18 Jun HBO is getting a bigger budget under AT&T to challenge Netflix [Bloomberg]
By Gerry Smith and Scott Moritz
June 15, 2018 | HBO’s new owner is looking to devote more money to the network behind “Game of Thrones” and “Westworld.” John Stankey, the incoming head of AT&T Inc.’s entertainment division, plans to boost the service’s original-programming budget to keep pace with deep-pocketed rivals like Netflix Inc. AT&T took over HBO and the rest of Time Warner Inc. on Thursday after overcoming an antitrust battle.
“I fully expect we’re going to be investing heavier in content development ,” Stankey said in an interview.
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