Tag: HBO Max

  • AT&T likely to close WarnerMedia-Discovery merger by June-end

    AT&T likely to close WarnerMedia-Discovery merger by June-end

    Mumbai: US major AT&T has reported its fourth-quarter financial results on Wednesday. The company’s WarnerMedia segment posted revenues of $9.9 billion, a growth of 15.4 per cent year-on-year driven by content licensing and direct-to-consumer subscription growth. The company said that it expects the WarnerMedia-Discovery transaction to close by the second quarter of 2022.

    “We are encouraged with how the process for the WarnerMedia deal is progressing and now expect the transaction to close in the second quarter,” said AT&T CEO John Stankey. “Coming off an outstanding year with HBO Max, we plan to hand off the business with a strong exit velocity, and we look to further our international momentum and deliver more world-class content for viewers.”

    He further added, “When the deal closes, the investments made in both content and HBO Max growth, coupled with strong execution by the team, will ensure Warner Bros Discovery is positioned as a leading global media company with the depth of content and the capabilities required to lead in the next era of media.”

    WarnerMedia’s streaming service HBO Max added 13.1 million subscribers in 2021 and currently has a base of 73.8 million subscribers globally. The investor presentation also revealed that WarnerMedia saw a DTC subscription revenue growth of 11.5 per cent from $1.7 billion to $1.9 billion in the fourth quarter.

    In May 2021, AT&T announced that it had proposed a merger between Discovery Inc and its media subsidiary WarnerMedia, which would be spun off into a new publicly-traded company to be known as Warner Bros Discovery. The merged entity would be led by Discovery CEO David Zaslav. The transaction was approved by the European Commission in December 2021 and it is expected to be completed in mid-2022.

  • Jason Monteiro joins HBO Max as GM for Southeast Asia, Hong Kong and Taiwan

    Jason Monteiro joins HBO Max as GM for Southeast Asia, Hong Kong and Taiwan

    Mumbai: WarnerMedia has appointed Jason Monteiro as general manager of HBO Max for Southeast Asia, Hong Kong and Taiwan. He will temporarily report to HBO Max international head Johannes Larcher until a new managing director for the broader INSEAK region (India, Southeast Asia and Korea) is appointed.

    Monteiro will be responsible for the day-to-day operations of WarnerMedia’s direct-to-consumer business leading content experience, brand, marketing, subscriber management and digital partnerships. He will oversee the existing HBO Go streaming service and the eventual launch of HBO Max in APAC and the Middle East region, said the statement.

    “Jason arrives at HBO Max with a proven track record of building and growing subscription services across Asia and other important global markets,” said Johannes Larcher. “He is a passionate leader known for building and inspiring high-performing teams, and I am eager to see his leadership in action as he steps into his new role today.”

    “I could not be more excited to be joining this amazing organisation and in particular to lead the charge for HBO Max,” said Monteiro. “It’s going to be such a thrill to work with the people across WarnerMedia to bring the likes of Game of Thrones, Harry Potter, DC, Warner Bros, HBO favorites, new Max Originals and many more, to the viewers in Southeast Asia.”

    Moneteiro was previously associated with Arabic streaming service Shahid as director of advertising video-on-demand (AVOD). He was responsible for P&L for the free ad-supported tier offered by the service, ensuring that it had the widest user reach, user engagement, unique content offering and best digital video advertising solution for brands in the Middle East.

    Prior to that, he was associated with Southeast Asian streaming service iflix as chief marketing officer and general manager of Indonesia and Malaysia. He has also worked at telco majors such as Indosat Ooredoo and Vodafone.

  • HBO Max and HBO end 2021 with ~73.8 million subscribers globally

    HBO Max and HBO end 2021 with ~73.8 million subscribers globally

    Mumbai: HBO Max and HBO have ended 2021 with ~73.8 million subscribers across the globe, WarnerMedia CEO Jason Kilar announced on Wednesday ahead of the company’s fourth quarter earnings call.

    It has added 4.4 million subscribers in the fourth quarter beating its July 2021 forecast to end the year with 70-73 million subscribers. In October 2019, at an investor day event, the company was projected to reach 75-90 million subscribers by the end of 2025. However, it achieved that goal almost four years early, noted Kilar.

