After a topsy-turvy week, the thought occurred to me during AT&T’s investor call on Thursday: What if John Stankey wound up on the winning side of the streaming wars? Netflix took a nosedive on…
’s investor call on Thursday: What if John Stankey wound up on the winning side of the streaming wars?
The jolt that the news of six-figure losses in Q1 and a projected seven-figure loss for Q2 packed a wallop on Netflix stock price. It also dealt a blow to the Hollywood psyche about the long-term promise of streaming, reminiscent of how the earth quaked in August 2015 when then-Disney CEO Bob Iger acknowledged that even the mighty ESPN had faced “some subscriber losses.”
The sense of relief in the AT&T CEO’s voice came in crystal clear even through the tinny webcast audio. The telco giant is glad to be seeing WarnerMedia in the rear-view mirror after closing the spinoff transaction with Discovery on April 8.
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