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AT&T Advertising Media The Almighty Buck Entertainment

AT&T Wants To Overhaul HBO, Says It Isn't Profitable Enough (arstechnica.com) 290

AT&T recently acquired HBO, as part of the Time Warner acquisition, "and it is already considering an overhaul that would see HBO produce more video that can compete for the attention of smartphone users," reports Ars Technica. "AT&T wants to boost revenue both in advertising and subscriptions, even if that means upending HBO's longtime strategy of producing a relatively small number of high-quality shows."

At a recent corporate town hall meeting, John Stankey, the longtime AT&T executive and new head of Warner Media, laid out the challenges and opportunities he saw for the network to around 150 employees. He said, in part: "It's going to be a tough year. It's going to be a lot of work to alter and change direction a little bit. [...] You will work very hard, and this next year will -- my wife hates it when I say this -- feel like childbirth... You'll look back on it and be very fond of it, but it's not going to feel great while you're in the middle of it. She says, 'What do you know about this?' I just observe, 'Honey. We love our kids.'" Audio of the meeting was obtained by The New York Times. From the report: The talk, held at HBO headquarters in New York City, was hosted by HBO CEO Richard Plepler. HBO must compete with smartphones for people's attention, Stankey said in this exchange with Plepler: "We need hours a day," Mr. Stankey said, referring to the time viewers spend watching HBO programs. "It's not hours a week, and it's not hours a month. We need hours a day. You are competing with devices that sit in people's hands that capture their attention every 15 minutes." Continuing the theme, he added: "I want more hours of engagement. Why are more hours of engagement important? Because you get more data and information about a customer that then allows you to do things like monetize through alternate models of advertising as well as subscriptions, which I think is very important to play in tomorrow's world."
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AT&T Wants To Overhaul HBO, Says It Isn't Profitable Enough

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  • by AlanBDee ( 2261976 ) on Monday July 09, 2018 @05:42PM (#56919896)

    sigh!

    • by JMJimmy ( 2036122 ) on Monday July 09, 2018 @06:14PM (#56920018)

      $4 billion profit on $2 billion investment per year isn't profitable enough?

      • well no - that pays for the acquisition cost - what's needed now is new revenue...
        • by JMJimmy ( 2036122 ) on Monday July 09, 2018 @07:18PM (#56920346)

          Acquisition was $80 billion... AT&T overpaid by $20 billion so it's got to get the money from somewhere I guess

          • recall what a disaster the AOL Time Warner merger was. I wonder if ATT Time Warner will be the same in a year or two. I simply can't imagine that many people watch tv and movies.
            • by DrXym ( 126579 ) on Tuesday July 10, 2018 @04:39AM (#56921806)
              The stupid part is that the AOL TW merger could have actually worked and had obvious synergies. AOL was a media delivery platform, Time Warner was the media, cable and broadband. AOL could have been iTunes. It could have been Netflix. It could have been Spotify. It had the nascent beginnings for these services in the likes of WinAmp, AOL Radio etc.

              But AOL ran its properties like silos and was crippled by lack of innovation or vision. Synergy to them was a few extra AOL keywords on some of its properties. This was a company so far up its own ass that it would run protracted marketing studies just to decide whether the fat AOL client should have 6 or 8 bookmark slots and relative support call costs from each.

        • well no - that pays for the acquisition cost - what's needed now is new revenue...

          You never need to pay for acquisition. Unless you destroy the companies you buy, they pay for themselves in that it makes your company's net worth increase by what you paid.

          The only point you would need to pay for it, is if you mess it up, and end up writing it off, but that is pretty rare.

          • by quintus_horatius ( 1119995 ) on Tuesday July 10, 2018 @11:04AM (#56923340) Homepage

            The purchased company always pays for the acquisition nowadays, and the sooner the better.

            A common strategy is to have the company you just purchased take out a bunch of debt in order to pay you back for the honor of being owned by you. They are then responsible for paying the debt back, while you walk off to the bank with your profit up front.

      • by Actually, I do RTFA ( 1058596 ) on Monday July 09, 2018 @07:01PM (#56920274)

        Yeah, it only has 30% of households in the US as subscribers (via teh AT&T CEO), which isn't enough. Also, just selling a product isn't enough. You need hours of engagement per day so you can collect data and deliver targeted advertisements. If there was a way to short just HBO, I'd do it in a heartbeat. It's going to lose a lot of money overspending for six years or so, and in doing so lose it's current subscriber base

        Figure it gets broken out in a firesale to Disney/Comcast in 2025.