    “To say that this is a remarkable result would be an understatement,” said Kilar. “This performance is beyond what had been our best laid plans at the start of 2021.”

    After the service launched in the US in 2020, it was launched in 45 more countries in 2021. HBO Max is expected to arrive in India in 2022. HBO Max is distributed as an app across devices such as Apple TV, Amazon Firestick, Google Chromecast, Roku and a host of smart TVs. WarnerMedia has also launched an ad-supported version of HBO Max which offers the service to consumers at a lower price.

    At the beginning of 2021, the company had taken the controversial decision to release its slate of films under Warner Bros. Pictures simultaneously in theatres and HBO Max ignoring the theatrical window completely. This meant that the movie studio’s 18 films were available on the streaming service at the same time as their theatrical release. “We took a thoughtful risk (and some understandable heat), and it has worked,” remarked Kilar.

    Impressive content launches by the company include ‘Judas and the Black Messiah’, ‘Mare of Easttown’, ‘Friends Reunion’, ‘The White Lotus’, ‘The Suicide Squad’, ‘Dune’, ‘Succession’, ‘The Matrix Resurrections’ and ‘Return of Hogwarts’.

    The service also launched its live sports offering by picking up the rights to UEFA Champions League in Brazil and Mexico.

  • HBO Max Southeast Asia & India MD Amit Malhotra moves on

    HBO Max Southeast Asia & India MD Amit Malhotra moves on

    Mumbai: HBO Max Southeast Asia and India managing director Amit Malhotra has stepped down from his role and is no longer associated with the company. The development was confirmed by WarnerMedia on Monday.

    Malhotra joined WarnerMedia in June and was spearheading the rollout and management of WarnerMedia’s direct-to-consumer platform in Southeast Asia including India.

    Malhotra is a media and entertainment industry veteran who has more than 25 years of experience under his belt and was part of the board of directors at Asia Video Industry Association and Infocomm Media Development Authority.

    He previously served as regional lead for Disney+ in Southeast Asia, where he was responsible for overseeing the launch and operations of Disney’s streaming services in the region, including Disney+, Disney+ Hotstar and Hotstar. He was associated with The Walt Disney Company for 17 years.

  • SonyLIV’s Saugata Mukherjee joins HBO Max as head of content, India

    SonyLIV’s Saugata Mukherjee joins HBO Max as head of content, India

    Mumbai: WarnerMedia-owned video streaming service HBO Max has brought on board SonyLIV’s Sugata Mukherjee as head of content for India.

    In this new role, Mukherjee will report to HBO Max managing director for India & Southeast Asia Amit Malhotra.

    Mukherjee comes with over 16 years of experience in digital media, TV broadcast, and publishing. He joined Sony Pictures Networks India (SPNI) in February last year as head of original content for the company’s digital OTT platform. Before SPN, he worked with Hotstar as content strategy and production head.

    He has been associated with Star India since 2013, first as VP and head of commissioning and later as editor – content studio, where he was responsible for content acquisitions, development, and strategy. In 2018, he moved to Hotstar.

    Mukherjee has also worked with companies like Pan Macmillan where he was the publisher and editor-in-chief. He was previously associated with Harper Collins Publishers as managing editor and rights director.

  • WarnerMedia opens new regional hub in Singapore

    WarnerMedia opens new regional hub in Singapore

    Mumbai: Global media company WarnerMedia on Friday opened a new regional hub for Asia (excluding China and Japan) in Singapore.  

    The office was officially opened by Singapore’s minister for communications and information (MCI) Josephine Teo and it signals the full integration of WarnerMedia’s business in the region that includes Warner Bros, HBO, and Turner brands. It also houses the new streaming platform HBO Max, which is expected to launch in its first Asian markets in the future.

    “Our new flagship office is truly spectacular. More than just a new workspace, it brings together the most incredible parts of our diverse business – from Harry Potter’s Wizarding World to Looney Tunes, Game of Thrones, and Wonder Woman – under one roof for the first time,” said WarnerMedia managing director for India, Southeast Asia and Korea Clement Schwebig. “Here in Singapore, we have long supported a sizeable ecosystem for the entertainment, broadcast, production, and licensing industries. From our new Singapore hub, we will continue with our ambitious plans for the region.”

