Former HBO CEO Richard Plepler, who departed the premium cable network in February after a three-decade run, is in advanced discussions to sign an exclusive production deal with AppleTVPlus
The executive is near a deal to launch a production company based at the tech company.The former HBO CEO, who departed the premium cable network in February after a three-decade run, is in advanced discussions to sign an exclusive production deal with Apple TV+. A deal is expected to close before the end of the year.
Once a deal is finalized, Plepler and his new company — RLP & Co. — would create original content for Apple's recently launched subscription streaming service, TV+. Plepler, one of the most respected and highly regarded executives in the industry, departed HBO earlier this year in a move that stunned the TV community. His departure came nine months after AT&T's regime took over Time Warner and renamed the company WarnerMedia.
At the time, sources said Plepler cited HBO's shrinking autonomy within the expanded WarnerMedia portfolio as a major motivator and say that Plepler had a "gracious" conversation WarnerMedia CEO John Stankey about departing before the chatter about a new top programming hire at the parent company had started.
Plepler's likely move to Apple is the latest example in the war for talent amid the streaming revolution during which media giants like Apple, Disney, NBCUniversal and WarnerMedia are all launching their own direct-to-consumer platforms in a bid to compete with established players including Netflix, Amazon and Hulu.
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