      • by Rewind ( 138843 )
        Of course not! That is barely even Scrooge McDuck vault money. You can't expect AT&T execs to swim in that like plebs!
      • by n3r0.m4dski11z ( 447312 ) on Monday July 09, 2018 @11:50PM (#56921216) Homepage Journal

        They need to change something to make their own salaries worthwhile. No one gets bonuses for doing the exact same thing their predecessor has done.

  • by RickyShade ( 5419186 ) on Monday July 09, 2018 @05:43PM (#56919906)
    "OW! MY BALLS!" will premier on AT&T's HBO.
    • Re: (Score:2, Funny)

      by Anonymous Coward

      I heard they were in talks with Pewdiepie to get him on HBO

    • by nwf ( 25607 )

      We laugh, but based on the idiotic statements from Mr Stankey referenced in the excerpt above, I'd say we have pretty good odds of something like this show. I've heard pretty stupid things from executives before, but Mr Stankey is a cut above on the moron scale.

    • by elrous0 ( 869638 )

      In all fairness, the second season of "OW! MY BALLS!" was pretty good. It won six Emmys that year.

  • God damnit AT&T. (Score:5, Insightful)

    by Narcocide ( 102829 ) on Monday July 09, 2018 @05:43PM (#56919908) Homepage

    Overhaul your fucking network first. How come you can't provide more than 1 megabit of upload bandwidth even in the middle of the most densely-populated and theoretically profitable areas in the US? South Korea has 100 megabit synchronous fiber connections running to houses with dirt fucking floors! What the fuck is wrong with you assholes?

    • Re:God damnit AT&T. (Score:5, Interesting)

      by Anonymous Coward on Monday July 09, 2018 @06:25PM (#56920074)

      uploading is just for those evil pirates and server admins. good little consumers only CONSUME pre approved content.

      you're not being a good little consumer. a note has been made in your account.

    • Oh they could do that. If they wanted to. But why would they provide quality, when profitability is what they're really after.

      And why would they care that you're complaining? What are you going to do? Jump ship to TimeWarner Cable? HA! That's a laugh. (They were already bought out by Charter two years ago).

    • Re:God damnit AT&T. (Score:5, Interesting)

      by Tintivilus ( 88810 ) <tintivilus@[ ]tivilus.org ['tin' in gap]> on Monday July 09, 2018 @10:45PM (#56921066)

      Their service is great where they have competition. Speedtest.net just now showed 679 Mbps down and 776Mbps up on my advertised gigabit ($70/month) from AT&T in a neighborhood with multiple providers offering >100Mbps service

  • by StandardCell ( 589682 ) on Monday July 09, 2018 @05:50PM (#56919934)
    You will work very hard, and this next year will -- my wife hates it when I say this -- feel like childbirth... - you will work 80+ hour weeks for at least the next year with no additional bonuses for anyone lower than VP level, so good luck keeping your personal life intact!

    You'll look back on it and be very fond of it, but it's not going to feel great while you're in the middle of it. - if you don't get fired or quit, you get a gold star for making it through!

    She says, 'What do you know about this?' I just observe, 'Honey. We love our kids. - The kids are going to feel pain and stress to toughen them up and be ready for anything in the real world!

    (I wish the existing employees luck. Things were already insanely busy at HBO.)
    • by Anonymous Coward on Monday July 09, 2018 @06:14PM (#56920022)

      Yeah, this is a bonehead move. Anyone with talent is just going to pick up and leave to new, innovative competitors like Netflix. Or Amazon. Or Google. Or anyone else not run by some sluggish vertical monopoly willing fuck up a sure thing.

      HBO's properties will wither and die if mismanaged but there's no shortage of good companies willing to pay to crank out good content.

    • by Anonymous Coward on Monday July 09, 2018 @06:41PM (#56920172)
      And just like childbirth, someone else will do all the hard stuff while he takes all the credit.
    • by Maxo-Texas ( 864189 ) on Monday July 09, 2018 @07:21PM (#56920356)

      I've heard these speeches before. They often proceed layoffs the second year.
      So the company works you to death (in our case literally for one person and non-fatal heart attacks for five others plus the one unconscious contractor who we never found out what happened) and to divorce (a half dozen divorces) and *then* laid 95% of the staff off .

      HBO is going to suck terribly.

      It's like corporations have gone in sane and are taking hatchets to their own golden gooses.

