At Time Warner, executives saw AT&T as just a “big phone company from Texas.” At AT&T, they thought Hollywood would play by their rules. That combination led to strategic miscalculation unrivaled in recent corporate history.
An early top executive at the network believed that “the man of the house” paid for cable TV subscriptions. That mind-set affected HBO’s programming for decades.
HBO Max took down classic episodes of “Sesame Street” as it prepares to combine with Discovery+. The move came as a surprise to fans, who worried about what it signals.