AT&T CFO John Stephens On HBO Max, Shuttered Production, Asset Sales & Debt

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AT&T CFO John Stephens On HBO Max, Shuttered Production, Asset Sales & Debt
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AT&T chief financial officer John Stephens said the WarnerMedia parent is “optimistic” about HBO Max three weeks after launch and called the streaming service “a multi-year process, and so far …

three weeks after launch and called the streaming service “a multi-year process, and so far so good,” promising to provide subscriber data on the next quarterly earnings call in July.

HBO Max will help “refine” and “refresh” the HBO customer base and it “let’s us go international,” he said. “We are pleased [Hulu founder] Jason Kilar is taking the lead at WarnerMedia. He is very experienced in OTT products and launches and a strong addition to an already very strong team. We are optimistic. We remain optimistic.”

“Quite frankly [at] the studio, production has really been on hiatus and while [agreement on restarting is closer] … we haven’t yet started production in the studio out of Burbank. We will see a delay, a push back in some of the productions coming out of the studio. … I would have expectedmoving to direct to consumer. So we not only have those changes, we are learning from them and working with theaters owners” and exploring “changes to our schedules and our approach.

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