    WarnerMedia expects to substantially increase additional roles in Singapore in the coming years, including those in the technology field as the company increases focus on its direct-to-consumer streaming business led by Amit Malhotra as HBO Max managing director for Southeast Asia, India, and Korea.

    “As we get ready to launch HBO Max in our first Asian markets, we’ll build on WarnerMedia’s legacy of incredible stories and introduce a brand-new streaming experience for our fans in the region,” said Malhotra. “Our new office space in Singapore as a regional HQ will be the perfect backdrop for the innovative work to be done in the lead up to our launch.” 

    On a tour of the office, minister Teo also met with young Singaporean employees, who discussed their early experiences in the media industry. Joining her was Infocomm Media Development Authority of Singapore (IMDA) chief executive Lew Chuen Hong. “There is tremendous potential in this region, and the new hub signals the central role that Singapore plays in WarnerMedia’s expansion plans. Wonderful opportunities will be created for our media talents and the broader ecosystem, both in Singapore and in Asia,” Hong said.

  • Horror movies bring good news for global box office

    Horror movies bring good news for global box office

    Los Angeles: Movie theaters have been struggling to maintain a reopening momentum after being shuttered throughout 2020 due to the coronavirus. The problem has been magnified because many high-profile franchise films have been released in theatres and on streaming services at the same time. However, this hasn’t been the case across the board with Hollywood’s 2021 horror films, which are being shown in theatres exclusively or with delayed streaming access. 

    Horror is turning out to be good news for the box office as it is now estimated that the horror genre has generated 20 per cent of the overall theatrical revenue in North America during the pandemic. Furthermore, studies indicate that horror flicks may actually better prepare people for unsettling true-life events like a pandemic.

    While expensive, franchise-friendly tentpoles such as “Black Widow” have fallen short of expectations, the recently released, smaller $25 million budget, horror-flick “Candyman” had a solid debut earning $22 million at the US box office in its opening weekend. “Horror movies are an accountant’s and studio executive’s dream with a huge upside of profit potential due to their inherent cost-effectiveness,” said Comscore’s senior media analyst Paul Dergarabedian. “You don’t need to break the bank to make a killer scary movie and the box-office results for the genre, particularly during the pandemic, have been most impressive.”

    “A Quiet Place Part II” opened in May with $47.5 million and has earned $160 million domestically and nearly $300 million worldwide against its $60 million budget. “The Conjuring: The Devil Made Me Do It” debuted in June with $24 million domestically and went on to earn $65.5 million domestically and $201 million globally while also streaming on HBO Max. It had a budget of $40 million.

    By comparison, “Black Widow” had a production budget of $200 million and a marketing budget estimated to be around $100 million. With a worldwide box office of $370 million since its July release, which the studio splits with cinemas, the Marvel film likely won’t break even. Disney has reported some of its streaming grosses for the title, which includes an estimated $60 million opening weekend in digital sales.

    Likewise, “The Suicide Squad”, which opened in theaters in August, had a budget of $185 million and has currently collected an estimated $154.5 million in box office receipts. This film was also made available for free on HBO Max to subscribers.

    Just as horror flicks are faring better at the box office during the pandemic, a recent study out of the University of Chicago suggests fans of this genre may also cope better. According to the research team, fans of horror films are more psychologically resilient during frightening world events like the pandemic. Likewise, people who tend to watch so-called ‘prepper’ films about preparing for zombie invasions or the apocalypse reported feeling more prepared for life during the pandemic. These people also are more likely to watch pandemic-themed films during this time.

    According to Hartford HealthCare, the University of Chicago research team studied the answers of 322 American adult participants to questions related to movies, mental health, and the pandemic. Topics included film genre preferences, interest in pandemic films, their preparedness for the pandemic, and their mental health during the pandemic. They were asked if they have felt more depressed than usual, have been sleeping well, and whether they watch the news. They also had to report on their reaction to the pandemic, if they felt they knew what to buy to hunker down at home and if the pandemic itself surprised them.

    According to the team, horror fans were not necessarily more prepared or resilient in the face of the pandemic, but they were far less distressed psychologically. Fans of prepper genres were much more prepared for the pandemic and noted fewer disruptions to their day-to-day life. They were no more likely to exhibit positive resilience, however. Participants with a moderate or greater interest in watching horror films during the COVID-19 pandemic were found to have greater positive resilience in real life than those with no interest.

