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HBO Max and HBO Hit 76.8M Global Subs, and 48.6M in U.S., in Final AT&T Disclosure

HBO and its HBO Max streaming service ended March with 76.8 million global subscribers, an increase of 3 million after hitting 73.8 million subscribers as of the end of 2021. Telecom giant AT&T disclosed the user gains — which marked a contrast to Netflix’s subscriber loss in the first quarter that led Wall Street analysts […]

Warner Bros. Discovery Sets May 18 Upfront at Madison Square Garden

It’s official: With the merger done, Warner Bros. Discovery will hold a combined upfront presentation that will see the company sell all of its media brands, from HBO Max, TNT and TBS, to HGTV, Discovery and Food Network. The company will make its presentation on Wednesday, May 18, at The Hulu Theater at Madison Square […]

AT&T CEO John Stankey Bids Farewell to WarnerMedia Staff in Memo: “I Offer My Heartfelt Thanks”

With the WarnerMedia-Discovery merger on the cusp of closing, AT&T CEO John Stankey sent a farewell memo to WarnerMedia employees Friday, commending them for their work, and wishing them well under the new leadership of incoming Warner Bros. Discovery CEO David Zaslav. “You are to be congratulated and commended. The road wasn’t easy or clear,” […]

David Zaslav Names His Top Warner Bros. Discovery Executives

With the $43 billion Warner Bros. Discovery megamerger about to be completed, CEO David Zaslav has unveiled more key executive appointments for the combined company. The industry veteran confirmed that trusted, longtime Discovery top executives will take on key jobs at the merged conglomerate, while WarnerMedia-side entertainment leaders Casey Bloys (HBO and HBO Max), Channing […]

WarnerMedia’s Top Corporate Execs Cleared Out Ahead of Discovery Deal Close

As the merger between WarnerMedia and Discovery is expected to close as early as this Friday, nine top corporate executives at WarnerMedia — including HBO Max chief Andy Forssell, chief revenue officer Tony Goncalves, chief technology officer Richard Tom and chief financial officer Jennifer Biry — will exit the company, a WarnerMedia spokesperson told The […]

WarnerMedia OneFifty, Banijay Americas Team for Unscripted TV Incubator (Exclusive)

WarnerMedia OneFifty and Banijay Americas are partnering for a new program to incubate docuseries projects from creators with “authentic visions and perspectives” and “strong cultural aesthetics,” the two studios have announced exclusively to The Hollywood Reporter. “We are delighted and excited to partner with Banijay Americas on this exciting new venture,” WarnerMedia OneFifty head Axel […]

Ann Sarnoff Exiting Warner Bros. When Discovery Deal Closes

Ann Sarnoff, the chair and CEO of WarnerMedia Studios and Networks Group, is exiting the company as AT&T spins off its entertainment division to Discovery in a $43 billion megamerger. “I want to thank Ann for all of her leadership during a transformational period for the company and our industry,” said David Zaslav, incoming CEO […]

What’s Next for Jason Kilar After WarnerMedia: “There’s No Retiring in My Plans”

About two years after AT&T named him CEO of WarnerMedia, Jason Kilar told staff at the entertainment giant on Tuesday that he was leaving when the company’s merger with Discovery closes. The executive’s tenure featured innovation, such as the launch of HBO Max and hybrid movie releases, but also drama and heated debate. He faced […]

WarnerMedia CEO Jason Kilar Exiting When Discovery Deal Closes

WarnerMedia CEO Jason Kilar will depart as the AT&T entertainment unit’s merger with Discovery closes. “With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company,” Kilar wrote in an internal memo to staff on Tuesday. “There are many […]

AT&T CEO John Stankey’s Pay Rises to $24.8M in 2021

AT&T CEO John Stankey made $24.8 million in 2021, compared with $21 million in 2020 and $22.5 million in 2019, according to the company’s filing with the Securities and Exchange Commission unveiled on Tuesday. Stankey received a base salary of $2.4 million last year, compared to $2.05 million in 2020. His stock awards in 2021 […]

AT&T Names Warner Bros. Discovery Board Appointees, Including Ex-BET Chief Debra Lee

Telecom giant AT&T has named its seven board directors for Warner Bros. Discovery, a key step as its spins off WarnerMedia to merge with Discovery. The seven directors chosen by AT&T — with Discovery Inc. set to appoint six directors of its own to the new company’s board — include former BET Networks chair and […]

AT&T Chose WarnerMedia Spinoff for Discovery Merger to Avoid Discounting Stock, CFO Says

Telecom giant AT&T chose to spin off, rather than split off, WarnerMedia in a key step of the entertainment unit’s merger with Discovery to avoid having to “really discount” the merged Warner Bros. Discovery’s stock, AT&T CFO Pascal Desroches told investors Monday. The executive also told the Deutsche Bank Media, Internet & Telecom Conference in […]