Randall Stephenson, chairman and CEO of AT&T, advised CNBC on Friday that he will continue to be main executive officer by way of the conclude of this 12 months. But over and above that, he refused to say whether or not he would continue to be or depart.
“I built a motivation past 12 months that I would continue to be at least by way of 2020. So I will continue to be as CEO by way of 2020,” Stephenson mentioned on “Squawk Box” from the AT&T Pebble Seashore Pro-Am golfing event in California. “I am not giving any indication over and above that. The board and I have to have that discussion, obviously.”
Under Stephenson’s stewardship, AT&T in 2018 acquired Time Warner, which bundled Warner Bros. motion picture studios, Turner Broadcasting and HBO. The new organization group, WarnerMedia, has undergone leadership improvements since the acquisition.
Stephenson mentioned that WarnerMedia, led by John Stankey, is accomplishing properly and wanting forward to launching its HBO Max streaming movie provider in May perhaps. HBO Max will join an presently crowded streaming industry, which includes Netflix, Amazon, Hulu, Disney+ and Apple Tv set+. Comcast‘s NBCUniversal group, which includes CNBC, options to start a streaming provider dubbed Peacock in July.
Addressing rumors about a attainable “Close friends” reunion exclusive as component of the HBO Max offering, Stephenson advised CNBC: “I study that too. We failed to announce it. But yeah, there was some information yesterday that there perhaps an episode designed. But that was not our announcement.”
On the other hand, Stephenson pointed out: “We did pull in as you know all of the rights for ‘Friends.’ So we personal all the rights for ‘Friends’ and ‘Big Bang Principle.’ We pulled all those in in the fourth quarter. So all those will obviously be stalwarts on our streaming system in May perhaps.”
In July, WarnerMedia outbid Netflix, spending $425 million about 5 many years for the streaming rights to “Close friends,” which experienced been a large draw on Netflix since 2015 when that provider compensated $100 million for the streaming rights. In September, WarnerMedia acquired the streaming rights for “The Large Bang Principle” and extended its television syndication offer on its TBS cable channel.