    “Scary movies allow viewers to practice coping with distressing emotions, such as fear, in a safe and controlled environment” said the director of the Anxiety Disorders Center, part of the Hartford HealthCare Behavioral Health Network, Dr David Tolin. “As we gain a sense of mastery over fear, real-world concerns such as the COVID pandemic become less scary to us as well.”

    The researchers concluded that while people generally watch horror films as entertainment, there are subtle lessons being delivered. Horror fiction allows its audience to practice emotion regulation skills and hone strategies for dealing with fear which may help in effective coping strategies in unusual true-world situations.

    The horror genre has helped buoy film theatres and possibly better prepared its fans to cope with the pandemic. Who would have known in early 2020 as COVID-19 began its deadly spread that watching a good horror flick might prove effective against this real-world enemy?

  • HBO Max, HBO add 2.8 mn subs in Q2, WarnerMedia’s revenues touch $8.8 billion.

    HBO Max, HBO add 2.8 mn subs in Q2, WarnerMedia’s revenues touch $8.8 billion.

    New Delhi: Media and telecommunications giant AT&T showed continued customer growth in wireless, fiber and HBO Max in the second quarter, the company has said. In its Q2 report released on Thursday, AT&T reported consolidated revenues of $44 billion, up from $41 billion in Q2 2020.

    WarnerMedia’s total revenues climbed to $8.8 billion from 8.5 billion in Q1 indicating partial recovery from the impact of the pandemic.

    HBO Max and HBO added 2.8 million domestic subscribers. Total domestic subscribers for both topped 47 million — up 10.7 million from the past year and 67.5 million globally, up 12 million in the past year. The parent company has also raised its expectations for HBO/HBO Max growth by the end of 2021, and now expects 70 million-73 million global HBO Max/HBO subscribers by the end of year. 

    “We are pleased with our performance and our momentum is strong,” said AT&T CEO John Stankey. “For the fourth consecutive quarter, we saw good subscriber growth across wireless, fiber and HBO Max. Mobility delivered strong service revenue, EBITDA and postpaid phone growth. Our fiber business grew subscribers and penetration.”

    The company’s top executive said, HBO Max had another strong quarter and is ahead of plan to be a leading direct-to-consumer streaming platform, with both subscriber- and ad-supported choices. “As a result, we’re raising our global HBO Max year-end forecast to 70 million to 73 million subscribers. Also, we’re updating full-year guidance for consolidated revenue, wireless service revenue, adjusted EPS and free cash flow,” he said.

    Early this May, AT&T and Discovery Inc. had agreed to combine their media assets into a new public traded company. The deal is expected to be completed by mid-2022 pending regulatory approvals.  “No news is good news… We continue to move through it,” said Stankey responding to a media query on the deal.

    The merged entity to be led by current Discovery chief executive David Zaslav will bring together brands like HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, the Turner Networks, TNT, TBS, Eurosport, Magnolia, TLC, Animal Planet, ID. The larger aim is to compete globally in the fast-growing direct-to-consumer business- bringing compelling content to DTC subscribers across its portfolio, including HBO Max and the recently launched discovery+.

  • Amit Malhotra appointed managing director for HBO Max in Southeast Asia, India

    Amit Malhotra appointed managing director for HBO Max in Southeast Asia, India

    New Delhi: WarnerMedia on Friday announced the appointment of Amit Malhotra as managing director for HBO Max in Southeast Asia and India. 

    Malhotra most recently served as regional lead for Disney+ in Southeast Asia, where he was responsible for overseeing the launch and operations of Disney’s streaming services in the region, including Disney+, Disney+ Hotstar and Hotstar.

    He will join WarnerMedia later this month and report to HBO Max International head, Johannes Larcher. Malhotra will be responsible for the rollout and management of WarnerMedia’s direct-to-consumer platform in Southeast Asia. He will immediately assume responsibility for the management of HBO GO, WarnerMedia’s existing OTT streaming service available in eight territories across Southeast Asia. In the future, he will spearhead the introduction of HBO Max in these territories and will lead WarnerMedia’s exploration of future opportunities to launch the streaming platform in additional markets, as well as a potential future launch in India, said the company on Friday.

