AT&T SVP and CFO John Stephens said growing WarnerMedia and extracting savings from the Time Warner merger are two of the giant’s key goals this year. He anticipates a sweeping realignment of WarnerMedia will cut costs, drive advertising and help leverage content across film and television. And Warner Bros. boss Kevin Tsujihara will absorb Cartoon Network, Adult Swim, Boomerang and Turner Classic Movies. DirecTV Now’s lineup currently includes HBO but AT&T is preparing to launch a new streaming service by year end built around the iconic network. AT&T and WarnerMedia are also planning to invest $150 million for original programming at HBO which will see a 50% bump in original content, according to The Verge.

Source: Forbes March 13, 2019 00:00 UTC