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The high-risk deal that has created a $100bn juggernaut looks increasingly dicey
Decision comes after new leadership had reviewed investment in streaming service for cable news channel
Latest change under new chief David Zaslav leaves network at odds with its parent company
JB Perrette tapped to lead post-merger company’s streaming business
Chief executive Jason Kilar among those to leave before $43bn merger
Funding will support WarnerMedia merger in one of largest-ever corporate debt sales
Budget for news network’s digital service was not originally disclosed by WarnerMedia to incoming owner
HBO Max owner increased sign ups by 1.3m while streaming pioneer gained 1.2m in battle for American audience
WarnerMedia CEO Jason Kilar vows to spend $18bn on content in 2022 to build on subscriber growth
Investment outlays come amid concerns that it will be harder to attract new viewers in 2022
Anchor broke network rules by helping former New York governor Andrew Cuomo in sex scandal response
Many of the same advisers collected hefty fees when AT&T bought company five years ago
Netflix, Disney and others find it costly to lure customers in ‘heavily saturated’ market
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
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