    • by phantomfive ( 622387 ) on Monday July 09, 2018 @08:14PM (#56920552) Journal
      Yeah that kind of speech is usually my sign to look for a new job.
    • with their new jobs at Netflix and Amazon. The existing employees are all highly talented with a string of hits on their hands. They're also unionized.
    • You missed the choice bit “Because you get more data and information about a customer that then allows you to do things like monetize through alternate models of advertising”. In other words: “I’ve seen how other companies pimp out their customers for data, and I want some of that action...”. Screw making an honest buck with subscriptions, that’s so 20th century.
  • by rsilvergun ( 571051 ) on Monday July 09, 2018 @05:53PM (#56919944)
    which you get with each and every merger. This is why we should stop allowing mega mergers. Big mergers are expensive and what's the first thing you do when you spend a bunch of money on a business expense? Try to make it back. Mergers destroy jobs.

    This was another good reason to oppose the Trump tax cuts. The mega-corps already said the money was all going to mergers and stock buybacks. The sort of thing that doesn't create jobs, it destroys them. Heck, it's easy to see why supply side economics fail. Businesses spend money to meet demand. Giving businesses more money does just that, gives them more money. Unless there's more demand they're just going to keep it. And if there's more demand they'll spend the money anyway. Yeah, there's a point where kleptocracy can kick in and choke a business, but you'd be surprised how far up that goes. Meanwhile the working class is choked with low wages and demand for everything is flat. Flat demand, flat job and wage growth.
    • by Actually, I do RTFA ( 1058596 ) on Monday July 09, 2018 @07:13PM (#56920318)

      I doubt there will be any layoffs. AT&T announced at the meeting they don't have people to do the jobs and there wouldn't be layoffs. But it's worse than that. They're trying to turn HBO from a boutique content provider to one that supplies "hours of engagement a day" to a "broadened audience" and "provides data and [opportunities] for targeted advertising." So they're gonna kill the golden goose because they don't know what they bought, and turn it into an also-ran cable channel with 90% trash.

      • when the layoffs are coming you never tell anyone they're coming. Otherwise they get busy looking for new jobs. The good people leave, the bad stop doing their work and everything goes to hell. There's an easy way to tell if a suit is lying when he says no layoffs are coming: lips are moving. It's a tell tale sign.
        • Oh, I agree in general. However, they're going to be so busy ruining HBO, they'll need all the bodies they can get. That part rings true, at least for now.

      • by nmb3000 ( 741169 ) on Monday July 09, 2018 @08:47PM (#56920690) Journal

        I doubt there will be any layoffs. AT&T announced at the meeting they don't have people to do the jobs and there wouldn't be layoffs.

        Oh, you sweet summer child.

        He said, in part: "It's going to be a tough year. It's going to be a lot of work to alter and change direction a little bit.

        Company execs talk in code during big company meetings. This is code for "start looking for a new job".

      • by nwf ( 25607 )

        Sounds like Mr Stankey's big idea is to be like Netflix. By the time they figure out how to do that, Netflix will be 10 years ahead of them. He's chasing the past not looking toward the future. Seriously, how do people this dumb get to be executives?

      • by yabos ( 719499 )
        Ohhh, I bet they will lay a lot of people off. I worked for a company in Canada that was partially owned by Comcast/Time Warner. Comcast bought out Time Warner. There were rumours of layoffs, and some suit came up and we had a big meeting about how everything was great and nothing would change. Less than 2 years later the whole company was shut down.
    • I've been here before from another industry! In my case we were already working extremely lean but we were extremely profitable. However, a larger industry that we essentially "work for" bought us out as they expanded their business. They liked we worked lean they said. A couple of years after the buyout we were lumped into a group of similar (but not really) focused companies. Being the only profitable business out of the 4 we propped the other businesses up and still made profit for the whole group (over

  • by Krishnoid ( 984597 ) on Monday July 09, 2018 @05:54PM (#56919948) Journal

    "We need hours a day," Mr. Stankey said, referring to the time viewers spend watching HBO programs.

    So long, The Wire, The Sopranos, Game of Thrones, Deadwood ... you know, stuff that actually took time, care, and focus to produce. On the other hand, I still have to catch up on most of these series anyway.

    • by Kjella ( 173770 )

      So long, The Wire, The Sopranos, Game of Thrones, Deadwood ... you know, stuff that actually took time, care, and focus to produce. On the other hand, I still have to catch up on most of these series anyway.

