SELL OFF WARNERMEDIA, DC COMICS
Matt McGloin Posted: 12/04/2020 - 21:58 36 CommentsAT&T Predicted To Sell Off WarnerMedia, DC Comics
It's predicted that AT&T may sell off WarnerMedia at some point, which could include DC Comics that is owned by the company.
AT&T is the parent owner of WarnerMedia, with WarnerMedia including properties such as Warner Bros. Pictures, HBO, DC Entertainment, and DC Comics.
Following the big news that all of the Warner Bros. Pictures movies will be released on HBO Max, CNBC published a report, "Inside AT&T's WarnerMedia as it dismantles the old Time Warner to battle Netflix."
The article basically pits those for and those against what AT&T and WarnerMedia are doing with its HBO Max streaming service, and it should be noted, the article includes sources from within Warner Bros. who do not like what is happening and some of whom are former employees.
It's claimed AT&T will eventually sell off WarnerMedia
Regarding the potential sale of WarnerMedia, the article states present and past employees are optimistic that AT&T and WarnerMedia can get things right with HBO Max, but at the same time, it's noted many of those same people think AT&T will eventually divest itself of WarnerMedia in order to bump up its stock (which is currently at near a 10-year low):
Still, many of those people predict AT&T will eventually sell off WarnerMedia, either in pieces or together, because legacy media assets will continue to weigh on AT&T's stock rather than help it. Several said AT&T's board will ultimately balk at giving Kilar the money he needs to compete with Netflix, Amazon and Disney.
So some of those sources are stating that HBO Max won't be able to compete with Netflix,