Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

AT&T INC.

(T)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

AT&T : Harry Potter' Bolts HBO Max for Peacock

08/05/2020 | 12:15pm EST

By Joe Flint and David Marcelis

It might take a wizard to figure out where to stream the "Harry Potter" movies.

AT&T Inc.'s HBO Max is losing the Harry Potter franchise on Aug. 25, less than three months after the streaming service's launch. The movies will become available on Comcast Corp.'s rival streaming service Peacock starting in October, the result of an unusual compromise between the two companies.

All eight "Harry Potter" movies were produced and distributed by Warner Bros.' studio, which like HBO Max is part of AT&T's WarnerMedia. But the television rights are held by Comcast's NBCUniversal, which secured them a time when neither AT&T nor Comcast had a streaming service in the works.

The franchise's short stay on HBO Max is rare in an industry where programming deals typically run several years. The only reason HBO Max got to offer Harry Potter when it launched is that NBCUniversal agreed to let it have it for a few months while its Peacock streaming service wasn't yet available nationwide. Peacock launched on July 15.

NBCUniversal has had the commercial television rights for the "Harry Potter" movies since 2018, as part of a seven-year deal with Warner Bros. valued at as much as $250 million. The deal, which was reached in 2016, also included digital rights, but didn't foresee the existence of either Peacock or HBO Max.

That NBCUniversal holds the rights to such a big franchise owned by a rival harks back to the pre-streaming wars era of entertainment. Now companies such as NBCUniversal and WarnerMedia primarily seek to make and keep content on their own platforms instead of selling it to the highest bidder, as was the case in the 2016 "Harry Potter" deal.

Earlier this year, WarnerMedia's senior leadership -- including new Chief Executive Jason Kilar -- reached out to NBCUniversal Chief Executive Jeff Shell and negotiated a small window for the "Harry Potter" movies to be shown on HBO Max from its May launch to Aug. 25.

In return, Warner Bros. has agreed to a short extension of NBCUniversal's deal for the movies, people familiar with the matter said.

The back-and-forth of the "Harry Potter" movies is a testament to both their popularity and the willingness of two rival companies that each may have been able to lay claim to the films' streaming rights to opt for a compromise over a legal fight.

The deal is a win-win, said Frances Manfredi, Peacock's president of content acquisition and strategy. "We need to be able to create a level of robust offerings for our viewers and the only way to get there is to aggregate across studios," she said.

A representative for HBO Max declined to comment.

The Harry Potter movies will stream on Peacock for six months starting in October. The movies will then again be available on NBCU's cable channels including USA and Syfy. The movies are expected to resurface on Peacock eventually as well.

The companies could negotiate an eventual return to HBO Max for the "Harry Potter" movies, the people familiar with the matter said, though there is no agreement in place to do so.

Write to Joe Flint at joe.flint@wsj.com and David Marcelis at david.marcelis@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AT&T INC. 1.06% 28.62 Delayed Quote.-26.77%
COMCAST CORPORATION 1.30% 49.81 Delayed Quote.10.76%
All news about AT&T INC.
04:55aTRICOAST THANKSGIVING MOVIES : It's Turkey Time
AQ
11/20AT&T : Senior Executive Vice President and CFO John Stephens Updates Shareholder..
BU
11/18Wonder Woman 1984' Swooping Into Homes and Theaters Christmas Day -- Update
DJ
11/18Wonder Woman 1984' Swooping Into Homes and Theaters Christmas Day
DJ
11/18AT&T INC. : Entry into a Material Definitive Agreement, Creation of a Direct Fin..
AQ
11/18AT&T INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
11/17AT&T INC. : Announces Debt Exchange Offers for Thirteen Series of Notes
BU
11/17AT&T INC. : Change in Directors or Principal Officers (form 8-K)
AQ
11/17Longtime AT&T Finance Chief John Stephens to Retire Next Spring -- Update
DJ
11/17AT&T : Conan' Ends TBS Run in June; O'Brien to Have Weekly HBO Max Show
DJ
More news
Financials (USD)
Sales 2020 171 B - -
Net income 2020 12 456 M - -
Net Debt 2020 145 B - -
P/E ratio 2020 16,4x
Yield 2020 7,30%
Capitalization 202 B 202 B -
EV / Sales 2020 2,03x
EV / Sales 2021 1,99x
Nbr of Employees 235 000
Free-Float 93,4%
Chart AT&T INC.
Duration : Period :
AT&T Inc. Technical Analysis Chart | T | US00206R1023 | MarketScreener
Technical analysis trends AT&T INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 31,93 $
Last Close Price 28,62 $
Spread / Highest target 32,8%
Spread / Average Target 11,6%
Spread / Lowest Target -40,6%
EPS Revisions
Managers
NameTitle
John T. Stankey President, CEO, COO & Director
Randall L. Stephenson Executive Chairman
John J. Stephens Chief Financial Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AT&T INC.-26.77%201 781
T-MOBILE US63.07%158 723
CHINA MOBILE LIMITED-29.01%122 827
SOFTBANK GROUP CORP.41.90%120 074
NTT DOCOMO, INC.27.58%119 741
KDDI CORPORATION-6.49%66 949