      Isn't that the target market? The people who, when they do get an hour or two off from the wife and kids they're willing and able to pay good money for some quality entertainment. Sure, hours a day you can get with any junk reality show or YouTube video, they cost almost nothing. But they're also worth almost nothing exactly because there's thousands of hours of filler like that. Unless you have some crazy viral video but that's just the online community's random whim of the day. Nothing made Gangnam Style

      • Re: (Score:2, Funny)

        by Anonymous Coward

        HBO is just returning to their roots. The 1980s, when HBO stood for "Hey, Beastmaster's on!"

      • From that execs speech, I gather that his intended target market is just that: easily distracted people who watch cat videos on their cell phones. I don’t know how he thinks he’s going to compete in that market, but it won’t be with “the Wire”.
    • "We need hours a day," Mr. Stankey said, referring to the time viewers spend watching HBO programs.

      Guess ATT should have bought YouTube. Oh wait...

    • Other than GoT all those series finished up years ago.

      • by Calydor ( 739835 )

        Were you expecting him to predict what HBO would've produced in 2020 if it wasn't for this merger?

  • In other words... (Score:5, Insightful)

    by Anonymous Coward on Monday July 09, 2018 @05:55PM (#56919954)

    AT&T have decided to ruin one of the most successful brands in entertainment.

    Right now, HBO competes and holds its own against Netflix and Amazon, both of which continue to invest and profit st their expense. Rather than compete, HBO plans to cede this ground, kill the goose laying the golden eggs, and bet it all on a strategy that takes them out if a market they excel at and run head first into one they donâ(TM)t understand and are ill equipped to compete in.

    Thereâ(TM)s not a âoeplan Bâ here - once todayâ(TM)s creators abandon the HBO platform (which theyâ(TM)ll do in a heartbeat), thereâ(TM)s no going back if they change their minds later.

  • There shall be infinite number of eyeball hours to see everything everyone can produce?

    There is more to life.

    • There is more to life.

      You know you could keep the TV on, cut the sound, while you go outside for some outdoor activities. That will make HBO happy.

  • by Anonymous Coward on Monday July 09, 2018 @05:56PM (#56919960)

    Remember those sweet, warm New England summers? Remember sipping lemonade underneath a shady tree? Remember when if your company turned a profit you had a big Christmas party at the office?

    If your company makes money, you've won the game, good job. If it's not enough money, then you suffer from a mental disorder. Best thing to do is commit yourself. Second best thing is to start a second business and combine the profits from both.

    • Re: (Score:3, Interesting)

      by Anonymous Coward

      Wallstreet doesn't care about being profitable. It's all about being more profitable (or less unprofitable) than last quarter so that the stock price will go up.

  • Abort (Score:2, Offtopic)

    by zlives ( 2009072 )

    this is why Roe V Wade is so essential,
    John Stankey needs to be aborted.

    • this is why Roe V Wade is so essential,
      John Stankey needs to be aborted.

      Marty McFly should've made himself more useful back in the 1950s!

  • I'm so glad I don't pay for TV in any way, and I'm also glad that I'm considering dumping them for phone service too, what a bunch of worthless bastards.
  • by Anonymous Coward on Monday July 09, 2018 @06:08PM (#56919990)

    AT&T saving people $10-15 a month as they cancel subscriptions for the once great network.

  • by ErichTheRed ( 39327 ) on Monday July 09, 2018 @06:12PM (#56920006)

    I guess this is what happens when a communications executive takes over a bunch of creatives. I live near NYC and it's nothing like LA, but the entertainment work scene here is pretty much the opposite of AT&T. It's not quite Don Draper 3-martini lunches but former colleagues of mine who now work in that business say it's pretty close. People are creative and used to having a fair amount of freedom around the way they get the job done.

    When a creative company gets acquired by someone who just wants to squeeze it for all it's worth, they'll probably lose some of their better creative talent...those folks have options. AT&T is used to providing a cheap-to-deploy, incredibly high margin service. Once they start cracking the whip, the content quality is going to drop. I imagine the first thing they'll do is offshore every business process that isn't outsourced already. When that doesn't produce the savings, they're going to start cutting into the creatives' budget. No more personal assistants, free car service, free food, expense account dinners, etc.

  • it'll be interesting to see if more video is consumed on smartphones or not...who watches this stuff anyhow?
  • Kiss of goodbye (Score:4, Interesting)

    by markdavis ( 642305 ) on Monday July 09, 2018 @06:13PM (#56920016)

    > "and it is already considering an overhaul that would see HBO produce more video that can compete for the attention of smartphone users, even if that means upending HBO's longtime strategy of producing a relatively small number of high-quality shows."

