HBO Is Getting Bigger Budget Under AT&T to Challenge Netflix
John Stankey, the incoming head of AT&T Inc.’s entertainment division, plans to boost HBO’s original-programming budget to keep pace with deep-pocketed rivals like Netflix Inc. AT&T took over HBO and the rest of Time Warner Inc. on Thursday after overcoming an antitrust battle. “I fully expect we’re going to be investing heavier in content development at HBO,” Stankey said in an interview.