The big bet: AT&T is re-aligning WarnerMedia around the future of media consumption with a goal of 70M subscribers for its new streaming service.
The challenge: Getting Warner Brothers, Turner and HBO to work together.
Quote from John Stankey — CEO @ WarnerMedia:
“Media has moved into an environment where scale is essential… Somebody in the legacy media space will build a platform of scale and get to 70 million to 80 million subscribers. We’d like it to be us. If you keep the cultures separate, you’ll never get the benefits the three together bring.”
Projected pricing for WarnerMedia streaming service vs. current price for HBO Now:
1) WarnerMedia — $15–18
2) HBO Now — $15