AT&T CEO John Stankey expressed confidence Thursday in the future of HBO as the telecom giant’s pay TV unit competes in the crowded field of digital streaming.
“I actually believe the glory days are still in front of us. They’re not behind us. They’re different days, and the product is different,” Stankey said on CNBC’s “Squawk Box” shortly after AT&T reported better-than-expected first-quarter earnings results.
HBO, which was founded in 1972, has “gone through reinvention over its years, and this is just the next chapter of reinvention,” Stankey added.
In the first quarter, AT&T added 2.7 million U.S. subscribers for HBO and HBO Max, the latter of which is its online streaming option that launched in America in May 2020. The services now have a combined 44.2 million subscribers in the U.S. and almost 64 million worldwide.
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