HBO Is Getting Bigger Budget Under AT&T to Challenge Netflix
- AT&T’s Stankey will build HBO library, expand online service
- But telecom giant will be cautious about future sports rights
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HBO’s new owner is looking to devote more money to the network behind “Game of Thrones” and “Westworld.”
John Stankey, the incoming head of AT&T Inc.’s entertainment division, plans to boost HBO’s original-programming budget to keep pace with deep-pocketed rivals like Netflix Inc. AT&T took over HBO and the rest of Time Warner Inc. on Thursday after overcoming an antitrust battle.