Warner Media to Launch its Own OTT on 2019

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by @todotvnews the 10/10/2018
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The company plans to compete against Netflix and Dsiney's future streaming service with a platform that will combine all of HBO's content with those from Warner and Turner. 

John Stankey, who took over as CEO of WarnerMedia (previously Time Warner) since the company was acquired by AT&T, has announced this Wednesday that the company is launching a new OTT platform on 2019.

The unexpected service, he mentioned during the Vanity Fair New Establishment Summit, will roll out by the end of 2019 and will offer series and movies from the company's different properties like HBO, Turner and Warner.

According to details, the plan is not just to create a "new Netflix", but to create an attractive offering that's different from anything in the market.

"HBO is one of the best values in the market right now. Clearly what we want to do here is we want to ensure what we’re offering on a combined basis is compelling," explained the executive.

As for the price, he mentioned it would be more expensive than HBO Now, which currently charges 15 dollars a month and has more than 5 million subscribers in the US.

Meanwhile, when it comes to content, Stankey claims the company's investment will allow it to compete with Netflix, which is currently spending 8 billion dollars a year. WarnerMedia spends 2.5 billion a year.

In addition to HBO Now, the company is already offering another OTT in the US, DC Universe, which costs 9 dollars a month, and movie platform FilmStruck. AT&T, its owner, also offers online pay-tv service DirecTV Now, which has two million subscribers.

Other than Netflix and Amazon, the new offering will compete with Disney's highly anticipated OTT service that will also roll out in 2019, and will Apple's upcoming service.

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