AT&T Boss Says HBO Max Will Feature Live Sports Content

NBA and Major League League baseball games now playing on TNT, Turner and other WarnerMedia platforms are headed to the studio's upcoming streaming service, HBO Max, AT&T chairman and CEO Randall Stephenson told analysts in an earnings call Wednesday.

"Those unique live sports — NBA, Major League Baseball, NCAA basketball — will be important elements for HBO Max. Earlier Wednesday AT&T reported higher second-quarter operating income for its WarnerMedia entertainment unit amid growth at Turner, Warner Bros. and HBO, and said it lost 168,000 subscribers at its DirecTV Now streaming service in the period due to "higher prices and less promotional activity."

WarnerMedia, led by CEO John Stankey, faced a key headwind at HBO amid a continued blackout on pay TV giant Dish Network, leading the premium TV service to lose subscribers in the latest quarter, but the entertainment arm still managed to report higher earnings across the board. "WarnerMedia continues to be accretive to earnings per share and cash flows," AT&T said.

During an analyst call, Stephenson reported AT&T was "on track" with bringing down its debt load after acquiring Time Warner, with net debt down $18 billion during the last 12 months. He also pointed to "very strong" HBO subscriber growth during the latest quarter, as original HBO content drove digital customer growth, which offset a fall in U.S. linear TV subscribers.

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