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Statement from WarnerMedia CEO John Stankey Announcing Plans for Direct-to-Consumer Streaming Service

October 10, 2018

NEW YORK--(BUSINESS WIRE)--Oct 10, 2018--“Today we announced plans to launch a new direct-to-consumer streaming service in the fourth quarter of 2019. This is another benefit of the AT&T/Time Warner merger, and we are committed to launching a compelling and competitive product that will serve as a complement to our existing businesses and help us to expand our reach by offering a new choice for entertainment with the WarnerMedia collection of films, television series, libraries, documentaries and animation loved by consumers around the world. We expect to create such a compelling product that it will help distributors increase consumer penetration of their current packages and help us successfully reach more customers.”

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005830/en/

CONTACT: WarnerMedia

Keith Cocozza, (212) 484-7482

Keith.Cocozza@warnermediagroup.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO FILM & MOTION PICTURES ONLINE

SOURCE: WarnerMedia

Copyright Business Wire 2018.

PUB: 10/10/2018 01:04 PM/DISC: 10/10/2018 01:04 PM

http://www.businesswire.com/news/home/20181010005830/en

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