WarnerMedia to offer three-tiered streaming service
WarnerMedia will release three different versions of its upcoming streaming TV service next year.