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

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

By Jill Goldsmith

June 17, 2020 | 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 so good,” promising to provide subscriber data on the next quarterly earnings call in July.

Speaking Wednesday at a CSFB Media conference, Stephens reiterated AT&T’s target of 50 million HBO Max subs over five years. He acknowledged production delays caused by COVID-19 caused some programming disruption but said Warner Bros.’ “100-year-old inventory” with shows from Friends to Big Bang Theory to cartoons provide a well of content to draw on.

Read more on Deadline.

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