    At Disney, Malhotra also led the content sales and distribution division as part of The Walt Disney Company’s Direct-to Consumer & International (DTCI) business in South APAC and Middle East, pivoting Disney’s linear business in the region to streaming by working closely with local telcos and MVPDs, creating localized payment strategies and developing deep content studio relationships throughout Southeast Asia. 

    Johannes Larcher said, “With our upcoming launch across Latin America on 29 June and our plans for Europe on the horizon, we turn our sights toward Asia, where we have an incredible opportunity to bring HBO Max to millions of new fans who are just as excited about streaming as our audiences in the U.S. Amit’s experience launching streaming services in both mature and emerging markets across Southeast Asia and the surrounding region make him the ideal leader to plan and oversee the rollout of HBO Max and its expanded content offering and platform experience.” 

    David Simonsen, who has played an important role in the growth of HBO GO in Southeast Asia to date, will continue to make a significant contribution to WarnerMedia’s direct-to-consumer efforts in the region, and will work closely with Amit as part of his executive leadership team.

    Amit Malhotra said, “I am delighted to be part of the incredible team at WarnerMedia in Asia as we look at bringing HBO Max to this region. WarnerMedia’s brands including DC Universe, HBO and Cartoon Network are extremely popular with passionate fans and audiences across this region. With a focus on consumers our goal will be to bring all of these brands and content together in an exciting new world class streaming experience as we move into the future with HBO Max.” 

    Under Malhotra’s leadership, WarnerMedia expects to launch HBO Max in Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam in the future, including an expanded content offering for the entire family and a premium new platform that would be hosted on HBO Max’s tech stack, providing a more stable and consistent streaming experience than HBO GO. Malhotra will also be responsible for exploring possible opportunities to launch HBO Max in new and fast-growing Asian streaming markets such as India.

    HBO Max has witnessed significant success since launching in May last year, adding 11.1 million HBO/HBO Max subscribers in the U.S. as of the end of Q1 2021. The platform will roll out in 39 territories across Latin America and the Caribbean on 29 June, and HBO’s existing OTT services in Europe are scheduled to be upgraded to HBO Max later this year. By the end of 2021, HBO Max is expected to be available in 61 global markets, said the company.

  • When can you watch Friends: The Reunion in India?

    When can you watch Friends: The Reunion in India?

    KOLKATA: In another piece of good news for the fans of the iconic TV show Friends, OTT platform Zee5 announced on Tuesday that it will stream the highly anticipated Friends: The Reunion in India simultaneously with the US and the world on 27 May.

    Talking about the excitement ahead of the premiere, Zee5 India chief business officer Manish Kalra said: “We received an overwhelming response from the audience after recently announcing that the show will stream exclusively on ZEE5 in India. We are proud to share that we will bring this event to India along with the world on 27 May at 12.32 pm!”

    Kalra said viewers can also avail Friends: The Reunion Special unlimited viewing offer at least 12 hours in advance before the launch for a seamless experience. “We are all geared up to make this a resounding success in India along with the rest of the world,” he added.

    The trailer has already set the social media ablaze and raked up millions of views across several channels. HBO Max will debut the famous sitcom special on Thursday, May 27 in the US, marking the first anniversary of HBO Max’s launch. The show’s actors Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, and David Schwimmer will return to the iconic comedy’s original soundstage, Stage 24, on the Warner Brothers Studio lot in Burbank for a real-life unscripted celebration.

    It will feature a variety of special guest appearances including David Beckham, Justin Bieber, BTS, James Corden, Cindy Crawford, Cara Delevingne, Lady Gaga, Elliott Gould, Kit Harington, Larry Hankin, Mindy Kaling, Thomas Lennon, Christina Pickles, Tom Selleck, James Michael Tyler, Maggie Wheeler, Reese Witherspoon and Malala Yousafzai. Ben Winston directed the special and executive produced along with “Friends” executive producers Kevin Bright, Marta Kauffman, and David Crane.

    The special hails from Warner Bros. Unscripted Television in association with Warner Horizon, Fulwell 73 Productions, and Bright/Kauffman/Crane Productions. Aniston, Cox, Kudrow, LeBlanc, Perry, and Schwimmer executive produced the special. Emma Conway, James Longman, and Stacey Thomas-Muir co-executive produced.