The reason I say this is because the last I checked, Time /Warner; Which owns HBO, are in intense negotiations with the telecommunications conglomerate AT&T for a merger by selling its shares of the company for a whopping $84 Billion. As a matter of fact, the deal has been finalized pending a Justice department review. So it's no wonder why they are cutting their boxing programming and selling the company because they are losing money.
Announcement
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No announcement yet.
So the rumors about HBO's declining budget and going out of business must be true.
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Originally posted by champion4ever View PostThe reason I say this is because the last I checked, Time /Warner; Which owns HBO, are in intense negotiations with the telecommunications conglomerate AT&T for a merger by selling its shares of the company for a whopping $84 Billion. As a matter of fact, the deal has been finalized pending a Justice department review. So it's no wonder why they are cutting their boxing programming and selling the company because they are losing money.
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Uhhhh Hbo's budget doesn't revolve around boxing OP. Hbo is the largest subscription based premium network on television. Period.
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I have a question for you posters. If Time/Warner; Which owns HBO isn't losing any money then why are they selling their company to AT&T then; Especially if it's making them this huge profit?
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AT&T is a monster. It recently purchased Directv. Is that because they weren't doing satellite right? Cmon breh
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Originally posted by champion4ever View PostI have a question for you posters. If Time/Warner; Which owns HBO isn't losing any money then why are they selling their company to AT&T then; Especially if it's making them this huge profit?
The New York-based company said first-quarter net income rose to $1.21 billion, or $1.51 per share, from $970 million, or $1.15 per share, a year earlier."
HBO is making profit, lots
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HBO Boxing may no longer exist, but overall HBO is doing very well and will be around for awhile.
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Originally posted by champion4ever View PostI have a question for you posters. If Time/Warner; Which owns HBO isn't losing any money then why are they selling their company to AT&T then; Especially if it's making them this huge profit?
Game of Thrones, Westworld, Real Time w/Bill Mahr, Last Week Tonight, Veep, Ballers, Sesame Street (HBO Kids), Girls, Real Sports with Bryant Gumbel, and Hard Knocks, the first run of Hollywood films beyond the theaters, and boxing is basically what AT&T is paying for (to give folks added reason to get their phone service through AT&T and their TV service through DirectTV); if they want to take the money set aside for boxing to develop another TV show (Wikipedia says that HBO is looking at possibly developing something for Watchmen), that'll be up to what AT&T still thinks boxing is worth.
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