    Well, I guess you can kiss HBO goodbye, then. Because that is the ONLY thing that makes it worth having; things like Westworld, Sopranos, Oz, Game of Thrones, Room 104, and such. PLENTY of other networks for the type of lower quality, high quantity stuff.

    If you want to get rid of something, please make it Bill Maher.

  • by SuperKendall ( 25149 ) on Monday July 09, 2018 @06:17PM (#56920034)

    In the HBO Go app (the one you can use to subscribe to HBO a month at a time), they just dropped the whole "late night" (read: Soft Porn) section. But it's hardly a loss as for some time now they had let updates to that area languish to almost nothing. I have to imagine that subscribers are falling off in part because of that...

    What happened to the HBO of old that had sex positive and fun programming like "Real Sex"? Seems like everyone wants to be Netflix now with hot original dramatic shows, while abandoning aspects that make each service unique and provide extra value.

    The funny thing is that personally I only just started subscribing to HBO, for Game of Thrones, then Silicon Valley, then Westworld. But once I finish up those new seasons I'll probably let the subscription go again as not much of the other content really grabs me. Some more high-end adult content produced with some regularity might help convince me to stay...

  • by rahvin112 ( 446269 ) on Monday July 09, 2018 @06:23PM (#56920070)

    Did anyone not expect this? A cellular company bought HBO and their first thought is episodes are too long and everyone wants to watch them on their phone. Oh and they want to add advertising, forgetting of course that most of HBO's subscribers do so because it DOESN'T have advertising.

    They'll kill HBO with these plans before they ever evolve them to compete with Netflix. AT&T will slaughter the goose.

  • Seems like ATT wants to monetize HBO viewers and introduce Ads on HBO and produce more content, that could be a good thing, however, their is a reason why HBO is so successful in consistently producing high quality content. If you are beholden to advertisers, then the quality of content will suffer, no more adult themed shows, as every fucking advertiser will try to push HBO to be politically correct and viewers will loose a genuine uncensored media outlet. It will be a sad day!
  • by sehlat ( 180760 ) on Monday July 09, 2018 @06:39PM (#56920154)

    May I ask just how and when a population already struggling just to stay afloat will find those hours and the money to pay for them while they're working multiple jobs?

  • forget about retooling hbo. if you need the legitimacy of the brand that desperately, create a parallel channel, something like hbo light, and call it if you must hbolitening. there's your product for the smartphone obsessed! cat vids, car cams, czech councilmen throwing chairs...in the meantime leave the parent channel alone. shiela nevins bailed like rasputin.
  • by HeckRuler ( 1369601 ) on Monday July 09, 2018 @06:46PM (#56920190)

    I'm more used to corporations doing a more subtle bait and switch game where they grow their popularity with quality products and then try and cut costs as subtly as possible. Outsourcing to China, using cheaper meat, getting rid of what their warranty covers.

    Having a CEO just come out and say "We're going to send this channel straight into the shitter" right to our face is just a weird amount of honesty. I mean, they coach it in positive terms as PR people are ought to do. But even they acknowledge it's going to be painful.

    HBO targeting PHONE audiences. So.... Westworld, but cut down to 6 second VINE clips. Season 10 of Game of Thrones will be flash animation with 3 characters remaining after the killing of the rest. And it won't be the expensive ones.

    • Re: (Score:3, Interesting)

      This was an internal employee town hall meeting. Someone saw the writing on the wall, recorded the meeting and provided it to the press to see if they can get enough momentum to turn the tide against this change.

      They'll fail of course, but it's a noble effort nonetheless.

  • Study what is selling and what people enjoy watching that does not need a huge budget.
    Consider what a computer can design into the look and feel of a series.
    Find out what your audience will become interested in and return to watch due to its creative production.
    Vampires? That like humans as new best friends.
    A saga about people will billions of US $. To look after, spend, protect and enjoy. Who also want to make new friends
    Pirates with ships, maps and treasure.
    A hospital with amazing doctors. Re
  • ... more video that can compete for the attention of smartphone users, ... AT&T wants to boost revenue both in advertising and subscriptions, ... upending HBO's longtime strategy of producing a relatively small number of high-quality shows.

    ... this next year will -- my wife hates it when I say this -- feel like childbirth...

    So a lot of pain, yelling and pooping? Sounds *wonderful*.

  • HBO must compete with smartphones for people's attention, ...

    PBO - Phone Box Office.

    • by nwf ( 25607 )

      I think you mean PCB for Phone Click Bait, which seems to be what they are calling for. That's basically all people watch on phones anyway. I'd never watch Westworld on a phone.

