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WarnerMedia-owned service added 2.4m new users in June quarter as streaming rivalry intensifies
Transaction comes as media dealmaking this year hits highest level since dotcom boom
AT&T and Verizon unwind big bets on media content to concentrate on core businesses
Plus, Spac fever proves less contagious, and a closer look into Sanjeev Gupta’s ‘white knight’
Deal expected to trigger fresh wave of consolidation in the sector
Disney, HBO and ViacomCBS all reported stronger subscriber growth in first quarter
WarnerMedia’s streaming service aims to take on global leader with its extensive film and TV catalogue
Ticket sales show pent-up demand for blockbusters as Warner Bros scores biggest US hit of the pandemic
WarnerMedia’s streaming service cannot be launched in the UK, Germany or Italy due to agreement with Sky
Superhero movie takes $16.7m in US debut as Warner bets on simultaneous online release during pandemic
Studio to make next year’s movies available on HBO Max from day one in theatres
HBO Max will launch in May at twice and three times the price of Disney and Apple products
Activist Elliott at odds with TV network’s owner over size, strategy and succession