  • John Stankey is an MBA who was in charge of DirectTV over the last couple of years while it's been hemorrhaging customers. He introduced the DirectTV Now streaming service which was supposed to boost profits. So far, it's only helped to offset the number of subscribers lost. Unfortunately, since it's a lower cost service, their profits have tanked.

    Now they've acquired HBO and they want to make it cell-phone-friendly by cutting episodes to 20 minutes in the idiotic hope that doing the same thing will prod

    • by nwf ( 25607 )

      I'm surprised he didn't just say "we need to work smarter, not harder. Well, smarter and harder until I get my bonus. Then screw you all."

  • by bill_mcgonigle ( 4333 ) * on Monday July 09, 2018 @08:32PM (#56920620) Homepage Journal

    So, all the good talent is leaving for a new internet-only production company that will take most of HBO's market share? Cool.

    • AT&T will use the new net non-neutrality rules to ensure the new internet-only production company's content can't be viewed by AT&T's customers. And they'll likely conspire with other top tier ISPs to do the same -- the big boys gotta stick together.
  • Netflix... (Score:5, Interesting)

    by erp_consultant ( 2614861 ) on Monday July 09, 2018 @08:38PM (#56920648)

    Netflix has to be just loving this. AT&T will turn one of the only remaining traditional TV stations into complete and utter shit. Well, at least it will have plenty of company. Meanwhile watch how subscribers run for the hills as the price goes up and the quality goes down.

    AT&T has always been run as a monopoly. They haven't the faintest idea about customer service and now they are going to be in for a very rude awakening. RIP HBO.

  • Hours a day? (Score:3, Interesting)

    by CharlesAKAChuck ( 1157011 ) on Monday July 09, 2018 @09:18PM (#56920812)
    Seriously, does anyone actually watch any SINGLE channel for hours a day? And of those, how many are watching hours a day of a single channel on a PHONE? Why in the world would anyone think that they're somehow able to make that the slightest bit enjoyable in any way? Has Stankey actually been a human being in America for very long, because any human being in America would quickly realize that nobody wants to stare at a cell phone for hours a day to watch a single channel. Nobody. And then to top it off, he goes right into collecting customer data to monetize it in the form of advertising and subscriptions-seriously, is the guy from another planet? How could that possibly be a good idea for any customer?
    • That's where people watch hours of a day. If they made it a serious YouTube competitor, it's they only way it could work and meet their requirements. >>> Which they will not because it would take too much investment... and they are already in the hole after the merger. So... it's doomed.
  • âoe we intend to kill the culture that made this company successful âoe
  • by Chas ( 5144 )

    There goes any value in HBO.

  • I'm thinking a simple addition to reflect the new corporate reality for employees: H O BO.

  • by The Cynical Critic ( 1294574 ) on Tuesday July 10, 2018 @02:36AM (#56921534)
    I honestly can't say I'm particularly surprised about this seeing how the motivation behind corporate consolidations, when broken down, always come back to wanting to make a profit as big as possible. Disney didn't buy LucasFilm and their IP for any other reason than to make a lot of money from their IP and AT&T's takeover of Time Warner (who owns/owned HBO) is not any more different.

    Considering massive the 85.4 billion USD price they had to pay for the whole lot it's kind of obvious that getting parts of Time Warner, particularly HBO, to become drastically more profitable was what was not just plain greed, it was a necessity for the deal to make fiscal sense. You simply don't borrow 85 billion without paying a lot of interest every year or big amortizations.

    As an HBO subscriber it seems like this is probably the right time to un-subscribe from their service. I don't find most of their catalog all that appealing and mostly just watch their old shows (Sopranos, The Wire, etc.) along some of their newer stuff (Westworld being the only one I've actively followed even if the un-planned nature of the writing really has really started to show) so it's not like I'm going to miss out on all that much when I move back to Netflix and the local BBC equivalent's streaming service.
  • Don't ruin Game of Thrones :(

    • Looks like GoT is ending just in time. Now if I could get my wife uninterested in Westworld, we can completely drop HBO....

      Luckily our cable co let's us swap premium channels. We can drop HBO till the new and final GoT season starts, and for Westworld. After Westworld, won't see any reason to go back...

  • " Because you get more data and information about a customer that then allows you to do things like monetize through alternate models of advertising as well as subscriptions, which I think is very important to play in tomorrow's world."

    Your world sucks, please die and take everyone that wants that world with you....

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